Zombie companies Skewing Insolvency Figures

Zombie companies Skewing Insolvency Figures

Despite figures showing that the number of companies entering insolvency is decreasing, the figures could be skewed due to the increasing number of zombie companies according to insolvency specialists R3.

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Sharp Rise in Number of ‘Zombie Businesses’

Sharp Rise in Number of ‘Zombie Businesses’

There has been a large increase in the number of ‘zombie businesses’ in the UK, according to recent research by insolvency trade body R3.

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Zombies and the debt arrangement scheme

Zombies and the debt arrangement scheme

With a proposed new Business DAS  being looked at by the Accountant in Bankruptcy it’s interesting to read differing viewpoints.  In one article I read recently the author compared sole trader and partnership businesses in a DAS to 'Zombie Businesses' as effectively they are continuing to trade but without the ability to obtain further credit etc. they are, according to him, the 'Walking Dead' in business terms.

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