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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: August 2020

Recovery …

26 August 2020: Whilst good news was recently announced from Virgin Atlantic, many small businesses also face challenges whilst they try to survive the recession. Virgin Atlantic have won the backing of their creditors for a £1.2bn rescue plan, which will secure their future for at least 18 months and save 6,500 jobs. Small...
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Autumn is coming

19 August 2020: Rishi Sunak has ordered a review of the Capital Gains Tax (“CGT”) system to include a review of whether allowances and reliefs could be simplified or scrapped. Members’ Voluntary Liquidations (“MVLs”) are one area that may be significantly affected as a consequence of that review. MVLs are usually tax driven...
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Breaking Bad or Breaking Even

12 August 2020: For those who remember the show Breaking Bad, they’ll know that Walter White had a very clear idea of the figures that he needed to make from his new nefarious enterprise in order to provide for his family. Obviously things went pretty haywire for the formerly sensible Mr White but his clear...
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Company Insolvency Statistics – Q2 April to June 2020

6 August 2020: From BRI’s perspective, the results recently published confirming that company insolvencies in England and Wales fell by 25% compared to same period in 2019 is not a surprise. Whilst the Insolvency Service does not record whether an insolvency event is directly attributable to the COVID-19 pandemic, the reduction in numbers is...
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