9 October 2019:  Our Spalding office were recently approached with respect to assisting a company who make and fit curtains for both private and larger commercial properties. The company contained dedicated staff with specific skill sets tailored to the particular line of trade, unfortunately however, orders were drying up and had become insufficient to sustain the...

3 October 2019:  BRI Business Recovery and Insolvency’s Northampton office were called with a query whereby the advice already received from an unregulated advisor appeared to be “too good to be true”. A summary below of the issue, advice received from the unregulated advisor and BRI’s subsequent advice: The issue: Company had ceased trading, no assets...

27 September 2019:  BRI’s team of Insolvency Practitioners has seen an increase in enquiries from distressed companies. In 2017 it was reported that we were likely to see an increase in insolvency due to Brexit delays. The number of appointments that BRI have taken in the last quarter was double that taken in the same...

23 September 2019:  Having demonstrated his experience and knowledge to the relevant boards, we are pleased to announce that John Rimmer of BRI Business Recovery and Insolvency has been admitted as a member of the Registered Property Receivers (“RPR”) and Fellow of the Association of Property & Fixed Charge Receivers (“NARA”). This enables John to act...

18 September 2019:  The Canal & River Trust look after and bring to life 2,000 miles of waterways that connects hundreds of wildlife habitats and ensures 2,980 bridges, 1,580 locks and 335 aqueducts are open and ready to use for communities across the UK. BRI staff members from the Northampton, Milton Keynes, Coventry and Hitchin offices...

13 September 2019: We were recently approached here at the BRI Milton Keynes office by a builder, not to sort out our issue with the guttering but in his capacity as a company director, who had the intention of liquidating his company. He had already been told by another firm that a voluntary liquidation...

10 September 2019: Harriet, daughter to Lauren and Mark Auburn and baby sister to Quinn is arrived safe and well. Mother and daughter are both doing well – and the rest of the family are doing okay too. Born on 5 September 2019, Harriet weighed in at 6lb and 9oz. Lauren and Mark thank all their...

3 September 2019:  In the vast majority of corporate insolvency matters we advise on HMRC are a significant creditor. We are seeing a marked increase in the very early threat from HMRC  to either look to levy distraint over company assets or, worse still, issuing a winding-up petition (“WUP”) . HMRC will, generally, before issuing...

27 August 2019:  BRI’s staff, including senior members, cashiers and the administration team, have all this month completed a full day of training which was geared to raise awareness of mental health issues amongst debtors. It is reported that people with debt problems are twice as likely to develop mental health problems and debt problems make...

23 August 2019:  HM Revenue & Customs (“HMRC”) have recently published a policy paper setting out proposed measures aimed at those parties who “unfairly seek to reduce their tax bill by misusing the insolvency of companies”.  This will be achieved by making directors and other persons connected to those companies jointly and severally liable for...

19 August 2019: We were asked, by an accountant who knows trusts and likes us, to talk with a client who had hit a wrinkle along the road as a result of suing a client for work done and not paid for (at £6,000) who, in response, counter-sued for almost £85k. The client had...

12 August 2019: A recent rescue enquiry gave our Milton Keynes BRI office opportunity to flex the grey matter with respect to finding a solution to the not uncommon issue of a company having both successful and unsuccessful elements to its business. The particular company ran cafés/restaurants and had two premises. One café was...