Waking up from a bad dream: What’s next for Britain’s zombie companies?
The third quarter of 2013 saw the first signs of a solid recovery in the UK, and with it a robust debate, played out in the financial and business press, about the existence and prospects of so-called ‘zombie’ companies.
Believers claim there are between 150,000 to 430,000 such companies in the UK – unable to create value and grow, yet somehow surviving thanks to banks’ forbearance and low interest rates. Doubters point to a massive shake-out of the UK’s weakest and most over-indebted businesses over the last few years, including a raft of ‘hidden’ insolvencies that are not reflected in national statistics. They warn against mistaking the ‘simply ill’ for the ‘living dead’.
Whilst a more solid recovery emerge, some claim the zombie menace never existed, others that it is a thing of the past – while others still warn of a string of tedious sequels. Or perhaps it is the practice of insolvency and resolution itself that is changing.
We have invited country’s top economists, credit rating agencies and turnaround professionals to explore the following:
Who the event is for
This event will be of interest to senior staff in financial services, CFOs and Finance Directors of small and medium sized enterprises (SMEs), practitioners, representatives of business associations as well as those in government, public policy and the economics profession who have an interest in the micro-economics of the recovery.
This is the first ACCA event to be entirely conceived and co-ordinated using Twitter, and its Twitter hashtag will be #zombiedebate
|Date:||19 Nov 2013|
|Duration:||18:00 - 21:30|
Institute of Directors,
116 Pall Mall
|London SW1Y 5ED|
|Type of Event:||Corporate Sector / Financial Services Network event|
|Booking:||Event outline & booking information|
*CPD Units are only verifiable if the event attended provides skills and/or knowledge relevant to your job or career aspirations.
|For further details please contact Milana Fomina on e-mail firstname.lastname@example.org|