Tag · 2 stories
#Administrators
Cashflow ◆
Business insolvencies spike, as creditors get aggressive
There’s been a strong rise in the number of businesses entering external administration (EXAD) for the three months to September, as poor sales and increased creditor activity takes its toll.
Lorna Brett · 2 min
Locked ◆
SME insolvency on the up: ASIC
The number of businesses entering external administration jumped almost 6 percent in the last financial year, with insolvency practitioners reporting more activity in the SME sector as a result of tighter Australian Taxation Office debt recovery.
Lorna Brett · 2 min