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 […]
Here at BRI we make sure to deliver on time and on budget. Below are just a sample of a few comments from satisfied clients who entrusted BRI with their company liquidations prior to the recent Labour budget: “Thank you to your team, they have worked so efficiently and really made the effort to ensure […]
“I have worked with John now on several occasions and have found him to communicate to an exceptionally high standard and always in a calm, professional and well considered manner regardless of the value, volatility or impact. He is able to put people at ease and make sure the key tasks and objectives are known […]
Insolvency in business refers to a financial state where a sole trader or organisation is unable to meet its debt obligations as they become due. Insolvency in business indicates a situation where the liabilities of a business exceed its assets or where the business cannot generate sufficient cash flow to cover its financial commitments. This […]
In all insolvent liquidations the directors, most often with the assistance of an insolvency practitioner, prepare a statement of affairs which is provided to all creditors prior to the date of liquidation. What is a statement of affairs? The statement of affairs is similar to a company balance sheet and provides creditors with a picture […]
You may have seen in the media recently some information regarding the court of appeal on car finance. At BRI Business Recovery and Insolvency, we monitor what decisions are made by the court so we are able use this knowledge when advising for you and your business. When did the investigation into motor finance products […]