Cash Flow Issues Dent Confidence

Cash flow was a big worry for Australia’s small and medium businesses last year.

Just over 15 percent suffered a bad debt and lost money because a customer went broke.

Nearly, 12 percent were forced to negotiate payment plans and 27 percent have experienced long delays before getting paid.

The figures were compiled by Bibby Financial Services and research firm CoreData who polled 850 Australian SME’s.

The survey indicates that cash flow is the big concern of SME’s with many experiencing bad debts, long waits and difficult collections.

There was no expectation this would improve in the near future, in fact thought cash flow would become more difficult to manage.