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: May 2019

Loan charges – warning – HMRC takes action

23 May 2019:  It has been reported that six people have been arrested over the promotion of fraudulent schemes that were designed to avoid paying loan charges. Disguised remuneration loans received by employees that remain outstanding on 5 April 2019 are known as loan charges, on which HMRC have been asking for tax to be paid. The...
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120 jobs saved with CVA approved by 95% of creditors

14 May 2019:  BRI’s Coventry office achieved recent success in getting a proposal for a Company Voluntary Arrangement (“CVA”) approved by 95% of creditors.  The company in question is a large local employer with a sound reputation and excellent prospects.  The company faced tough trading issues following a downturn in the automotive industry compounded at...
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Company insolvency statistics – Q1 2019

2 May 2019:  The Insolvency Service have released the above and below is a summary of their findings:
  • The total number of company insolvencies were 4,187, up from 3,983 for the same period last year.
  • 67.4% of all company insolvencies were creditors’ voluntary liquidations with compulsory liquidations accounting for 19.6%, these are terminal insolvency procedures for...
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