7 Signs Your Business is at Risk of Insolvency

An insolvent company is unable to pay debts when they fall due. There are many early warning signs of a business at risk of insolvency that you should watch for.

• Key internal stakeholders resign, citing concerns for the company’s financial health.
• Agreements with financiers have gone into default or are likely to default.
• Trading losses continually occur, and cash flow is problematic.
• An absence of a comprehensive budget or business plan is in place.
• Funding facility limits are reached, and you cannot negotiate further financing.
• ATO debt issues or problems with suppliers.

What To Do When Your Business Is at Risk of Insolvency

If you’re starting to experience the early signs that your company may need to file for insolvency, get in touch with us now. We’ll put together a business plan to help improve your financial standings and business.

Whether you’re a sole trader, company director or trustee, there are ways to deal with debt before it gets out of hand and your company becomes insolvent.

Company Insolvency in Australia is a common problem, and one option may be to reach an arrangement with your creditors or a more formal business restructuring process to rehabilitate the business. We can also help with liquidation, voluntary administration and receivership.

Regardless of the type of business or debt issues you face, we can guide you through the process and help you find the best resolution.

With extensive experience helping businesses and individuals navigate difficult financial times, the Insolvency Advisory Centre is here to help you assess your options and guide you through the process. We know the Australian insolvency law and what happens to a director of a company in liquidation. We take the jargon out of what can be a complex process and offer a supportive environment during difficult times with plain talk and straight answers. We deliver fast results, get the right advice that makes sense, and help you solve your company’s debt issue.