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: November 2019

Official Receiver aces Boris Becker

20 November 2019:  Former world number one tennis star Boris Becker was out-served by the Official Receiver in a recent announcement.  A 12 year bankruptcy restriction undertaking was entered into due to suspicious transactions valued at over £4.5m both before and after his bankruptcy proceedings commenced. Bankruptcy restrictions usually last 1 year and can be extended...
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Compensation from Disqualified Directors

13 November 2019: The Company Directors Disqualification Act 1986, a staple of the insolvency world which may not be widely recognised outside of it, was amended via legislation coming into force on 1 October 2015, later supported by the Disqualified Directors Compensation Order which came into effect on 30 November 2016. I am sure the...
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Alternative lenders – is it a wise move?

6 November 2019:  The BRI Business Recovery and Insolvency offices are experiencing a marked increase in queries from companies who have obtained loans from alternative lenders, taken out to assist them with their short term cash-flow issues and also for the payment of liabilities to HMRC that have built up over time. These funds are...
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Nearly half a million businesses in financial distress

1 November 2019: It has been reported that just under 500,000 UK businesses are facing significant financial distress - areas that have been impacted include property, construction and real estate. The retail sector and the high streets have been severely affected in the past few years. The e-commerce retail division is now also feeling...
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