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: May 2016

Oliver Adams Ltd – Proposed Company Voluntary Arrangement

27 May 2016: Long standing Northampton based bakers Oliver Adams Limited (the “Company”) has been experiencing some trading difficulties and are proposing a Company Voluntary Arrangement (“CVA”) to creditors which, it is hoped, will see the restructured Company, returned to profitability and able to trade on for many more years to come.

The Company, which...
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A Bitter Pill For Pharmacists To Swallow?

23 May 2016: The NHS has launched a consultation over cuts in funding for pharmacies in England. In a letter to the Pharmaceutical Services Negotiating Committee (“PSNC”) announcing the consultation, the NHS proposes a 6% reduction in total annual funding for pharmacies from October 2016. This amounts to £170million, part of the £22billion...

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A Trip To The Palace

20 May 2016: Alan Limb, from BRI's Southampton Office, has volunteered as a Business Mentor for the Prince's Trust for the past 15 years. In that time he has supported a total of 11 disadvantaged young people who have started their own business with help from the Trust. Alan says, "I find volunteering...

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Competition v technology and insolvency

16 May 2016: We have again seen some famous high street brands entering insolvency processes.  Some have attempted the rescue route of Voluntary Arrangements and Administrations but will this save them in the years to come and how many more will follow suit?

We can take BHS and Austin Reed, two of...

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Statistics – all quiet on the insolvency front?

13 May 2016: They say that no news is good news; and that just about sums up the insolvency statistics for the Q1 (January to March 2016) period.

Corporate insolvencies are up a little on the previous quarter, but down compared to the previous years’ Q1 – largely driven by a rise...

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Successful return of funds to creditors

12 May 2016: In keeping with BRI's longstanding track record of delivering results for creditors, we are pleased to report that we have recently returned funds of over £80,000 to the creditors of Orion Electrical Contracts Limited ("the Company"). The Company operated as retail premises fit-out specialists. The following sums have been paid...

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Hiding From Your Creditors Won’t Make Them Go Away

10 May 2016: The recent case of Kevin McGeever highlights the lengths that some people will go to try and to stop their creditors pursuing them. Mr McGeever is an Irish Property Developer who faked his own kidnapping in order to avoid investors to whom he owed a considerable amount of money following...

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Turning my business around – ten practical questions.

9 May 2016: Directors are regularly faced with challenging decisions when it comes to running a business.  At some point in the businesses life cycle, it will encounter a fork in the road, where the directors will need to make a major choice, which could make it or break it.  Unfortunately, business can...

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