Business Debt

Umbrella offers a range of clear and confidential services to businesses struggling to pay their debts.

Is your business struggling to pay debts on time?

Have you received a demand from creditors and not sure which way to turn?

Has a bad debt or another one-off event led to short-term financial difficulties? Struggling to clear historic arrears?

Whatever scenario your business is facing, we have a range of options to help you tackle the financial problems. The sooner you act, the sooner we can help you put your company on the right path.

A lot of business clients are surprised by the range of viable options that are open to them. We can often help you keep trading if that’s what you want.

Our business debt solutions:

Business debt solutions

Members’ Voluntary Liquidation (MVL) is a formal process whereby shareholders willingly decide to wind up a business in order to distribute assets between the members. Umbrella.uk will help you ‘realise’ the value of the company’s assets and distribute them equitably.

Find out more about Members Voluntary Liquidation

Creditors Voluntary Liquidation (CVL) is a formal process for voluntarily winding up a company when it is insolvent (defined as when a company cannot pay its debts as and when they fall due or where its liabilities exceed its assets).

Umbrella.uk can take control of the company’s affairs ensuring that all matters are dealt with in a professional and timely manner .

Find out more about Creditors Voluntary Liquidation

With a Company Voluntary Arrangement (CVA), an insolvent company can reach an agreement with commercial creditors to repay all or part of a debt in an agreed period. The legal agreement can reduce repayments, improve cashflow and stop creditors from hassling you.

Similar to an Individual Voluntary Arrangement for personal consumers, a CVA can help an insolvent company tackle their debt problems in a productive way.

Find out more about Company Voluntary Arrangements

Administration is a formal procedure in which an Insolvency Practitioner can be appointed to take control of the company’s affairs whilst a plan to rescue, sell or liquidate the company is prepared.

This professional intervention can help relieve financial pressures being felt by the business.

Find out more about Administration

Umbrella’s team of experts have a broad range of experience in commercial liquidations. For a free and strictly confidential consultation contact a member of the team. Call: 0800 611 8888 or email us.