Insolvency guides for directors

Welcome to our guides hub. This area is full of free, valuable and insightful information for company directors and partners.

What is a Director’s Personal Guarantee?

As a company director, some lenders, suppliers and landlords may ask you to sign a Personal Guarantee (PG).

CCJ Enforcement Options Umbrella Insolvency

County Court Judgment (CCJ) Enforcement Options

Have you had a CCJ registered against your Company? If so, how do you protect your company from enforcement of that CCJ?

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Get Back to Business

A guide from R3 to dealing with corporate financial distress Act early. Seek advice and get back to business.

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Guide to Avoiding Insolvency

This guide will help you diagnose any financial problems in your company and take action to avoid insolvency before it is too late.

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What is the Bounce Back Loan Scheme (BBLS)

The Bounce Back Loans (BBLS) are loans of up to £50k, 100% backed by the government, with no personal guarantees and quick and easy to apply for.

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What is an MVL?

Depending upon how much cash there is left, using a Members’ Voluntary Liquidation (MVL) could be the most tax-efficient way to close your company and save you thousands of pounds.

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What is a CVL?

A CVL is a formal process for voluntarily winding up a company when it is insolvent.

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What is a CVA?

A Company Voluntary Arrangement (CVA) is an alternative to liquidating your company allowing it to trade out of its financial difficulties over a specified period of time

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What a winding up petition means for your business Umbrella insolvency

What does a Winding Up Petition mean?

Having a winding up petition served against your business doesn’t have to mean the end of the road for your company, but you do need to act quickly.

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What is company administration umbrella insolvency

What is Administration?

Administration is a formal procedure in which an Insolvency Practitioner can be appointed to take control of the company’s affairs whilst a plan to rescue, sell or liquidate the company is prepared.

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Fee Guides

The shareholder and creditor fee guides can be found in our Resources hub.

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What our clients say

I engaged Umbrella accountants to oversee a Members Voluntary Liquidation for the small consultancy business I've been running. The team talked me through the MVL process, steps and requirements. The paperwork involved was well explained and straightforward, with the initial disbursement of funds handled very quickly and professionally under tight deadlines.

Brendan N,
I extend my appreciation of your professional efficiency in handling my company business and herewith say thank you.

Maxine R,
Umbrella.UK Insolvency guided me as sole Director of my small limited company, and the shareholders, through every step of a Members Voluntary Liquidation in a very efficient manner. The steps required were clearly laid out and proactively managed by their licensed practitioner. From first meeting through to an interim distribution of funds to shareholders took only a few days in our case. Thereafter, Umbrella will be managing all of the downstream actions required to complete the process with HMRC and Companies House, through to the final discharge of the company.

Alex O,