BatB 129 – Brewski & Beer Baron Close, Beer Cartel Sale, Buddy’s Beers and Sauce Crowdfunds

The Boss and the Brewer
The Boss and the Brewer
BatB 129 - Brewski & Beer Baron Close, Beer Cartel Sale, Buddy's Beers and Sauce Crowdfunds


  1. Brewski To Close After A Decade Of Beers – 
  2. Just Wines Buys Beer Cartel And Brewquets – 
  3. Brew Baron Closes – 
  4. Buddy Kicks Carbs Not Beers – 
  5. Sauce Brewing Crowdfunding

Hendo Reacts

Insolvency Indicators

The 14 potential indicators of insolvency set out in the matter of ASIC v Plymin are:

  1. Continuing losses: Ongoing financial losses indicate a lack of profitability and cash flow to meet obligations.
  2. Liquidity ratios below 1: Indicates that current liabilities exceed current assets.
  3. Overdue taxes: Unpaid taxes suggest cash flow problems and prioritization of other payments over government obligations.
  4. Poor relationship with present bank: Difficulty in maintaining good terms with banks or financiers.
  5. No access to alternative finance: Inability to secure additional funding from other sources.
  6. Inability to raise further equity capital: Challenges in obtaining additional equity investments.
  7. Suppliers placing the company on cash on delivery (COD) terms: Suppliers demand immediate payment rather than offering credit terms.
  8. Creditors unpaid outside trading terms: Regularly exceeding payment terms agreed with creditors.
  9. Issuing post-dated cheques: Using post-dated cheques to delay payments.
  10. Dishonoured cheques: Cheques issued by the company being dishonoured due to insufficient funds.
  11. Special arrangements with selected creditors: Making unusual payment arrangements with specific creditors to avoid default.
  12. Solicitors’ letters, summons(es), judgments or warrants issued against the company: Legal actions initiated by creditors due to unpaid debts.
  13. Payments to creditors of rounded sums which are not reconcilable to specific invoices: Paying arbitrary amounts to creditors rather than settling specific invoices.
  14. 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