Tag: Dun & Bradstreet

The number of small businesses going bankrupt jumped almost 50 percent over the last 12 months, and poor cashflow management is being blamed for the alarming figures.

Businesses are almost two months late in paying their bills, with the national tardiness rate blowing out to an average 53 days.

Consumers are saving at levels not seen since the 1980’s, leading the retail sector to brace for a dismal Christmas. In the current climate of lingering economic uncertainty, businesses are feeling increasingly cautious about the traditionally anticipated holiday boon.

Business failures around the world are at an all time low, but it seems local businesses aren’t enjoying this global trend.

Business confidence is being further battered thanks to a 40 percent rise in business-to-business bad debt claims and increasing payment terms, leading experts to urge SMBs to better manage their cashflow.

Figures released by Dun & Bradstreet this week showed 3,000 businesses collapsed in the June quarter, leading experts to urge SMEs to focus on fixing cashflow or risk becoming part of these statistics.

Business failures rose 25 percent for the three months to June to reach their highest rate in 12 months, according to the latest Dun and Bradstreet (D&B) figures.

The rise of trade delinquencies over the last 12 months is putting small businesses in serious risk of debt defaults.

Business and sales expectations have again fallen on the back of interest rate rise fears, according to new Dun & Bradstreet figures, which also revealed Australia’s employment outlook has slipped to an index of -5.

Over two-thirds of small businesses aren’t paying bills on time, with the number of organisations paying invoices more than three months late jumping to 20 percent.