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The cash flow of Australian businesses is expected to remain under pressure during 2011, with new research revealing that the number of firms with outstanding debts increased during the December quarter 2010.
The latest business payments research from Dun & Bradstreet reveals that an additional four percent of Australian firms failed to pay their trade credit accounts during the December quarter 2010 compared to the prior year. Alarmingly, the number of entities with severely delinquent accounts (90+ days past due) increased by more than seven percent.
Source: Dun & Bradstreet Australia