Accountants stuck in ‘night of the living dead’

An increasing number of firms have seen profits decline to such an extent that they exist merely to pay off their debts and survive. Is the UK overrun with ‘zombie businesses’?

There are currently 52 UK based accountancy and bookkeeping companies posting growing losses and, despite the obvious freeze in the credit markets, increasing their debts, according to the latest Plimsoll Industry Analysis study.

Continued...

» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.

Comments
jasonholden's picture

Would you let them advise you?

jasonholden | | Permalink

And these firms are supposed to give 'business advice' are they ... Very scary!

Jason

Holden Associates