What are zombie companies? Just like the unfortunate creatures often seen lurching about menacingly in horror films, zombie companies are little more than a collective drain on the economy. They are unproductive corporate entities, which survive because of ultra-low interest rates and the forbearance of creditors. Zombie companies stop the clearing out of business dead wood, they hold back healthier
The last 18 months have been a challenging time for many SME business owners and directors. The pandemic has created unprecedented difficulties, leaving business owners buried in decision making and unsure of how to navigate this increasingly unknown territory. For many business owners, their personal wealth and retirement plans will be bound to their business’s financial position, making this challenging
Struggling companies, barely able to meet their debts and surviving only with the indulgence of their lenders and other creditors have long been an unwelcome negative feature of both the UK and the global economy. They distort competition, force down prices and keep precious financial resources from being allocated to healthier and more productive enterprises. We have carried research using
Limited liability arrangements have long been thought of as a secure way for a business owner or director to clearly separate and protect their personal wealth from their business liabilities. Unfortunately, over time, these protections have slowly eroded, leaving business owners and directors in a more uncertain and, given the current times, potentially volatile position, both for their business and
There are numerous challenges SME business owners are facing in the current economic climate. The turmoil of the pandemic, coupled with the upheaval of Brexit, have left business owners needing to deal with unprecedented problems all at once. Changeable markets, supply chain issues and cash flow concerns, alongside the increased liabilities from Bounce Back Loan repayments, HMRC arrears and pressure
A key market: The construction sector The construction sector is one of the UK’s most vital markets. Its importance in terms of its contribution to the efficient working of the economy far outweighs its 6% share of GDP. It employs some 2.3m people of around 7% of the total workforce. Strong initial bounce back in the pandemic After being badly
