14th February 2019
Construction industry worst hit by insolvencies in 2018

Construction industry worst hit by insolvencies in 2018

The construction industry was the worst affected by company insolvencies in 2018, with almost 3,000 companies unable to pay their bills. This is a 12% increase on the previous year. A total of 2,954 construction […]
11th February 2019
When a company is insolvent, directors have a legal responsibility to take action.

Company Voluntary Arrangement vs. Administration: What’s Right For Your Business?

When a company is insolvent, directors have a legal responsibility to take action. At this point, the directors should approach a Licensed Insolvency Practitioner who will advise them on the best course of action. Depending […]
5th February 2019
Household spending, Borrowing, Personal insolvency, Prices,

Families Borrowed More to Spend an Average £570 per Week in 2018

Average weekly household spending climbed to £572.60 in 2018, the highest level since 2005. But statistics from the Office for National Statistics reveal that families had to borrow more or use up savings to fuel […]
28th January 2019
One-in-Ten Firms Could Be ‘Zombie Businesses’

One-in-Ten Firms Could Be ‘Zombie Businesses’

More than one-in-ten (11%) UK firms are only paying the interest on their debt, rather than the debt itself, which is one sign of a ‘zombie business’ according to restructuring trade body R3. Zombie businesses […]
27th January 2019
Average Household Debt Hits Record £15,400

Average Household Debt Hits Record £15,400

Unsecured household debt has risen to a fresh peak, with debt per household reaching £15,385, according to analysis by the TUC. The trade union group claims that government austerity and years of wage stagnation are […]
22nd January 2019
Paperchase Seeks CVA Advice Sparking Store Closure Concerns

Paperchase Seeks CVA Advice Sparking Store Closure Concerns

Upmarket stationary retailer Paperchase has reportedly called in advisers to explore a potential Company Voluntary Arrangement (CVA) that would help the company cut costs. The Telegraph reports that the chain, which has outlets across Greater […]
21st January 2019
Get advice on personal debt today. Call Umbrella.uk: 0800 611 8888.

Pay Off Christmas Credit Card Debt Fast

Credit card debt can pile up quickly, particularly around expensive times of year like Christmas. As statements from the festive period begin landing on doormats, we take a look at how you can pay off […]
14th January 2019
Best Money Management Apps to Get Debt Free in 2019

Best Money Management Apps to Get Debt Free in 2019

Best Money Management Apps to Get Debt Free in 2019 Are you struggling to balance the books each month? Want to turn your financial fortunes around in 2019? Fortunately, there are some technological solutions that […]
12th December 2018
when is a business insolvent cash flow-01

When is a Business Insolvent

Insolvent companies are threatened by closure. Furthermore, directors that continue trading while a company is insolvent can be accused of wrongful trading and may be banned from barred from setting up or running another company […]
12th December 2018
Four Ways to Tackle Credit Card Debt

Four Ways to Tackle Credit Card Debt

Racked up big credit card debts in the last few months and worried about how you will pay them off? Here are our top tips to help you get back on top of the plastic. […]