Ledge Finance & Iron Mine Contracting

In the first half of 2023, Australian insolvency numbers hit a seven-year high, so why aren’t businesses doing whatever it takes to minimise the impact of insolvency? The Personal Property Securities Act (PPSA) was introduced in 2012 to do just that – it helps protect Australian Businesses by minimising the impact of insolvency. Yet few businesses in Australia are taking advantage of this beneficial legislation. So why aren’t more businesses complying with the PPSA? And if you’re not complying, why not? It can’t be the cost; you’ll probably spend more on coffee each year. It is more likely a lack...

You may be familiar with the term ‘working capital,’ but what does it really mean, and how can it impact your business’s financial stability? In brief, ‘working capital’ is a financial metric that reflects a company’s operational efficiency and short-term financial health. Sufficient working capital is crucial for any business to maintain operations and grow revenue. However, not every business has the necessary funds available to cover these costs at any point in time – and that’s where working capital finance can prove an effective solution. Let’s delve into the intricacies of working capital and explore the potential benefits and...