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CreditorWatch Blog

Small Business Risk Review: A concerning end to a mostly positive 2018

Small Business Risk Review: A concerning end to a mostly positive 2018

The final quarter of 2018 for small businesses didn’t exactly present the best outcome. Court actions and judgments across Australia (except WA) have increased significantly in the 4th quarter of 2018 in comparison to the previous year.  In addition, the average payment default value and cancelled unincorporated entities have increased. Download the infographic New South […]

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A PPSA reality: The good, the bad and the ugly

A PPSA reality: The good, the bad and the ugly

The PPSA was introduced to ‘level the playing field’ between unsecured and secured creditors on the insolvency of a customer. By far the greatest benefit of the PPSA is its ability to create security in the goods you sell. The PPSA now allows you to truly retain the title in your goods until they are […]

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Creditors: 4 ways to defend a liquidator’s unfair preference claim

Creditors: 4 ways to defend a liquidator’s unfair preference claim

What is an Unfair Preference? Essentially, an unfair preference is when a creditor, within the six months before a company goes into administration or liquidation, receives payment(s) from that company that is more than they would receive if the payment(s) hadn’t occurred and they proved for their full debt in the liquidation. The “unfair preference” […]

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Credit Enquiries: Changes and Additional Features

Credit Enquiries: Changes and Additional Features

CreditorWatch has made changes to its Credit Enquiries widget which have made it more accurate and provides businesses with further information.    The most notable change to the widget is that the calculations have changed. Instead of viewing the number of credit enquiries in all time, they are now calculated over a 5-year period. The […]

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A Positive Third Quarter for Australian Small Businesses

A Positive Third Quarter for Australian Small Businesses

CreditorWatch’s Small Business Risk Review for Quarter 3, 2018, shows an improvement in conditions for the majority of Australia in comparison to Quarter 3, 2017. Download our infographic Court actions and dollar amounts have decreased from last year’s third quarter for all states except Victoria. Western Australia has seen its court actions and judgements decrease […]

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PPSR 7-Year Anniversary: Are you ready?

PPSR 7-Year Anniversary: Are you ready?

A huge volume of PPS registrations are due to automatically expire over the next 18 months – is your business ready? AFSA (being the government department responsible for the #PPSR) has recently released a set of statistics showing the number of registrations that will automatically lapse, if you don’t take positive steps to renew your registrations. I have modelled […]

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The five cash flow commandments any small business should live by

The five cash flow commandments any small business should live by

There’s a reason that you often hear the phrase ‘cash is king’ as a small business owner. No business, irrespective of its size, can sustain itself without a healthy amount of cash in the bank. Even Tesla, the leading electric car manufacturer and technology pioneer, saw its share price nosedive following concerns its cash reserves […]

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PPSR Series Part 3: Notable Case Studies

PPSR Series Part 3: Notable Case Studies

The Personal Properties Securities Act (PPSA) has a reputation of being a confusing topic, even for lawyers. It is vital to ensure that registrations are completed with accurate information. However, that isn’t the only point to keep in mind. The notable case study examples listed below highlight some other points to consider.   1. Registering […]

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Adverse Cross Directorships

Adverse Cross Directorships

CreditorWatch recently launched a new risk alert feature called Adverse Cross Directorships. What are cross directorships and why it is important to look out for them? What is a cross directorship? A cross directorship is the term used to define when the director of one company is also the director of another company or companies. […]

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