UK’s ‘zombie’ firms will be wiped out by interest rates, says insolvency specialist
by Julia Kollewe from on (#6CW9P)
Begbies Traynor's profits leap 50% as insolvencies in England and Wales hit a 24-year high
Britain's debt-laden zombie" companies are expected to be wiped out by the surge in interest rates, an insolvency specialist has predicted.
Begbies Traynor, a business recovery and financial consultancy, has said all of the nation's zombies - companies struggling to service debts that have avoided bankruptcy through cheap borrowing costs - will have failed by the end of next year.
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