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: July 2018

BRI Know News

31 July 2018:  The latest UK insolvency statistics (to June 2018 (Q2 2018)) have garnered little interest from either the press or the profession. It appears that it is a no-news-is-good-news story. For companies, the numbers are down against the previous quarter and up against the same quarter of the previous year. For individuals, the numbers...
Read more

Estate Agents in financial distress

25 July 2018:  More than 7,000 UK High Street estate agents are showing signs of financial distress as they face fewer sales and online competition, a study has found. It has been reported that 27% of estate agents are struggling to survive.

One of the main reasons is a long-term decline in property sales. Between...
Read more

Tom Guthrie appointed ACCA Chair for Bedford Luton Northampton Panel

19 July 2018:  The Milton Keynes office is delighted to announce that Tom Guthrie, Associate and Licensed Insolvency Practitioner, has been appointed the new Chair for Bedford, Luton and Northampton ACCA panel. The ACCA is a global network of professionals who are a key part of shaping the future of the accountancy profession.  In the fast...
Read more

BRI out in force to help local charity

16 July 2018:  On Wednesday 11 July 2018 a number of BRI staff from the various offices took part in another successful annual Charity Day. This year BRI volunteered at Cynthia Spencer Donation Centre in Northampton.  This Donation Centre supports the running costs of Cynthia Spencer Hospice by receiving thousands of generously donated items which...
Read more

Insolvency – The Domino Effect

13 July 2018:  Over a quarter (26%) of UK companies have suffered a hit to their finances following the insolvency of a customer, supplier or debtor in the last six months, according to new research from R3, the insolvency and restructuring trade body. The figures are evidence of the so-called ‘domino effect’, where one company’s insolvency...
Read more

Prize Magazines Ltd

Prize Magazines Limited (proposed creditors’ voluntary liquidation) (“the Company”) Frequently Asked Questions
  • What has happened to Prize Magazines?
The directors approached BRI Business Recovery and Insolvency for assistance in dealing with the Company’s financial affairs and following a number of discussions about the various options available to the Company, a board meeting was held on 1 June 2018...
Read more

Director disqualifications on the increase …

4 July 2018: It has been reported that the number of company directors being disqualified in the UK has increased for the third year running and that the term of disqualifications are getting longer with the average length of ban being 7.7 years. If a company is experiencing financial distress it is vitally important...
Read more