% of reports involving less than 20 employees

81%

78%

78%

% of reports by industry

24% - Construction
24% - Other (business & personal) services
10% - Retail trade

24% - Other (business & personal) services
22% - Construction
10% - Retail trade

23% - Other (business & personal) services
23% - Construction
11% - Retail trade

% of reports with estimated assets of $100,000 or less

85%

85%

84%

% of reports with estimated liabilities of $250,000 or less

43%

42%

44%

% of reports with an estimated deficiency of $500,000 or less

65%

64%

65%

% of reports by cause of failure

42% - Poor strategic management of business
41% - Inadequate cashflow or high cash use
32% - Trading losses

44% - Poor strategic management of business
40% - Inadequate cashflow or high cash use
33% - Trading losses

44% - Poor strategic management of business
41% - Inadequate cashflow or high cash use
33% - Trading losses

% of reports with estimated dividends to unsecured creditors of less than 11 cents in the dollar

97%

98%

97%

Top 3 alleged possible misconduct

1. Insolvent trading
2. Obligation to keep financial records
3. Care & diligence - Directors’ & officers’ duties.
4. Insolvent trading
5. Obligation to keep financial records
6. Care & diligence - Directors’ & officers’ duties.
7. Insolvent trading
8. Obligation to keep financial records
9. Care & diligence - Directors’ & officers’ duties.

% of reports where external administrators had evidence in their possession and believed that further enquiry warranted

13.5% (1,253 reports)

12% (1,215 reports)

11% (851 reports)

No of external administrator supplementary reports requested by ASIC to determine whether to commence an investigation

677

738

558