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CreditorWatch Blog

Small Business Risk Review Quarter 3, 2019: Topsy-turvy business conditions endure

Small Business Risk Review Quarter 3, 2019: Topsy-turvy business conditions endure

CreditorWatch’s Small Business Risk Review for Quarter 3, 2019 highlights a large increase in the value of court actions in Queensland, concerning change for Western Australia and an increase in insolvencies across Australia. Quarter 3, 2019 continued to highlight the unstable and uncertain economy that Australia has been experiencing this year.  As Australia remains on […]

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PPSRLogic wins CreditorWatch ABA100 Award in Business Technology Category

PPSRLogic wins CreditorWatch ABA100 Award in Business Technology Category

CreditorWatch has been recognised as an ABA100 Winner in The Australian Business Awards 2019 in the Business Technology category for PPSRLogic “We are honoured to accept the 2019 ABA100 Award for Business Technology, in recognition of our innovative platform, PPSRLogic. Our customer-centric focus and dedication to innovation have helped us to produce a product that […]

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Court actions increased in FY2019 in comparison to FY2018

Court actions increased in FY2019 in comparison to FY2018

Performing due diligence is more important than ever Court actions increased in FY2019 across all states, with the exception of WA, by 18% volume and 13% dollar amount. Victoria took the lead with the highest amount of court actions, followed by New South Wales. Victoria had the highest dollar amounts in July 2017 and April […]

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Tax Debt Transparency Back in Parliament

Tax Debt Transparency Back in Parliament

Would you like to know when a customer has a significant tax debt with the ATO? A government proposal to allow the ATO to share information about business tax debt to credit bureaus like CreditorWatch was re-introduced to parliament this week. The legislation would improve the ATO’s ability to address the $10 billion small business […]

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The Riskiest Industries of Financial Year 2019

The Riskiest Industries of Financial Year 2019

The construction industry was the biggest risk to small businesses CreditorWatch reviewed industry data across that last 12 months. The statistics were loud and clear across each state that construction was performing poorly. Looking at court actions, New South Wales was the riskiest in Construction by 33%. New South Wales had the highest court actions in […]

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