What is a “Zombie Company” and how is this affecting the current economic climate? - 19th November 2013
Taz Rashid, Partner and Licensed Insolvency at Kingsland Business Recovery has seen from recent media coverage and from the tabloids that there has been a focus on Zombie Companies and that they are holding back the growth of the country’s economy.
Pre-packs have become a familiar heading for tabloids in recent times, mainly associated to the collapse of some of the major high street retailers which includes brands the likes of United Carpets, Game, Peacocks, Blacks Leisure, La Senza and Firetrap.
You may therefore ask what is a Pre-pack?