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The Latest Breaking News from CreditorWatch

Who Is Elijah Founder Responds To Claims Of $1.4M Tax Debt And ‘Toxic’ Workplace

Raquel Bouris, the co-founder of cult Aussie perfume brand Who Is Elijah, has responded to claims regarding the company’s alleged subtantial tax debt and toxic workplace. According to a report by The Daily Telegraph, CreditorWatch has claiemd that the perfume brand owe more than $1.4 million (AUD) in tax and…

Pedestrian.tv

Inflation does a job on wage growth, adds heat to rates

Rising inflation has pushed real wages below the level of rising costs, which could have a big impact on the Reserve Bank's next decision on interest rates.

AAP

Owners dipping into pockets with business finance tight

Tight lending conditions force proprietors to keep their businesses afloat with personal funds, according to a survey showing optimism for the year ahead.

AAP

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Fast or gradual: RBA debate shapes rates outlook

A debate inside the Reserve Bank board over the tightness of Australia's labour market could determine how quickly it moves to cut interest rates.

AAP

Restaurants, building firm insolvencies remain high

CreditorWatch data has found business insolvencies remain historically high, with two key sectors bearing the brunt.

AAP

Restaurants on the brink as business failures plateau

Hospitality venues are feeling the pinch from high business costs and low spending, but lower interest rates should help ease the pain

AAP

Big bite on spending swallows up hospitality businesses

A record-high 9.4 per cent of food service and hospitality businesses shut their doors in the year to March as cost pressures weighed heavily on households.

AAP

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Tariffs spell death knell for businesses on the brink

Australia's economy is tipped to grow faster in 2025 but US tariffs and trade wars could be enough to send marginal businesses to the wall.

AAP

Slow economic growth set to continue into 2025

While there may be a slow uptick in economic growth in the near future, it will remain subdued into the 2025, a survey has predicted.

AAP

Business leaders eye economic light at end of tunnel

Corporate leaders report feeling upbeat about their firms and the broader economy as the business lobby takes aim at anti-business sentiment.

AAP

Rising costs, rates cook record number of businesses

Insolvencies for Australian businesses have reached a record high as high inflation, elevated interest rates and weaker consumer demand squeezes margins.

AAP

A Slew Of Popular Sydney Restaurants Have Shut Down Recently & More Closures Are On The Way

An alarming new report has found that one in 13 restaurants will close over the next 12 months.

Pedestrian.tv

Swifties boost spending but overall consumer pulse weak

Households are cutting back on clothing, footwear and meals to afford things they cannot do without like insurance, education - and Taylor Swift concerts.

AAP

Burdened households to drive lacklustre growth

There are few reasons to be optimistic about Australia's growth prospects, as a collection of indicators point to the state of the economy.

AAP

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ABC News

Multiple F45 gyms have collapsed around Australia as the US-listed parent faces possible legal battles with celebrities and investors

F45 has been celebrated as an Aussie success story, but the company now faces multiple lawsuits in the US, a stock price collapse and a growing number of franchises on the market or going bust. Will the fitness empire weather the storm?

AAP

Inflation, slowing demand ramps up business risks

High inflation, rising interest rates and falling consumer demand is putting Australian businesses under increasing stress.

AAP

Business conditions eased in January, survey indicates

The average value of invoices between businesses in January fell to its lowest level since 2015, while trade payment defaults have been trending upward.

AAP

Savers finally seeing interest rates boost

Some banks are now trying to entice customers to put their money into savings accounts by offering some of the highest interest rates seen in years.

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The New Daily

‘Turning point’: Business collapses spike but local recession still unlikely, say economists

The number of businesses falling into administration spiked in July as economists warn the economy is headed towards a “turning point”.

ABC News

Australia's insolvency drought might end with an unwanted flood

As the pandemic roared in during early 2020, rapid and astonishing shifts were made to prop up an economy sledgehammered by lockdowns, restrictions and fear.

AAP

Rate rise risk unnerves mortgage holders

Households with a mortgage have posted a steep drop in confidence due to concerns a cash rate rise by the RBA is just months away.

AAP

PM spruiks 'Australian' economy recovery

Business activity is likely to slide in the first half of 2022 due to the impact of Omicron, credit reporting agency CreditorWatch has warned.

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