18th September 2018
Unilad Faces HMRC Insolvency Action

Manchester Viral Publisher Unilad Faces HMRC Insolvency Action

The student-friendly Facebook publisher Unilad has been hit with insolvency proceedings following a demand by HMRC. The taxman issued Unilad’s parent company with a winding-up petition in July, which is due to be heard in […]
10th September 2018
Rising costs and stiff competition has already lead to Prezzo, Carluccio’s, Byron Burgers and Jamie’s Italian seeking CVA deals.

Gourmet Burger Kitchen Considering CVA

Gourmet Burger Kitchen is just the latest restaurant chain to hire restructuring advisers and is reported to be looking into new rent agreements and restaurant closures, which could result in a Company Voluntary Arrangement (CVA) […]
6th September 2018
Do I still have to pay back my Wonga loan?

Do I still have to pay back my Wonga loan?

Do I still have to pay back my Wonga loan? Payday lender Wonga went bust last week, following a flurry of compensation claims and a government clampdown on high interest lenders. A statement from the […]
28th August 2018
Are you struggling with business debt? Speak to a corporate debt adviser today. Call: 0800 611 8888.

Carillion Run Like a Ponzi Scheme Says Former Chief Auditor

When Carillion collapsed in January, the outsourcing company left tens of thousands of suppliers and sub-contractors with unpaid invoices. In total, the Carillion had more than seven billion pounds in liabilities when it went bust. […]
28th August 2018
Homebase Macclesfield and Warrington to Close Following CVA

Homebase Macclesfield and Warrington to Close Following CVA

Homebase Macclesfield and Warrington to Close Following CVA Two Homebase branches are set to close in the North West as the struggling DIY retailer tries to make savings following a Creditor Voluntary Arrangement (CVA). If […]
23rd August 2018
A-Level Results: Can My Son or Daughter Afford University?

A-Level Results: Can My Son or Daughter Afford University?

Their A-Levels are in, they got the grades, but for some households, there is one glaring problem. The cost. Can your son or daughter afford to go to university? Your son or daughter can increase […]
23rd August 2018
Tom Fox, Umbrella Insolvency’s Licensed Insolvency Practitioner said: “Whatever the individual reasons were for Poundworld’s demise, their quick fall from grace should be viewed as a warning to the rest of the retail sector.

Poundworld closes its doors

Budget retailer Poundworld has closed it’s final stores after the chain fell into administration in June. Despite several rescue attempts, Deloitte announced that the chain would close all of its 335 shops, resulting in the […]
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 […]