the economy.

[smeeagain]

i hate to appear a bit dim, but what exactly is a "zombie" company ?

 

[sweynforkbeard]

i hate to appear a bit dim, but what exactly is a "zombie" company ?

Brain's faggots.
Romero's rentals

 

[smeeagain]

i hate to appear a bit dim, but what exactly is a "zombie" company ?

Brain's faggots.
Romero's rentals

thanks thats made it a lot clearer

 

[Blue Maverick]

I said when it went bump 5 years ago we were looking at least 15-20 years to get back anywhere near the levels of 2008. I'm sorry to say I think I might be right, can't see anyway out of this unless someone takes a leap of faith and stops all the cuts.

 

[bluegirl74]

i hate to appear a bit dim, but what exactly is a "zombie" company ?

a "zombie" company is one which is managing to stay alive by meeting its interest payments but not making any headway towards paying down its capital debts. it will be staying alive but not improving its net financial position.

ie, meeting current monthly or quarterly HMRC payments but not reducing historic debts, or paying interest only on bank loans but not making any contribution to the capital debt.

 

[andyhinch]

I've not worked for 4 months, I'm saying its shit.

 

[NipHolmes]

Love teh way Osbourne span it like it was down to him.
Lifting VAT to 20% slowed things.
Austerity, again slowed things.
Close to record unemployment
My local town centre seems like the reason for The Specials banger - Ghostown.

Things aren't quite as rosy as made out. If they were then I doubt we'd see this desperate statement.

 

[remember arthur mann]

I've not worked for 4 months, I'm saying its shit.

Been shit for the last 50 years but I thought you'd retired!

 

[Ducado]

I said when it went bump 5 years ago we were looking at least 15-20 years to get back anywhere near the levels of 2008. I'm sorry to say I think I might be right, can't see anyway out of this unless someone takes a leap of faith and stops all the cuts.

Well that does not chime with what I am seeing, there appears to be a lot of activity in construction at the moment, however at this stage it does not always translate into more jobs as companies have gotten used to working "leaner"

Incidentally I heard a little snippet on Radio 3 the other day saying that SME's are depositing far more money than they are lending, all it needs is a bit more confidence for them to start investing again, things are as gloomy as they were

 

[NipHolmes]

I said when it went bump 5 years ago we were looking at least 15-20 years to get back anywhere near the levels of 2008. I'm sorry to say I think I might be right, can't see anyway out of this unless someone takes a leap of faith and stops all the cuts.

Well that does not chime with what I am seeing, there appears to be a lot of activity in construction at the moment, however at this stage it does not always translate into more jobs as companies have gotten used to working "leaner"

Incidentally I heard a little snippet on Radio 3 the other day saying that SME's are depositing far more money than they are lending, all it needs is a bit more confidence for them to start investing again, things are as gloomy as they were

I think building/construction will properly kick-start next year when the 5% mortgages start on existing housing as opposed to overpriced newbuilds.

I know plenty of people who are waiting for it.

Anybody who's looking for a new career and has a clean criminal record should look into mortgage broking and attain a CeMap. It will be like serving pints at Wetherspoons, guaranteed custom.