Some of the earlier indicators are the longer it is taking to pay bills, customers are taking longer to pay or you are using personal money in order to pay the debts of the business. There is a marked rise in the number of businesses that are starting to show severe or unrecoverable stress, are you seeing the clouds before the rain arrives.
We are seeing a lot more businesses behind in their rent, making deals or payment arrangements with creditors or starting to juggle payments and cash flow is drying up.
Before things get too far it is important to understand your position, your risk and what options you have available to deal with the situation, whether it is negotiating with your creditors or starting to change the way your business operates.
Our team are always happy to help, give us a call on 1300 023 782 or email us at team@cdrta.com.au
The team at C&D Restructure and Taxation Advisory are here to help. As part of the Vault Group we can offer the full suite of financial products and advice to help you navigate the business landscape. Schedule a meeting here via Calendly or give us a call on 1300 1 VAULT (1300 182 858)
Craig Dangar
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