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

Category Archives: News

Local Authorities budgets stretched to bursting

19 November 2020:  The recent news that Croydon Council has declared effective bankruptcy by filing a Section 114 notice is a timely reminder about the precarious nature of a local authority’s finances. The job of balancing the books was already very difficult and the coronavirus pandemic is likely to have a detrimental impact on this, not...
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CVA? Administration? Maybe just a letter and a nice chat.

12 November 2020:  Forgive us for beginning this article by repeating a point made many times before but the formal appointments that we deal with really are just the tip of the iceberg of enquiries that make up our working days. A very apt recent example of this, which happens to also provide a fine example...
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All change but our advice remains the same – contact BRI early

3 November 2020:  The initial draft of this article was written when it was anticipated that the end of a range of Government support schemes and mortgage holidays would come into force on 1 November 2020. The Government has since announced there will be a further lockdown from 5 November 2020 and has, and quite rightly...
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Is the tier system leading to more Zombie companies?

28 October 2020: Since tighter coronavirus restrictions were introduced with the three tier system, more and more companies with little financial support are turning into Zombie companies. Hospitality is the hardest hit with buzzing bars and restaurants struggling, especially those now in the 2nd tier which bans households mixing indoors. Some places have been...
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Record borrowing outside of world wars

20 October 2020:  With the UK in one of its fastest debt spirals it is going to take a generation to balance the books.  The table below shows the only comparable gap in GDP vs. debt… war. How we move forward we don’t yet know.  The chancellor’s budget keeps getting postponed and understandably so.  How can...
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Helping our communities

14 October 2020:  Every year here at BRI we bring our offices together for a charity day, whereby a day of our staff’s time is given to volunteer at a local charity. Unfortunately this year, due to the pandemic, we have been unable to support a charity in this way. However, we still wished to...
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Further substantial payment to HMRC

8 October 2020: We posted in March on this particular matter whereby £250,000 was paid to HMRC in respect of a Company Voluntary Arrangement (“CVA”) that is being dealt with by BRI Business Recovery and Insolvency’s Northampton office. We are pleased to report a further substantial payment of £150,000 has been paid to HMRC. The company...
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Covid-19 wiping out fashion

6 October 2020:  Lockdown has knocked the fashion industry off its pedestal. Not only have shops and factories closed but the way we work, travel and, consequently, shop has been upended, prompting a dramatic reset in our attitudes to consumerism. The swinging Sixties, Seventies punk and Nineties grunge transformed society and Covid is wiping out...
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More High Street restructurings

1 October 2020: Cote Brasserie is the latest name on the High Street to undertake a formal insolvency process in order to restructure its operations. The chain of restaurants was acquired by new investors via a pre-pack administration, securing the future of 94 restaurants and 3,148 jobs. Only three outlets operating under...
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BRI Golf Day – The Finals

24 September 2020:  Yesterday we hosted a special event for the top 3 individual scorers from each of our regional golf days held in Northampton, Coventry and Milton Keynes, to see who would be crowned “BRI Golf Champion 2020”. Also, the top 3 individual scorers were teamed together to battle it out against the other regions...
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Budgeting Time for the Budget

17 September 2020:  Due to the unprecedented events of 2020 the Autumn budget may arrive later than usual, and according to some recent reports, may in fact become a Spring budget. However, as many of us follow the idiom ‘hope for the best prepare for the worst’ no doubt a great amount of planning is...
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BRI Regional Golf Days 2020

10 September 2020:  What wonderful weather we enjoyed at the 3 BRI regional golf days, held in tandem at Northampton Golf Club, Aspley Guise & Woburn Sands Golf Club and Kenilworth Golf Club. Numerous prizes were up for grabs from nearest the pins and team winners but the main prize was the chance for 1st 2nd...
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