Major restructuring projects in several restaurant and retail groups is expected to cost 3,600 jobs in the UK. The Restaurant Group, which owns Frankie and Benny’s will be responsible for up to 3,000 job losses after confirming plans to shut…
Despite a number of high-profile insolvencies hitting the headlines, new research shows that the number of company administrations in England fell 14% in the second quarter of the year. KPMG’s study of administration notices in the London Gazette showed that…
Landlords are fighting back against high street Company Voluntary Arrangements (CVAs), that allow retail and restaurant businesses to close stores and reduce rents. The CVA process was designed to help struggling companies avoid permanent insolvencies, but there is a growing…
Intu, the shopping centre chain that owns the Trafford Centre, saw its shares tumble 9% this week following a tough year in the retail sector. The retail landlord â which was the subject of two failed takeover bids last year…
A former retail chief has warned that British town centres are in danger of becoming ‘ghost towns’ if immediate action isn’t taken. Bill Grimsey, who previously headed up Wickes, Iceland and Focus DIY, suggested that town centres can no longer…
Earlier this month, House of Fraser joined a growing list of British retailers and restaurant chains turning to a Company Voluntary Arrangement (CVA) to manage their debts. A CVA is a type of insolvency process that allows businesses to pay…
The British Retail Consortium (BRC) say that retailers have “cause for concern” in the run-up to Christmas as sales of non-food items grew at the slowest rate since records began. Non-food sales rose by just 0.2% in the year to…
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 Linkâ¨
Wilmslow
Cheshire
SK9 1DP
Monday - Friday (closed bank holidays)
8.30am - 5.30pm
