References

Numbered references for /wayfinder/refs/working-capital-cash-squeeze:

1. business.govt.nz — Managing your working capital (working capital requirement, cash conversion cycle formulas).

• business.govt.nz — business.govt.nz/news/managing-your-working-capital

2. Stats NZ Business Performance Benchmarker (industry working capital and debtor-day benchmarks).

• Stats NZ — stats.govt.nz/tools/data-for-business

3. Reserve Bank of New Zealand commentary on SME working-capital borrowing (retail, wholesale, hospitality inventory and receivables scaling).

• Reserve Bank of New Zealand — rbnz.govt.nz

4. Companies Act 1993 director duties (solvency-adjacent scope-stop context).

• Companies Act 1993 — legislation.govt.nz

5. Xero Analytics Plus / Syft integration documentation (cash-flow forecasting capability, subject to refresh as features ship through 2026).

• Xero — xero.com