"Zombie" Businesses are Likely to be Increasing
Anecdotal evidence from insolvency practitioners and accountants is that so-called “zombie” businesses in Australia are increasing. Certainly it’s Macks Advisory’s impression that the number of such businesses in this country, appearing to be alive but continuing to function primarily by merely paying the interest on loans, paying tax on re-payment terms, is rising in similar proportion and for the same reasons indicated by UK statistics. Read More
