Whilst many know what Zombie companies are, how they are created and why they are a problem for both the economy generally and can be for their Directors. In this article, we look deeper into the problem. How many UK Zombie companies are there and what are the financial parameters of this phenomenon? The size of the UK Zombie company
Whether you are a small to medium sized enterprise or a larger corporate entity, the last 2 years have been challenging for everyone with some sectors faring better than others. Even if in the same sector, every situation is very different. The key, when identifying business challenges, is to seek advice as soon as possible, as time can often be a
The furlough scheme ended in September 2021 and from then on, creditors were once more able to issue Winding Up Petitions to recover outstanding debts. The last of the UK government’s extraordinary £300bn plus Coronavirus support for businesses was finally withdrawn at the end of March 2022, when landlords could once more enforce rent arrears (with some minor exceptions). So
As the Coronavirus outbreak morphed into a once-in-a-century pandemic in early 2020, governments all round the world started to pour unprecedented sums into their economies in a frantic effort to support individuals and prevent viable businesses from filing for insolvency prematurely. The UK provided a boost of well over £300bn through a bewildering variety of schemes. Over two years on,
The pandemic brought huge disruption to businesses of all shapes and sizes; over the least two years, their staff have had to endure once-in-a-career disruption as business model wheels had to be re-invented at warp speed. Loyal employees were put on furlough for extended periods and sometimes asked to make great financial sacrifices, or else they were plunged into working
We reported in detail on the finances and risks in the food and beverage sector in early December 2021, just as the Omicron variant was emerging as the latest wave of the pandemic. With the exception of the travel industry, no UK sector has suffered more disruption and commercial damage than our pubs, clubs, bars and restaurants. Four months on,
