8 July 2020: After a 3 month gap, BRIGS recommenced this week with 12 attending. The venue was Overstone Golf Course with Tom Low sweeping the board by winning nearest the pin and best overall score, scoring a huge 24 points. Below is a picture of Tom’s shot into the nearest the pin par 3 which he...

30 June 2020: BRI’s Northampton office has been referred a matter by a local accountant whose client company has ceased trading. The company in question has no HMRC liabilities or employees but has liabilities of approximately £80,000 owed to 12 creditors. The company’s only asset is £20,000 in the bank account. The accountant...

25 June 2020: As businesses try to get back to the new normal, BRI Business Recovery and Insolvency are seeing the first casualties of Covid-19. One of the first casualties was a catering company whose clients included car manufacturers, where regular lunches were delivered, weddings and private celebrations. With business clients closed in March,...

22 June 2020: We have pleasure in introducing two of our newest trainee insolvency administrator recruits for the BRI Coventry and BRI Northampton teams. Both joined just prior to the covid-19 lockdown rules and have no doubt faced some challenges with regard to working from home whilst learning and training in their new roles. Arrun Prashar,...

18 June 2020: We are, but not as you might think. Because of the current pandemic and the headline insolvencies (often retail), people think we must be very busy. Companies continue to receive unprecedented levels of financial support at the current time. This is in the form of grants, loans, debt...

15 June 2020: We are BRI Business Recovery and Insolvency, as our name suggests we are focused to help business recover first before having to sometimes resort to an insolvency process. Within the government’s Company Insolvency and Governance Bill 2020 (“CIG Bill 2020”) (currently being discussed in the House of Lords), a new procedure...

1 June 2020:  Whilst BRI Business Recovery and Insolvency are providing advice to many individuals and company directors via conference calls and video meetings, one of the management team took the opportunity to provide advice, whilst observing social distancing rules, by meeting a director in a park (where they  both live less than 5 minutes’...

26 May 2020:  The Government last week published a list of shops that can now reopen immediately. https://www.gov.uk/government/publications/further-businesses-and-premises-to-close/further-businesses-and-premises-to-close-guidance To support these businesses, the Government have also published back to work guidance and a business recovery strategy. Outdoor markets and car showrooms can reopen from 1 June 2020 and all other ‘non-essential shops’ can...

21 May 2020:  The much-anticipated (at least to those of us in the industry) Corporate Insolvency and Governance Bill has just been released and is expected to progress through Parliament shortly.  The Bill has been designed to help the economy recover, protect jobs, and give companies the best chance of survival. This Bill is the biggest...

15 May 2020:  As we enter the first week under new government guidance and the eighth week since the beginning of lockdown, I think it is fair to say that many of us are facing one of the most challenging periods we can remember both personally and professionally. We are receiving a daily death toll relating...

4 May 2020:  It has been reported that there has been a decrease in both creditors’ voluntary liquidations (“CVL”)   and compulsory liquidations since the UK went into lock down – see graphs below. The decrease in compulsory liquidations is no doubt as a direct result of HMRC not issuing winding-up petitions unless they believe it is...

28 April 2020: As Matt Hancock, Secretary of State for Health and Social Care, announces that he is happy with some businesses re-opening, decision making for directors during these challenging time is immense. There are many businesses that stopped trading at the end of March to safeguard their staff, as social distancing was not...