Cash flow
How to improve cash flow without borrowing
Cash pressure often comes from timing and processes you can improve before taking on repayments.
2 min read
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Problems & help
Practical first steps when the business is under pressure. Choose a guide for context, then use a worksheet or calculator when it helps with a specific decision.
Guides and lessons
Business under pressure
I can't pay my suppliers: what should I do first?
A missed supplier payment can interrupt trading. Work out the shortfall, speak to suppliers early and seek qualified help if the business may not pay debts when due.
2 min read
Business under pressure
What is a statutory demand and what should I do if my company gets one?
A creditor's statutory demand is a formal demand under the Corporations Act that gives a company 21 days to pay a debt of at least the statutory minimum, currently $4,000. If the company does nothing, it is presumed insolvent and a creditor can apply to have it wound up.
6 min read
Business under pressure
What is a winding up application and what happens to my company?
A winding up application asks a court to order that a company be wound up and a liquidator appointed. It is most often made by a creditor after the company has not complied with a statutory demand.
5 min read
Business under pressure
When is borrowing not the answer for a struggling business?
If your business is losing money, may be insolvent, or would borrow to pay old debts without a plan, more debt can make things worse. Talk to a financial counsellor, your accountant or a registered liquidator first.
7 min read