The March quarter (Jan-March) is a well-known pressure point for Australian businesses.
After the Christmas trading period, many companies face a cash flow dip, slower seasonal activity and renewed ATO and creditor pressure.
It’s often a time when underlying financial issues surface and when customer behaviour becomes less predictable.
ASIC data shows that year on year there is a sharp increase in insolvencies from January to March due to this instability and uncertainty.
Securing cover over your trade receivables now will protect your profitability next year, providing comfort that unexpected customer failures won’t impact your cash flow.
Prepare now to stay stable through a volatile period and better position your business for growth for the new year. Contact NCI today to discuss your options for cover.
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