Slater Byrne Recoveries and it’s financial advisory partners have performed an analysis of the current state of Australian businesses from an insolvency and overall economic perspective.
The Report analyses industries within Australia where operating businesses are predicted to face financial hard times within the next 12 months.
Nationally, the top 5 industries at risk of default within the next 12 months are:
- Professional, Scientific and Technical Services
- Retail Trade
- Transport, Postal & Warehousing
One of the top three causes of high commercial risk is inadequate cash flow. And the only way to combat the affects you need vigilance in accounts receivable and professional assistance with your collections.
Liam White joined the Slater Byrne Recoveries team in early 2013. He has worked across the credit & dispute resolution industry for a number of years. He is currently working in a Marketing/Head of Sales capacity at Slater Byrne Recoveries.