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 The last of the UK government’s extraordinary £300bn plus Coronavirus support for businesses was finally withdrawn at the end of March 2022, when landlords could once more enforce rent arrears (with some minor exceptions).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
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,
Many businesses use temporary labour from specialist labour supply companies, whether they are in agriculture, food processing, construction, healthcare or other sectors. Statistics from the Office for National Statistics published in Q3 2021 showed that the temporary labour market had grown by 5% in the previous twelve months. The use of umbrella companies as the conduit for filling temporary vacancies
The end of the ban on Winding Up Petitions One of the key measures in the government’s attempt to protect businesses badly affected by the pandemic was to insulate them from being wound up by unpaid creditors. There was a total ban on the issuing of a Winding Up Petition (WUP) from March 2020 to September 2021 and then a
