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As insolvency practitioners, our role goes beyond providing advice – we also offer comprehensive support to our clients throughout the process. So, it was rewarding to receive some positive feedback from two directors after successfully concluding the solvent liquidation of their company. It’s satisfying to know that our efforts helped guide them through a smooth […]
“I felt compelled to send this email after several conversations recently when you have time and time again been such a help in the liquidation of my company. After 25 years, coming to terms with the fact that my business could no longer continue was traumatic to say the least, and the knowledge that this […]
Liquidations are a complex process in that the Insolvency Act 1986 has the exact same provisions and processes for both a public limited company (listed on the Stock Exchange) and small companies with two directors and shareholders. We appreciate that directors are not familiar with the legislation and the various technical hoops a company must […]
News & Events
A licensed Insolvency Practitioner, often referred to as an IP, is authorised to act in relation to an insolvent individual, partnership or company. IPs must follow the law, Statements of Insolvency Practice and other guidance issued by key stakeholders. The work of IPs is monitored by regulators to make sure they adhere to all of […]
At BRI Business Recovery and Insolvency, we were introduced by an accountant regarding their client, a UK supplier of Colombian coffee. The Coffee distributor had been trading since 2010 and only had one supplier of stock; they had been the sole supplier since incorporation. Coffee Company Faces Difficulty The Company traded successfully for 14 years […]
The liquidation of a company is a legal process in which a liquidator is appointed to “wind up” the affairs of a company. There are two types of liquidation: Compulsory liquidation Creditors’ voluntary liquidation (“CVL”) At BRI Business Recovery and Insolvency, we work with clients through either restructuring or the insolvency process to help them […]