Over the past six months, insolvency appointments have continued to run well above the eight year historical average, reinforcing just how elevated the current environment is. What is particularly notable is the December result. Ordinarily, we see a seasonal slowdown in appointments as businesses and courts wind down for the year, which typically produces a […]
In September, 1,104 businesses entered external administration. Pleasingly there wasn’t a bounce back to the highs of the previous months but they are still well above the long-term monthly average of 827. Economic uncertainty and ongoing financial pressures continue to weigh on many businesses. This highlights why solid risk management practices are essential, especially when […]
Cash flow stays steady when your rules are clear, your paperwork is tidy, and you act early when risk shows up. Keep it simple so the team can run it without drama. A few small routines, done every week, beat any heroic end-of-month scramble. Start with visibility. Know who is actually paying you, put claim […]
In August, 1,090 businesses entered external administration – still above the long-term monthly average of 827.33 but the first noticeable downturn towards the average we have seen in a long time. Fingers crossed it’s at least started heading back towards what we might consider normal although I think it’s probably to early to state that […]
In June FY25, 1,309 businesses entered external administration—virtually unchanged from May’s 1,308. This marks another month of exceptionally high insolvency volumes, continuing a trend that has defined FY25 as one of the most challenging years for Australian businesses in recent history. With monthly figures consistently exceeding 1,200 since the start of FY25, the data highlights the ongoing financial strain across […]
We’ve just started working with a new client who came over from another broker. A couple of years ago, they’d taken a big hit with a retention loss. They didn’t want to go through that again, so they bought a trade credit insurance policy. That was a good choice. Credit insurance can be tricky when […]
In May FY25, 1,308 businesses entered external administration for the first time—more than double the five-year average of 611.0, and higher than May FY24’s 1,249. Although slightly down from April’s 1,225, the figures remain significantly elevated, suggesting that financial stress across the economy is far from easing. Expectations of a slowdown following March’s peak have not materialized, reinforcing the […]
One of the trickiest conversations we have with potential clients is this: “Please only choose one broker to go to market with.” It can feel a bit uncomfortable. especially when we’re talking about a product most people don’t know much about, to say: “Don’t go anywhere else, just stick with us,” without sounding like a […]
In April FY25, 1,225 businesses entered external administration for the first time—more than double the five-year average of 578.3 and well above April FY24’s 606. While this marks a modest decline from March’s 1,447 insolvencies, the numbers remain alarmingly elevated. Many had hoped March would represent a peak, but April’s figures suggest that financial stress is still widespread and […]
Trade Credit Insurance isn’t always the best topic to bring up at a dinner party if you want to be remembered as interesting company. However, it’s genuinely satisfying to see it work in practice and do what we say it will do when we talk to businesses who are thinking about getting it. This past […]
