I had a Creditors Report come across my desk today, which is not that unusual, but what was unusual is the number and types of businesses I saw listed as Secured Creditors, having obviously registered themselves as Credit Providers on the PPSR. (Personal Property Securities Register)

Now whilst there were 262 Unsecured Creditors totaling a massive 6.5 million in unsecured credit, against only 44 Secured Creditors, I found myself really paying attention to the names of those secured creditors and the businesses they operate. Whilst I did recognise a couple of our clients on the Secured Creditor list there were quite a number of varied and smaller businesses which you don’t normally tend to see on a Creditors Report.

Which leads me to ask the question, Are Businesses Finally Learning How to Protect their Cash Flow with the PPSA? (Personal Property Securities Act)

What most businesses, and their professional advisors for that matter fail to realise is that no matter if you provide goods or services on credit the PPSA is there to protect their cash flow.

I would encourage all businesses owners to do a little investigation and find out for themselves how they can move from the list of 262 Unsecured Creditors to the list of 44 Secured Creditors.

“It’s your Business and Your Money”

EC Credit Control continues to play a significant role as the ‘go to’ for tradies in small to medium businesses. Now, by becoming a Tradebusters Academy Expert we have a greater reach in offering our debt recovery services, terms and conditions of trade and credit management products to tradies throughout Australia.

Tradebusters, a leading tradesman service provider, has recently launched the Tradebusters Academy online – a user friendly website where tradies can source information, tips and expert advice for their business.

Tradebusters Academy directs tradies to reputable service providers such as legal advisors, insurance companies, business coaching services, debt recovery and more, including the hosting of seminars and events to help tradies succeed in business.

As a new partner with Tradebusters Academy, we look forward to providing tradies with valuable advice, the right tools and strategies when it comes to protecting their cash flow and handling the ‘money’ side of their business.

Here you will find not only details of your local Area Manager but also regular updates of events in your area including:

• Gold Coast
• Yatala
• Beenleigh