Business Insolvency Assessment

1. The company has a history of continuing trading losses.*

Yes
No

2. The company is experiencing cash flow difficulties.*

Yes
No

3. The company is experiencing difficulties selling its stock, or collecting debts owed to it.*

Yes
No

4. Creditors are not being paid on agreed trading terms and/or are either placing the company on cash-on-delivery terms or requiring special payments on existing debts before they will supply further goods and services.*

Yes
No

5. The company is not paying its Commonwealth and state taxes when due (e.g. pay-as-you-go instalments are outstanding, goods and services tax (GST) is payable, or superannuation guarantee contributions are payable).*

Yes
No

6. The company is on a repayment plan with the Australian Taxation Office or other trade creditors for outstanding amounts.*

Yes
No

7. Cheques that have been drawn on the Company’s account are being returned dishonored.*

Yes
No

8. Legal action is being threatened or has commenced against the company, or judgements are entered against the company, in relation to outstanding debts.*

Yes
No

9. The company has reached the limits of its funding facilities and is unable to obtain appropriate further finance to fund operations. For example, through: negotiating a new limit with its current financier;or refinancing or raising money from another party*

Yes
No

10. The company is unable to produce accurate financial information on a timely basis that shows the company’s trading performance and financial position or that can be used to prepare reliable financial forecasts.*

Yes
No

11. Company directors have resigned, citing concerns about the financial position of the company or its ability to produce accurate financial information on the company’s affairs.*

Yes
No

12. The company auditor has qualified their audit opinion on the grounds there is uncertainty that the company can continue as a going concern.*

Yes
No

13. The company has defaulted, or is likely to default, on its agreements with its financier.*

Yes
No

14. Employees, or the company’s bookkeeper, accountant or financial controller, have raised concerns about the company’s ability to meet, and continue to meet, its financial obligations.*

Yes
No

15. It is not certain that there are assets that can be sold in a relatively short period of time to provide funds to help meet debts owed, without affecting the company’s ongoing ability to continue to trade profitably.*

Yes
No

16. The company is holding back cheques for payment or issuing post-dated cheques.*

Yes
No

Business Insolvency Check

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