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 […]
March FY25 saw a continued surge in insolvencies, with 1,447 businesses entering administration for the first time. This number is twice the average of 712.17 recorded over the past five financial years, reflecting the ongoing economic pressures on businesses. The jump from February’s 1,216 insolvencies highlights the persistent instability and unpredictability in the current […]
When most businesses first consider credit insurance, they usually think of it as a way to protect themselves from the risk of bad debts. It’s often the first thing that comes to mind when they hear about it, and that’s how most people are introduced to this type of insurance. But what many business owners […]
In February FY25, the anticipated spike in insolvencies materialized, with 1,216 businesses entering administration for the first time. This figure is double the average of 606 since 2017, highlighting the ongoing economic challenges faced by businesses. The significant increase from January’s 726 insolvencies underscores the volatility and uncertainty in the current economic climate. Despite […]
Many businesses are feeling a cash flow crunch at the moment, leading them to reconsider discretionary expenses like credit insurance. As business owners we get that. Recently I had a business owner decline a very competitively priced policy (and it was the only one I could get from the market) due to cashflow problems they […]
