The number of outstanding invoices owed to businesses based in the North West has increased again in May, according to analysis from R3. Analysing data provided by Creditsafe, R3 found that the number of invoices past the payment deadline on…
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 year, insolvencies were at their…
Insolvency industry trade body R3 (Rescue, Recovery, Renewal) has called on the government to do more to help struggling directors seek qualified help earlier. Seeking help earlier can expand the number of options that are open to a business in…
A significant majority of restructuring and insolvency professionals expect the number of company insolvencies to increase, according to a survey conducted by insolvency trade body R3. A whopping 94% of corporate insolvency and restructuring experts polled by the organisation said…
Government plans, confirmed in the latest Finance Bill, to make HMRC a preferential creditor in company insolvencies are a ‘bad deal’ for businesses and the taxpayer, according to insolvency and restructuring trade body R3. The Government looks set to go…
New research from insolvency trade body R3 shows that three in ten (28%) of British adults ran a deficit budget in the past month, spending more than they earned in income. In yet more evidence of the financial vulnerability of…
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 – companies that can cling…
Our friendly and experienced insolvency team is here to help you find the right way forward. Whether your business is facing financial pressure, creditor or HMRC issues, or you’re considering closing your company, we’ll provide clear, confidential guidance and practical support every step of the way.
Call 01625 546 240 now or request a callback from a Licensed Insolvency Practitioner below.*
Main Office: 01625 546 240
E-mail: contact@umbrella.UK
Fax: 01625 522 572
Umbrella.UK Insolvency
Bollin House
Bollin Link
Wilmslow
Cheshire
SK9 1DP
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