I think you should read your articles again.
Maybe you should read them again, otherwise let me quote them:
1st article:
Voluntary administrations that enter into DOCAs 28.5% DOCAs
that are successfully completed and deliver a trading enterprise within a year ~25% (writer’s estimate)
Overall result: estimate of percentage of insolvent companies that use voluntary administration to successfully restructure business (0.13*0.285*0.25)% 1%
2nd article:
We track a number of statistics and one of those is the success, or otherwise, of Voluntary Administrations. Here are the facts:
- 15% of corporate insolvencies are Voluntary Administrations – the rest are liquidations or receiverships;
- around 33% of VAs successfully execute a Deed of Company Arrangement (“DOCA”);
- so only 5% of insolvent companies successfully executing a DOCA
3rd article:
Unfortunately, a close analysis of the facts reveals that
voluntary administrations are actually very expensive and, in the vast majority of cases, fail in their stated objective of saving a business.
undertaken by the insolvency practitioners’ professional body, ARITA, to determine the success rate. It’s not good news:
- 15% of corporate insolvencies are voluntary administrations;
- 33% of voluntary administrations result in a DOCA;
- 28% of DOCAs have some sort of “creative outcome”, such as saving the business.
So what does that devolve into? Voluntary administrations save around 2% of insolvent businesses. Ouch!