Recession
A broad economic downturn marked by falling activity, which can put pressure on revenue, cash flow, borrowing and debt repayment.
Related terms
-
Financial distress
A position where debts, cash flow or financial commitments are becoming difficult to manage and action may be needed before the position worsens.
-
Cash flow
Money moving into and out of a business or household. Strong profit on paper does not always mean there is enough cash to pay bills when they fall due.
-
Zombie company
An informal term for a business that remains operating but can do little more than service debt and survive, with limited capacity to invest, grow or recover financially.
What’s your next step?
Get in touch with us at Bell & Company today to see how we can help