North home to thousands of 'zombies' - R3
3rd August 2012
INSOLVENCY experts believe as many as 22,000 firms are "zombies" teetering on the brink of going out of business.
Research by insolvency trade body R3 suggests one in 20 are only able to pay the interests on their debts but not reduce the debt itself.
Robert Adamson, chair of R3 in Yorkshire and partner at Mazars, said: "While this is lower than the national average of 8%, it is still a staggering number. The implication he......for the full story register now for free or login below...
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