Read about how the Australian retail industry has fared in our Small Business Risk Review data for Q4 2019. Amidst dozens of shop closures and job losses already in 2020, find out what retailers need to do to avoid the road to external administration.
Each quarter, CreditorWatch releases a Small Business Risk Review, using data from numerous public sources like ASIC as well as proprietary data from our 55,000+ customers. Discover the findings from Quarter 4, 2019 and what it means for industries around Australia.
Industry Insights Quarter 3, 2019: Construction remains the worst performing industry but others catch up
It is no surprise that Construction remained the worst industry for court actions in Quarter 3, 2019. However, other industries are showing signs of catching up. Construction remained the worst-performing industry in court actions in all states with the exception of Western Australia. Western Australia which saw retail trade as the worst-performing industry for court […]
Looking for data on Quarter 4? Read how the retail industry has fared at the end of 2019. 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 […]
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 […]
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 […]
The second quarter of 2019 saw a continued increase in court actions for New South Wales, South Australia and Victoria. Comparing this quarter with Quarter 2, 2018 really highlights the increase in court actions and judgments for those three states. Since December 2018, NSW has seen a steady rise in court actions. However, the largest […]
What are the biggest business trends of Q1 2019? The Small Business Risk Review Q1 2019, found that court actions across Australia have increased significantly in the 1st quarter of 2019 in comparison to Quarter 1, 2018. It’s no surprise to see worrisome numbers in the first quarter. This is particularly due to the consequences […]
The final quarter of 2018 for small businesses didn’t 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 Wales […]