‘Disturbing’ research reveals grim Australian business reality

More than one-in-10 retail, hospitality and construction businesses are at risk of bankruptcy in the next 12 months, alarming new research from credit bureau Illion reveals.

“I was quite shocked when I read this today,” Tom Elliott said. “It’s disturbing stuff.”

Head of modelling at Illion, Barrett Hasseldine, says an increasing number of companies are falling behind on paying their supplier.

Press PLAY below to hear how the alarming figure was reached + the businesses at greatest risk