However, we're headed for recession and more insolvency
appointments.
Another quarter has flown by and it's time to take another
look at how insolvency appointment numbers are tracking and look
into our crystal ball to see what the future might hold.
The current picture
First, let's look at where insolvency appointments are at
the moment.
Corporate insolvency
Corporate insolvency appointments are up.
In the first quarter of FY2023 appointments were up 60% on the
same period last year and were much closer to historical levels
than they have been over the last two years, with appointments
averaging 840 per-month over the last three months.
Of particular note is the growing popularity of small business
restructuring (SBR). So far this year, we have had 83 SBR
appointments, more than we had in the first eighteen months
following the introduction of SBRs.
