Of the 7,498 initial external administrators’ reports lodged in the 12 months to 30 June 2019, 51 per cent nominated inadequate cash flow or high cash use as the top cause of business failure.
Read more at the Accountants Daily.
Cash-flow woes continue to drive insolvencies
Inadequate cash flow or high cash use continue to be the root cause for a company’s failure, ASIC’s latest corporate insolvency report shows.
