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Business Health Check

Our Business Health Check can help you assess the health of your business and determine if you need to take action to remedy your financial circumstances.

If you’re experiencing financial distress, its important to take immediate action. Take our free health check below to see how your business is performing or click here to solve your financial problems.

We recommend you consider the results in combination with the Business Liquidity Ratio.

Has your business experienced:

(All Questions Required)

1. Continuing trading losses or declining sales
YesNo

2. Cash flow problems
YesNo

3. Disorganised accounting procedures
YesNo

4. Aging liabilities
YesNo

5. Bad debts
YesNo

6. Unrecoverable loans to associated parties
YesNo

7. Legal letters or demands
YesNo

8. Suppliers placing your company on cash-on-delivery (COD) terms
YesNo

9. Dishonoured cheques or returned direct debits
YesNo

10. Payment arrangement with suppliers
YesNo

11. Overdraft always around limit
YesNo

12. Scrutiny by banks/financiers
YesNo

13. Inability to raise working capital
YesNo

14. Overdue taxes and/or superannuation liabilities
YesNo

WARNING

Based on your answers to the questions, your business is showing signs of financial distress and possibly insolvency.

Please complete the business liquidity ratio assessment below so we can provide you with a recommended course of action.

Disclaimer

CONGRATULATIONS

Based on your answers to the questions, your business does not appear to be experiencing financial distress.

Should you feel this result is inconsistent with actual business performance and would like to obtain further advice as to your options, contact us or alternatively complete the Business Liquidity Ratio Assessment so we can provide you with a recommended course of action.

Current Assets (Enter Amount $)

Cash:

Debtors:

Stock:

Investment:

Liabilities (Enter Amount $)

Employees and Superannuation entitlements:

ATO:

Trade Creditors:

Loan/s repayable in the next twelve months:

WARNING

Based on your disclosure, your liquidity ratio is less than 0.5 suggesting the business is insolvent and unable to pay its debts as and when due.

If you are operating the business as a sole trader or in a partnership you are personally liable for the debts incurred by the business.

This website has been specifically designed to create a simple online bankruptcy solution for individuals in your position. Click here to see if you are eligible for our online bankruptcy solution.

Disclaimer

WARNING

Based on your disclosure, your liquidity ratio is in the range of 0.5 to 0.99 suggesting the business cannot pay, or is experiencing difficulty in paying, its debts as and when they fall due.

It also suggests the business maybe cash flow insolvent and in the absence of a capital injection to return the business to solvency, experiencing financial distress.

This website has been specifically designed to create a simple online bankruptcy solution for individuals in your position.

If you wish to proceed with the online bankruptcy process click here.

If you would like to obtain further advice as to your options, contact us.

Disclaimer

CONGRATULATIONS

Based on the information disclosed, your liquidity ratio is greater than 1.00 which suggest the business has the ability to pay its debts as and when due and is probably not cash flow insolvent.

However, should you feel this result is inconsistent with actual business performance and would like to obtain further advice as to your options please feel free to contact us.