Author: Doug Watt
Understanding the small business insolvency reforms and how this impacts you the creditor
After a year of unprecedented change we have seen various legislative changes and the introduction of the small business insolvency reforms. As creditors it is important that we understand the impact this has on you and your customers.
Author: Doug Watt
Overcoming the abuse of insolvency laws by related party creditors: turn a challenge into an opportunity for your business
Insolvencies are predicted to hit record numbers in 2021. Unfavourable director friendly DOCA’s seem to be part of the insolvency landscape.
Author: Doug Watt
Alares Insolvency Risk Factor – Overview
This session will provide an overview of the new “Insolvency Risk Factor” feature of the Alares Court search system.
Author: Doug Watt
The Management of Customers in a Period of Unprecendented Change
Businesses must understand the impact of unprecedented change and the impact it has on the management of customers, credit, and the legal strategy available.
Author: Doug Watt
A Conversation Can Change a Life
R U OK? inspire and empower everyone to meaningfully connect with the people around them and start a conversation with anyone who may be struggling with life.
Author: Doug Watt
Members 60/90+ Debt – Sept Quarter 2018
The consolidated debt at 60/90 days for the Sep 2018 quarter was 5.66%. This was slightly lower than the Sep 2017 results. The 2017/2018 financial year average for outstanding debt at 60/90 days was 6.57%. This was a big improvement on the 2016/2017 results which averaged 7.72% for the year.
Author: Doug Watt
BICB Recorded Administrator Appointments
Since last reported, (in last month’s newsletter), we have recorded 12 Administrator appointments, 9 in December and 3 in January 2019. Company (Voluntary Administration) Appointed Region Woodhill & Sons Pty Ltd 03/12/2018 NT Niveau Pty Ltd 03/12/2018 WA Calatafirmi Enterprises Pty Ltd 03/12/2018 QLD Unity Group of Companies (2009) Pty Ltd 13/12/2018 SA Multidwell Group…
Author: Doug Watt
Industry Sector 60/90+ Debt
The equipment hire sector lead the field when it comes to outstanding balances at 60/90+ days, with an average of 17.3% for the three months ending 31 December 2018. The consolidated value of debt at 60/90 days at 31 December 2018 was $224,576,592 (8.7%).
Author: Doug Watt
BICB Recorded Applications for Wind Up – January, 2019
Since last reported, (in last month’s newsletter), we have recorded 35 Applications for Wind-up. The ATO are listed as the Applicant in 54% of these listings. Company Applicant State Hearing Date Tierra Built Pty Ltd Eaton & Sons Pty Ltd NSW 30/01/2019 Adant Services Group Pty Ltd Powerark Solar Pty Ltd VIC 30/01/2019 Lxora Construction…
Author: Doug Watt
BICB Recorded Liquidator Appointments, December 2018
We recorded 61 liquidator appointments in December 2018 and 35 appointments in January 2019. The appointments in December were the highest ever recorded by BICB. Company (In Liquidation) Appointed Region Zion Industries Pty Ltd 23/11/2018 QLD Allec Electrical Services Pty Ltd 23/11/2018 QLD KNG Scaffold Pty Ltd 30/11/2018 SA Platinum Homes & Additions Pty Ltd…
Author: Doug Watt
BICB National Construction Industry Insolvency Statistics – July-December, 2018
