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: January 2016

Insolvency Statistics – 2015

29 January 2016: The Insolvency Service has published the insolvency statistics for Q4 2015, which include the annual figures for the whole year. Main messages For companies:-
  • the annual number of company insolvencies were at the lowest level since 1989 (down 10% on 2014);
  • compulsory liquidations fell to the lowest annual total since 1981 (down 23% on 2014);
  • the estimated...
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From a world record attempt to a world news event

On Wednesday 13 January 2016 our in-house adventurer, Peter Windatt, was on his way to the bottom of Les Deux Alpes glacier to participate in a world record attempt :- a torch-lit descent of 10km, a drop of 2,000m along with some 3,000+ other participants.  The event was to...
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Open season for rogue directors?

18 January 2016: On 17 December 2015, the Ministry of Justice announced that insolvency litigation will lose its exemption from the Legal Aid, Sentencing and Punishment of Offenders Act 2012 ("LASPO") with effect from 1 April 2016.  This is part of the Government's drive to address the high costs of civil litigation in England and...
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Finance Bill 2016 under consultation

8 January 2016: From 6 April 2016 the government are proposing new targeted anti-avoidance rules which set out the conditions where final distributions paid out by companies in liquidation to shareholders will no longer be taxable as a capital distribution in the hands of a taxpayer. The measure targets ‘phoenix companies’ where taxpayers look to...
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