Business debt Archives - Umbrella.uk Insolvency. Company closure and business rescue and recovery experts.

12th September 2024

A Business Owner’s Guide to Protecting Personal Assets During Corporate Insolvency

Insights from Tom Fox, Head of Insolvency and Licensed Insolvency Practitioner at Umbrella.UK Insolvency “Running a business comes with plenty of highs and lows. But when the lows hit harder than expected, and insolvency becomes […]

31st July 2024

What Are Your Options If Your Business Is in Debt?

Running a business often comes with financial hurdles. If have business debt, knowing your options can save you from insolvency. Act Early to Avoid Insolvency Improving cash flow and cutting overheads early can prevent debt […]

26th March 2024

Why HMRC Takes Priority Among Creditors – Insights for Business Owners

In the intricate world of business finance, navigating creditors and debts can be overwhelming. But there’s one creditor that stands out among the rest in the UK: HMRC. Why does HMRC consistently claim the top […]

16th January 2024

Securing Your Business Future – The Importance of Early Professional Insolvency Help in Cheshire

Running a small business in Cheshire can be a rewarding experience, but it comes with its own set of challenges. One such challenge is the looming threat of insolvency, which can be particularly daunting for […]

20th December 2023

Growing challenges for business owners as closures are now higher than startups!

In a notable shift, Umbrella.UK Insolvency reveals that, for the first time in 13 years, business closures in the UK have surpassed business openings. The recently published data from the Office for National Statistics indicates […]

16th November 2023

Navigating the Rising Tide of Insolvencies: Insights from Tom Fox

In the current economic landscape, a concerning trend is unfolding as the number of businesses facing insolvency rises, potentially steadily reaching levels not seen since the financial crisis of 2009. Over the last three months […]

1st November 2023

Unlocking the Secrets of Company Restoration After Being Struck Off

In the business world, sometimes it’s necessary to bring a company back to life even after it has been struck off. This process of company restoration is like breathing new life into a dissolved entity. […]

17th July 2023

Why Are HMRC A Priority Creditor Umbrella.UK Insolvency web

17th July 2023

HMRC: The Creditor You Can’t Afford to Neglect

Why Are HMRC A Priority Creditor? “It is crucial for businesses to understand the gravity of prioritising payments to creditors during times of financial distress,” says Tom Fox, Licensed Insolvency Practitioner at Umbrella.UK Insolvency. “While […]

3rd July 2023

Wejo files notice to enter administration: What next for Manchester tech giant

A Manchester-based technology company, valued at $800 million in 2021, has filed an 3rd notice of intention to enter administration. This follows notices filed at the end of May and in the middle of June. […]

28th June 2023

Can you close a company with an outstanding Bounce Back Loan Umbrella.UK insolvency

28th June 2023

Can you close a company with an outstanding Bounce Back Loan? Will Bounce Back Loans be written off?

The government backed Bounce Back Loan Scheme helped many businesses stay afloat during the coronavirus pandemic. But ongoing business challenges, like the cost of living crisis, mean that many businesses are struggling to repay these […]