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

BRI Northampton – significant dividends paid

BRI Northampton – significant dividends paid

28 October 2015: BRI's Northampton Office would like to report on two creditors voluntary liquidations whereby dividends have recently been paid to creditors.

Timsons Limited, a company founded in 1896, entered voluntary liquidation on 4 February 2015. Asset realisations have been significant and the Joint Liquidators are pleased to report that the sum of £375,000 has been distributed to the Company's unsecured creditors on 7 October 2015 by way of an interim dividend.

Pet Healthcare (Northampton) Limited which operated as a veterinary surgery entered voluntary liquidation on 11 February 2013. With preferential creditors already paid in full (employees wage arrears and outstanding holiday pay entitlements) a sum of £164,000 was paid to unsecured creditors on 1 October 2015, which equated to a final dividend of 21 pence in the pound.