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CreditorWatch Blog

What are zombie companies and how do you identify them?

What are zombie companies and how do you identify them?

Reading Time: 4 minutes The term ‘zombie company’ has been around since the late ’80s when the Japanese economy collapsed, and banks propped up many large corporations that would have otherwise failed. It has come to refer to any business that is so debt laden that it is only able to pay the interest on its loans, not the […]

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Legislation introduces Director Identification Numbers in push for modernising data

Legislation introduces Director Identification Numbers in push for modernising data

Reading Time: < 1 minute How will this change impact you? Legislation introduced in the House of Representatives on February 13 has the aim of modernising business data and introducing Director Identification Numbers (DINs). Currently, data is stored in various systems across different departments and agencies. As a result, registrants bare the inefficiency of a cost burden when meeting their […]

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