Now we’ve heard it from the Bank of England that “zombie” companies are a drain on capital. So what should you advise a client that is running a zombie firm? After all, it may well be “their baby” and is most likely providing them with an income. I have given this problem thought for some time, especially in my voluntary work as a business adviser. Nearly all zombie owners are depserate for a solution that releases the debt pressure from them, so why not suggest turning it into a “not for profit company” by bringing in social investors and negotiating with the lenders. If you can pull it off it safeguards jobs, allows for growth and gives the former owner something to aim for. Surely, it’s a win-win all round.