Trade Credit Policy Solutions Just in Time
With the number of businesses entering into receivership on the rise, now’s the time for all organisations to consider instruments that may help cover their bottom line.
Insolvencies have been front and centre since the start of 2016, with a number of high profile businesses entering into administration in Australia.
This is indicative of a broader trend and data shows the number of insolvencies in Australia has been on the rise. According to the Australian Securities and Investments Commission’s latest figures, there were around 10,404 registered company insolvencies in Australia in 2015, a rise of 1610 entities compared to the 2014 figure of 8,794*.
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*Insolvency statistics - Series 1 Companies entering external administration, accessed 08/01/16.