The latest CreditorWatch Business Risk Index (BRI) for June 2023 has revealed a concerning reality B2B trade payment defaults have reached an unprecedented level.
This indicates that businesses are at risk of collapsing, with insolvency rates likely to rise in the coming months.
According to the June 2023 CreditorWatch BRI, B2B trade payment defaults have reached a record high, suggesting that businesses are facing increasing stress and the rates of insolvencies are expected to rise in the near future.
The data from CreditorWatchs payment defaults reveals that businesses with a single trading partner lodging a payment default against them have a 26 per cent chance of insolvency within the next 12 months. This percentage increases to 45 …
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