Findings from the Small Business Risk Review have been released for the first quarter of 2017. The latest quarterly analysis of aggregated and trade payment data reveals a need for businesses to be more vigilant of their customers. Court actions in Victoria and New South Wales have risen 6 months after a significant increase of the average payment […]
The number of failed unincorporated entities has significantly increased from the September quarter of 2015. The findings were revealed in CreditorWatch’s latest Small Business Risk Review, which also shows a continuous high in national payment defaults (+67%) during Q4 2016. Unincorporated entities (typically sole traders and partnerships) are commonly small privately owned businesses. The operators […]
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 […]