Is the rise in defaults a wake-up call for small business?
New data from digital credit agency CreditorWatch suggests that small business insolvencies are likely to increase in 2020 with defaults on the rise. While 14 per cent fewer small businesses became insolvent in 2019 compared to 2018, there was a 30 per cent increase in payment defaults year-on-year, which Creditor Watch CEO Patrick Coghlan suggests… Read more »