Docket
- Brewski To Close After A Decade Of Beers – https://craftypint.com/news/3507/brewski-to-close-after-a-decade-of-beers
- Just Wines Buys Beer Cartel And Brewquets – https://craftypint.com/news/3502/just-wines-buys-beer-cartel-and-brewquets
- Brew Baron Closes – https://www.facebook.com/brewbaronbeerco/posts/pfbid0kw3T1EnFTvoxTS2MjfBTWZKP8MB7JZ96McjwCxUu5LWD87YU9hMHCjeV7ikDhDjMl
- Buddy Kicks Carbs Not Beers – https://www.beerandbrewer.com/lion-launches-hahn-ultra-zero-carb-with-afl-legend/
- Sauce Brewing Crowdfunding
Hendo Reacts
- HR1 – https://www.facebook.com/share/r/NWbMYsSfiJ4bzm5f/?mibextid=qDwCgo
- HR2 – Andrew Lange https://www.instagram.com/reel/C9MvGcRM32c/?igsh=MW1yemgxdzdxdTA2eA==
- HR3 – Ben Taylor – https://www.facebook.com/groups/621725869211131/?multi_permalinks=1247182116665500&hoisted_section_header_type=recently_seen
- HRF1-1 – https://www.instagram.com/p/C9KWGpXoFx_/?igsh=a3luNDVqOXY3MGYz
- HRF1-2 – https://x.com/lnthefade/status/1809923519989313964?s=46&t=oDJFFAY9Qk2fXUg5o3sbAw
Insolvency Indicators
The 14 potential indicators of insolvency set out in the matter of ASIC v Plymin are:
- Continuing losses: Ongoing financial losses indicate a lack of profitability and cash flow to meet obligations.
- Liquidity ratios below 1: Indicates that current liabilities exceed current assets.
- Overdue taxes: Unpaid taxes suggest cash flow problems and prioritization of other payments over government obligations.
- Poor relationship with present bank: Difficulty in maintaining good terms with banks or financiers.
- No access to alternative finance: Inability to secure additional funding from other sources.
- Inability to raise further equity capital: Challenges in obtaining additional equity investments.
- Suppliers placing the company on cash on delivery (COD) terms: Suppliers demand immediate payment rather than offering credit terms.
- Creditors unpaid outside trading terms: Regularly exceeding payment terms agreed with creditors.
- Issuing post-dated cheques: Using post-dated cheques to delay payments.
- Dishonoured cheques: Cheques issued by the company being dishonoured due to insufficient funds.
- Special arrangements with selected creditors: Making unusual payment arrangements with specific creditors to avoid default.
- Solicitors’ letters, summons(es), judgments or warrants issued against the company: Legal actions initiated by creditors due to unpaid debts.
- Payments to creditors of rounded sums which are not reconcilable to specific invoices: Paying arbitrary amounts to creditors rather than settling specific invoices.
- Inability to produce timely and accurate financial information to display the company’s trading performance and financial position, and make reliable forecasts: Lack of up-to-date and precise financial records to assess financial health and future performance.
These indicators collectively help in assessing whether a company is insolvent, emphasizing the importance of thorough financial monitoring and management.
12 Questions
https://www.facebook.com/groups/bossandthebrewer/posts/1249652153085163