SMEs should heed the warnings of rising insolvencies

Atradius news

Atradius’ article by ANZ Managing Director published online in ‘Smart Company’, ‘SMEs should heed the warnings of rising insolvencies’.

“The Australian economy is facing headwinds for the remainder of 2016 and into 2017 following the decline in commodity prices. Local bankruptcies are expected to rise by 8%, according to Atradius forecasting, so it makes good business sense to look for ways to reduce risk exposure to let the company trade confidently. Australian businesses must start implementing strategies to avoid being another bankruptcy statistic.”

Read the article on the Smart Company website:

http://www.smartcompany.com.au/finance/75373-smes-heed-warnings-rising-insolvencies/

About Atradius

Atradius provides trade credit insurance, surety and collections services worldwide through a strategic presence in 50 countries. Atradius has access to credit information on 200 million companies worldwide. Its credit insurance, bonding and collections products help protect companies throughout the world from payment risks associated with selling products and services on trade credit. Atradius forms part of Grupo Catalana Occidente (GCO.MC), one of the leading insurers in Spain and worldwide in credit insurance.

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For Further Information:

Atradius Corporate Communications Oceania

Lara Morrow

Tel.: +61 2 9201 2249

E-mail: lara.morrow@atradius.com

www.atradius.com.au

 

Disclaimer

The statements made herein are provided solely for general informational purposes and should not be relied upon for any purpose. Please refer to the actual policy or the relevant product or services agreement for the governing terms. Nothing herein should be construed to create any right, obligation, advice or responsibility on the part of Atradius, including any obligation to conduct due diligence of buyers or on your behalf. If Atradius does conduct due diligence on any buyer it is for its own underwriting purposes and not for the benefit of the insured or any other person. Additionally, in no event shall Atradius and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental, or consequential damages arising out of the use of the statements made information herein.