14th August 2018

How much are IVA payments

Is your debt pile weighing you down? An Individual Voluntary Arrangement (IVA) gives you the opportunity to pay back what you can afford. With an IVA, you consolidate all of your qualifying debts into one […]
7th August 2018
Rate Increase: How it Will Affect Your Debt

Rate Increase: How it Will Affect Your Debt

The Bank of England increased its base rate of interest from 0.5% to 0.75% last Thursday. The move will impact on borrowers and savers. The base rate is the Bank of England’s official borrowing rate […]
6th August 2018
Don’t be fooled by dip in corporate insolvencies

Don’t be fooled by dip in corporate insolvencies

New Government figures show that the number of company  insolvencies fell by 12.4% in the second quarter of the year compared with the first. Evidence from the previous year, however, suggests that this could just […]
31st July 2018
Households spend more than they earn for first time in almost three decades

Households spend more than they earn for first time in almost three decades

Taken collectively, UK households spent more than they earned in 2017. It is the first time that household have ‘lived beyond their means’ in this way for almost thirty years. The data from the Office […]
19th July 2018
CAU Restaurants Close as Gaucho Enters Administration - Wilmslow

CAU Restaurants Close as Gaucho Enters Administration

Gaucho, which owns the CAU chain of grill restaurants, today became the latest victim of the casual dining crunch as the firm entered administration. The firm announced its intention to close all 22 branches of […]
18th July 2018
Personal guarantee: What it means during a company insolvency

Personal guarantee: What it means during a company insolvency

When you’re seeking finance for your limited company, personal guarantees can be difficult to avoid. Banks and other lenders often insist on a personal guarantee. And if your limited company gets into financial difficulty, you […]
11th July 2018
Umbrella Insolvency are corporate insolvency specialists. For advice, call: 0800 611 8888.

Town centres risk becoming ghost towns

A former retail chief has warned that British town centres are in danger of becoming ‘ghost towns’ if immediate action isn’t taken. Bill Grimsey, who previously headed up Wickes, Iceland and Focus DIY, suggested that […]
11th July 2018
Citizens Advice Stockport opens new call centre

Citizens Advice Stockport opens new call centre

Citizens Advice Stockport CAS has opened a new call centre offering over the phone advice on debt, benefits and other issues to Stockport residents. The organisation’s chief executive claimed that the move will help meet […]
27th June 2018
Late and non-payment of invoices continues to hamper small subcontractors in the construction industry, according to new research from Bibby Financial Services (BFS).

Construction subcontractors write of £2.8bn of ‘bad debt’

Late and non-payment of invoices continues to hamper small subcontractors in the construction industry, according to new research from Bibby Financial Services (BFS). The multinational company found that UK subcontractors write off around £2.8bn in […]