One in six Yorkshire companies could be a ‘zombie business’
One in six (16%) companies in Yorkshire and the Humber is just paying the interest on its debts, rather than repaying the debt itself, according to new research from insolvency and restructuring trade body R3. This compares to 11% across the UK.
Only being able to pay the interest, not the original debt itself, is one potential sign of a so-called 'zombie business' - a company which is only surviving thanks to low interest rates but which otherwise might not be viable.
Zombie businesses are often linked to lower levels of produc... For the full story register now for free or login below...