Cashflow
There’s no shame in being a cash-only business
With all the new ways to exchange funds there’s more talk than ever about the emergence of a so-called “cashless society”. It’s an interesti…
Is access to capital really the problem?
It is said that the lack of access to capital, accounts to 50% of businesses failing. I would like to challenge this belief and say that a l…
SME lenders fear for their reputation in unregulated industry
Providers of online, payday and peer-to-peer loans for small businesses say they are increasingly concerned that the lack of regulation of t…
SMEs forced to use credit cards, personal loans for finance: Small Business Commissioner
Access to finance is still a significant barrier for Australian small businesses, with entrepreneurs increasingly turning to credit cards…
Family-owned kitchen manufacturer Niaz Kitchens collapses after 29 years in business
A family-owned business specialising in manufacturing kitchen fit-outs has collapsed into voluntary administration. Niaz Kitchens was fou…
Working seven days a week for no wage: Franchisee claims Wendy’s breached duty of care as landlord locks him out of his store
A Wendy’s franchisee, who was locked out of the store he owned and operated for more than two years, claims the ice cream and hot dog chai…
Fashion house that has operated since 1996 collapses into voluntary administration
A Melbourne-based clothing manufacturer and wholesaler founded in 1996 has entered voluntary administration. LM Australasia started out prod…
Iconic Queensland restaurant and food festival collapses
The parent company of an iconic Noosa restaurant, which also owns and operates the major food and wine festival in the region, has collapsed…
Thousands of insolvent businesses could be saved with new safe harbour laws, says liquidator
Around one-third of businesses liquidated could be saved and billions of dollars recovered for the Australian economy if the government adop…
Vocation forced to repay $8 million and withdraw thousands of students’ qualifications
Troubled training provider Vocation has been forced to repay $8 million in funding to the Victorian government as it seeks to regain an even…
