COVID-19 - We are open for business and here to help ->

Translate this site

enzh-CNzh-TW

Covid-19 Update

The welfare of our clients and staff is always a key priority for Raeside Chisholm. In light of the current circumstances, we are continuing to offer a full range of services, but we are working remotely. You can contact us on 0141 248 3456 and one our solicitors will call you back if necessary, or you can contact us by email.”

Raeside Chisholm Solicitors

The directors of Raeside Chisholm are experienced solicitors who enjoy a deserved reputation in Glasgow and beyond for personal attention allied to a commitment to outstanding levels of quality legal services. For enquiries, please contact us on 0141 248 3456.
1 minute reading time (282 words)

Fewer Businesses Report Signs of Distress

New research by insolvency and restructuring trade body R3 has revealed a fall in the number of so-called ‘zombie’ businesses in the UK, and also in the number of companies reporting signs of distress. 

One of the signs that a company is a ‘zombie’ business is that it is only paying the interest on its debts, and the number of companies in this position apparently dropped to 3% in December from 5% in April this year.

R3’s December research also saw other signs of business distress fall back from a recent upward trend, with 16% of UK businesses reporting at least one of five problems (decreased profits, reduction in sales volumes, regular use of maximum overdraft, recent fall in market share, making redundancies).

In September 2017, 25% of businesses had reported one of these signs of distress, up from 20% in April 2017 and 21% in September 2016.

However, the research also found that levels of business growth remain flat and well below record highs. Around 55% of UK businesses report at least one sign of growth (increased sales volumes, increased profits, investing in new equipment, market share growth, business expansion) compared to the high of 69% seen in December 2015 and June 2016.

Businesses’ economic pessimism is apparently also continuing to rise, with 27% of businesses now more pessimistic than they were three months ago – the highest this figure has been March 2013. Around 40% of businesses are more optimistic than three months ago, but this is the lowest this figure has been since March 2013.

Contact Us

For expert legal advice on these issues, and other areas of corporate and commercial law, then contact our specialist commercial lawyers today.

Car Park Space Sales at Glasgow Airport
Commercial Assistant (NQ – 2 years' PQE) Vacancy

Online Enquiry

  1. Name(*)
    Please let us know your name.
  2. Email(*)
    Please let us know your email address.
  3. Daytime Tel. No.
    Please enter your daytime telephone number.
  4. Subject(*)
    Please write a subject for your message.
  1. Message(*)
    Please let us know your message.
  2. Please tick below for antispam verification (*)
    Invalid Input

Latest News

20 May 2020
Raeside Chisholm Solicitors News
Estate Agency

The Scottish Government are proposing a loan scheme to provide support for private Landlords covering 100% of the rental income from one property. 

18 May 2020
Estate Agency
The Royal Institution of Chartered Surveyors has urged the Scottish Government to give some clarity on restarting the house buying and selling process, including inspections and valuations. The RICS called on the UK Government last month to expl...
15 May 2020
Estate Agency
A research company has compiled a timeline of Coronavirus and Scotland’s property market from the introduction of social distancing measures in mid-March onwards.  This shows that although viewing and valuation requests began to slow from that p...
12 May 2020
Estate Agency
As we had indicated we believed was likely to be the case in a blog last month, we can confirm that Estate agents are reporting an increase in numbers of house hunters looking to escape the city to a rural area, as people have reached the conclusion ...
07 May 2020
Estate Agency
It is always interesting to see how different factors can affect property prices. Some data has now produced which shows that parents hoping to send their children to Scotland’s best state secondary schools face paying two thirds more for a house in ...
04 May 2020
Estate Agency
Aberdeenshire West MSP Alexander Burnett warns some movers may have bought new homes but been unable to sell their old ones before lockdown measures were introduced, and has called on the Scottish Government to introduce a grace period after lockdown...

As featured in

Latest Tweets

Connect with us

Recent Client Comments