Looking at October FY25 insolvencies, we’re seeing another big jump in businesses entering into administration for the first time. 1,361 insolvencies in total, which is up from 1,227 last month in Sept and 907 for the same month in FY24—that’s a 50% increase. When you compare it to the average of 566.5 over the last […]
Case Study: Quasar Constructions In the unpredictable world of construction, financial stability can be as fragile as the buildings you’re working on. Quasar Constructions demonstrated this when they went into administration, owing over $60 million with only $6 million in assets. But here’s the twist: their downfall nearly sent a number of their suppliers into […]
🚧 Eight construction firms are collapsing daily in Australia🚧 Most recent monthly first time administration stats from ASIC continue to tell a rather bleak story. An average of eight construction companies are collapsing each day, with a total of over 7,000 having collapsed since 2021. This highlights the urgent need for businesses to safeguard themselves […]
Trade credit insurance is a valuable tool for businesses, yet many misconceptions surround it. Let’s clear up the top five myths: Myth 1: Trade Credit Insurance is Only for Large Companies Reality: Trade credit insurance is beneficial for businesses of all sizes. Small and medium-sized enterprises (SMEs) can benefit greatly from the protection against non-payment. This […]
When it comes to trade credit insurance (TCI), several unique aspects set it apart from other types of insurance. While TCI shares familiar elements that most business owners know and understand, such as a premium, an excess, and an indemnity, that’s often where the similarities end. The features that differentiate TCI can sometimes leave potential […]
The first question often asked about trade credit insurance is “how much does it cost?” Trade credit insurance safeguards your business against non-payment by customers, ensuring your cash flow remains stable. By insuring your accounts receivable, you can operate with greater confidence, knowing that your cash flow won’t be disrupted if customers fail to pay. […]
