SMEs struggle to finance growth, navigate headwinds

SMEs struggle to finance growth, navigate headwinds

Australia’s SMEs increasingly seek funding options unshackled from their personal assets as they navigate post-pandemic supply chain and recruitment challenges, the annual SME Compass Report finds. The report conducted by fintech SME lender Banjo Loans, found small...
Zombie firms ‘will lead march to insolvency’

Zombie firms ‘will lead march to insolvency’

Insolvencies will strike Australia in the second half of the year led by zombie companies and businesses that have exhausted their cash reserves, said one insolvency specialist.  A director of Insolvency Australia, Gareth Gammon, said zombie companies were at the...
Zombie firms ‘will lead march to insolvency’

Advisory firm faces court over staff underpayments

The Fair Work Ombudsman has commenced legal action against the operators of a financial advisory service based in Parramatta, Sydney. Facing court are Centennial Wealth and sole director Nevenka “Natasha” Lovric, after the regulator began an investigation when it...