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

29th March 2023

Government starts fresh crackdown on Covid loan fraud

A new law will make it easier for tax authorities to investigate and prosecute directors that fraudulently claimed government support during the coronavirus pandemic. The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act could also […]

31st March 2022

What’s next now commercial rent protection ends umbrella insolvency web.png

31st March 2022

Arbitration and enforcement: What’s next now commercial rent protection ends

Businesses that built up rent debt during the Covid-19 crisis were – until last week – protected from creditor enforcement action. Businesses including pubs, gyms and restaurants have built up an estimated rent bill of […]

1st February 2022

Company insolvencies surge late in 2021

A record number of English and Welsh companies entered insolvency in the final quarter of 2021 as key coronavirus support measures were lifted. With 4,627 companies entering insolvency in the final three months of the […]

30th September 2021

Contractors: How a CVL can end your debt spiral

More contractors are facing financial difficulties due to the pandemic, Brexit and recent changes to IR35 rules. Many contractors have seen a reduction in business over the last few years. Limited company contractors also did […]

10th August 2021

Has Covid created a generation of zombie companies?

Almost everyone would agree that government support given to companies and individuals during the coronavirus pandemic was necessary and right. However, some experts have expressed concern that the support has led to the creation of […]

1st July 2021

New Guide for Directors of Companies in Financial Distress

Company insolvency and restructuring trade body R3 has produced a new guide for directors with companies in financial distress. The guide has been produced as part of R3’s post-pandemic Back to Business campaign, which has […]

24th June 2021

Government extends business creditor insolvency measures

A series of measures to support businesses through the coronavirus pandemic are set to be extended again. Measures designed to protect companies from aggressive creditor enforcement were due to finish at the end of June […]

12th March 2021

Budget 2021: Bold enough to save British business?

Critical problems call for bold solutions. For British businesses, problems don’t come much bigger than the coronavirus pandemic that has plagued the UK for close to a year now. Last year, decisive policies such as […]

2nd March 2021

Coronavirus support: MPs call for HMRC to refund small businesses

An influential panel of MPs has called on Rishi Sunak to introduce tax refunds for any small businesses and the self-employed workers that have incurred losses due to Covid. Ahead of the Chancellor’s Budget on […]

25th February 2021

Government support keeping companies afloat, despite coronavirus

The number of companies pursuing insolvency action in January 2021 was more than half the corresponding number for January 2020, despite the impact of the coronavirus pandemic. Just 752 registered company insolvencies took place in […]