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Making the decision to close a business is never easy, particularly when it has been built with ambition, personal investment and a significant commitment of time. For many directors, it represents the end of something they had hoped would thrive. One client recently reflected on this by saying, “I really do appreciate your help, support, […]
In insolvency, conversations are rarely easy. Delivering difficult news can be challenging for all involved, and we recognise the importance of approaching every situation with care and professionalism. Following one particularly sensitive matter, a local creditor impacted by a company going bust reflected on their experience by saying, “You are what they say – a […]
Navigating financial pressures can be overwhelming, particularly when difficult decisions need to be made quickly. In one recent case where a director was supported to avoid an insolvency process, they shared, “I just wanted to say thank you for your guidance and help,” following the successful outcome of a Court Order to withdraw a winding […]
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My name is Ioana Patrascu and I joined BRI as a Trainee Administrator in February 2025. Approximately two years ago in August 2024, I made a life-changing decision to pack up my life in Romania and to move to the UK permanently. The main reason was to be with my long-term partner. We have been […]
A Creditors’ Voluntary Liquidation (CVL) provides a structured and legally compliant way to close down a company that can no longer meet its financial obligations. At BRI Business Recovery and Insolvency, we’re a team of expert insolvency practitioners. We know that when a company finds itself in a difficult position financially it can be unsettling […]
When a client tells you they can’t make payroll, your role as their accountant suddenly becomes more difficult. You need to work out whether you’re looking at a short-term cash-flow problem that can be resolved, or something more fundamental that could put the future of the business at risk. It is a situation accountants can […]