We have offices in Northampton, Banbury, Coventry, Hitchin, Milton Keynes 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: April 2019

HMRC with the upper hand

24 April 2019: HMRC is claiming the direct recovery of debt powers (granted in March 2016) to recover money owed directly from individuals’ bank and building society accounts have raised £178m of tax revenue between April 2016 and December 2018. It is reported that HMRC only took action by removing money directly from a...
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Rack ‘em up

17 April 2019:  The BRI Coventry office recently welcomed participants to their bi-annual pool tournament (held every Spring and Autumn) to do battle and establish which local professional was best with a cue in their hand. 32 players took their chances and the person with the most wins in the group stages progressed to the quarter...
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Debt Relief Orders (“DRO”) 10 years on.

10 April 2019:  The insolvency Service has reported on the 10th anniversary of DRO. The Insolvency Service state that £2.3 billion worth of debt has been written off in DRO with 254,000 individuals successfully entering this procedure. The average level of debt per DRO is £9,400. A DRO is an insolvency procedure, often described as a...
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It’s how you deal with matters that matter

5 April 2019: At BRI Business Recovery and Insolvency, we pride ourselves in providing the right advice first time, every time even though the advice may not be what the recipient wants to receive. BRI’s Northampton Office are dealing with an insolvent liquidation whereby, prior to our formal engagement, we identified potential transactions to...
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Ill health impacting businesses

1 April 2019:  We have recently seen an increase in enquiries from businesses that are financially struggling due to the ill health of the directors and senior staff members. Due to health reasons these members have not been able to give the business the time and attention it needs. Recently, a director came to us stating...
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