We have offices in Northampton, Banbury, Coventry, Hitchin, Milton Keynes, Southampton and Spalding

BRI Business Recovery and Insolvency

We are an independent company of insolvency practitioners committed to finding the right solutions for businesses and individuals in financial difficulty

Monthly Archives: September 2015

Worse things happen…

28 September 2015: Always looking for new and exciting ways to kill himself BRI’s in-house John Noakes, Insolvency Practitioner Peter Windatt, recently returned to a childhood interest in sailing. As a child this was all confined to dinghies on Pitsford reservoir and occasional trips to the sea around Falmouth. Nowadays he enjoys both dinghy and...
Read more

Dealing with HMRC

17 September 2015: “If you’re unable to pay your tax bill; then call BRI” is often a message we tell people.  These sentiments certainly rang true with an enquiry that BRI recently dealt with. H M Revenue & Customs (“HMRC”) had petitioned for the debtor’s bankruptcy and a hearing was scheduled to be held imminently. BRI...
Read more

Coventry office Ladies Lunch

On 10 September 2015 our Coventry office hosted their quarterly networking event designed specifically for local female professionals. The BRI Exceptional Females Society convened for a drinks reception in the Terrace Bar at the Chesford Grange Hotel in Kenilworth followed by a two course buffet lunch in the River Room. The event was an ideal opportunity...
Read more

New Notification : Service by social media #nohiding

facebook 11 September 2015: With more than a billion people now said to have an active facebook account, it was perhaps unsurprising to learn of a recent County Court judgment, in which a district judge allowed a trustee in bankruptcy to notify the bankrupt that he had been...
Read more

Bankruptcy creditor petition threshold increases from 1 October 2015

With effect from 1 October 2015, the threshold for a creditor to petition for a debtor's bankruptcy increases from its current limit of £750 to £5,000. This is the first change in the limit since 1986. A creditor whom is owed £750 or more can currently serve a Statutory Demand for the debt (providing it is...
Read more

Assisting professionals with debt solutions

7 September: Whilst as a firm BRI Business Recovery and Insolvency provides advice and assistance predominantly relating to corporate matters, we also advise and act on behalf of individuals dealing with difficult financial circumstances. For example, we are currently assisting an individual, who is a practicing solicitor, with the preparation and proposal of an individual voluntary...
Read more

Stop the (clay) pigeon

4 September 2015: John Rimmer and Brian Coleman of BRI Business Recovery and Insolvency's Coventry office recently took part in an afternoon of clay shooting at a local shooting ground. The afternoon began, wisely, with some expert tuition including a run through of safety procedures and correct weapons handling before the shooters, made up of...
Read more

Specialised Assemblies (W’boro) Limited in compulsory liquidation – update

3 September 2015: Asset realisations in this liquidation have currently passed £175,000 with additional funds still to be received. We have requested the Redundancy Payments Service to provide details of their claim in this liquidation and it is anticipated that the preferential liabilities (being employees holiday pay and arrears of wages) will be paid in...
Read more

Tax avoidance schemes and solvent liquidations

2 September 2015:  For a few years now there was an ongoing dispute between a solvent company in a Members' Voluntary Liquidation and HMRC over an Employee Benefit Trust (EBT) which was a tax avoidance scheme the company had set up following advice from tax experts. No agreement was being reached as to how much...
Read more

Clubbed to death?

1 September 2015:  Two reports have been published recently which highlight the decline of the Licensed Trade. The Association of Licensed Multiple Retailers ("ALMR") has stated that nearly half of the Nightclubs in the UK have closed over the past ten years. Industry commentators have blamed a number of factors for this; the smoking ban, the...
Read more