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News - 8 October 2014

Zombie Businesses on the rise.


Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“Zombie businesses are defined as those who can only really afford to repay the interest on their borrowings rather than pay off the debts themselves. Because of this, they are the most vulnerable when interest rates rise.”

Interest rates have been at the record low of 0.5% since 2009. However, the number of Zombie businesses in the UK has risen from 103,000 in November 2013 to 154,000 in August 2014, making this a very exposed sector of the economy.

In a recent survey, 64,000 businesses say that they struggle to repay debts when they fall due and 135,000 businesses are currently negotiating pay terms with creditors.

These figures demonstrate that, despite the economy looking brighter, there are still serious cash flow concerns for some.

If you need any help and advice on Management Accounts, Budgets and Cash Flow Forecasts, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar NOW to discuss how ABDS can help in all your financial planning.


ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients and
mindful of their long term strategic goals

Helping Your Business is Our Business

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