CreditorWatch have released insights from an analysis that reviewed registered payment defaults and trade payment data from over 40,000 active customers for the year following the third quarter of 2015.

The findings present an accurate status of small business behavioural trends as sole traders, trusts and partnerships are inclusive in the data analysed for the review along with companies.

These smaller trading entities aren’t governed in the same way as companies by ASIC, and often go unreported on Government statistics and other business reports regarding payment trends.

Managing director at CreditorWatch, Colin Porter says “as a credit reporting bureau that provides credit reports on both incorporated and unincorporated entities, we are able to identify changing behaviours by analysing statistics on all entities.”