We have offices in Northampton, Banbury, Coventry, Hitchin, Milton Keynes, Southampton 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

News

  • Pitch Perfect – nearly!

    18 September 2017:  Ian Cooke of BRI Business Recovery and Insolvency’s Northampton office recently entertained some valued contacts at a charity golf day hosted by Wilson Browne solicitors. Ross Phipps of Phipps Henson McAllister was one of Ian’s guests and gladly paid £5 to charity for the opportunity to win…
  • The Insolvency Rules 2016: Creditors’ Rights

    15 September 2017:  It is nearly 6 months since the Insolvency Rules 2016 (“the Rules”) came into force. If you, or one of your clients, have received notice of a debtor entering formal insolvency, you may not know whether, or how, you can influence the outcome. It can be daunting…
  • The Scale of Consumer Debt in the UK

    5 September 2017:  A recent report “Stuck in debt” published recently by Citizens Advice highlights the scale of Consumer Debt in the UK. The total stands at £200 billion, growing at over 10% each year and approaching the level witnessed in the run up to the financial crisis in 2008.…
  • Silver Award for Sailability Volunteer Peter

    30 August 2017:  As the final Sailability Friday afternoon races for the Summer 2017 season drew to a close the Northampton Sailability Team had a final “Race for Gold” event on Saturday which saw a number of volunteers race their own boats in addition to the regular racers sailing the…
  • Employee Benefit Trusts (EBT) Update

    23 August 2017:  Finance Bill (No. 2) 2017 draft legislation was published on 13 July 2017, which includes the loan charge that will be applied on outstanding EBT loans. PAYE and NIC will be applied on loans which remain outstanding at 5 April 2019. The loan charge will fall on…
  • Buying a financially troubled business?

    21 August 2017:  How do you pick up the pieces from a financially troubled business and absorb them into your own operations or turn them around into a successful enterprise in their own right? Lots of successful enterprises today have risen from the ashes of others, which have either become…
  • Playing with a straight bat!

    17 August 2017:  BRI Business Recovery and Insolvency take great pride in providing the best advice irrespective of the outcome for ourselves - always “playing with a straight bat”. We also entertain our cricket playing contacts with a game or two every year at Boughton Cricket Club in Northampton.  Our…
  • Thirsty on a Thursday?

    15 August 2017: Thirsty Thursday is an informal networking event aimed at the young professionals of Northampton and surrounding areas. It is hosted by BRI Business Recovery and Insolvency’s Northampton office together with Kilby Fox and Lambert Smith Hampton. It is held on the first Thursday of each month at…
  • Community Matters

    14 August 2017: The Milton Keynes office has been assisting a solvent working men's club to bring the affairs of the club to an end after its members resolved that the club should close. The sale of the club’s freehold property realised net sale proceeds of almost £700,000. The club's…
  • It’s all about statistics

    4 August 2017:  The latest quarterly insolvency statistics were released on 28 July 2017 and indicate that the underlying number of company insolvencies fell to the lowest level since comparable records began in 2000. Personal insolvencies also decreased, driven primarily by a decrease in Individual Voluntary Arrangements (“IVA”). The actual…
  • A Refreshing Change

    28 July 2017: Alan Limb from BRI’s Southampton office explains the benefits of seeking our help at the earliest opportunity. Frequently we help businesses in financial difficulty whose owners have ignored the warning signs. When we meet them the delay has created a crisis with few options remaining for saving…
  • Big Brands ≠ Big Bucks as Silverstone trigger Formula One break clause

    17 July 2017: Silverstone, the hosts of one of the UK’s biggest motor racing events, have triggered a break clause to end their contract with Formula One with the last race to be held in 2019. Losses have mounted year on year for the owners of Silverstone to host the…
  • Professional Performance Pertaining to Petanque

    14 July 2017: As many of you will no doubt be aware, the French find the English game of lawn bowls far too difficult and therefore invented a simpler variation of the game known as Petanque (ok, that statement may not be entirely true). The game involves competitors planting their…
  • Administration – payment in full to fixed charge holder

    11 July 2017: Peter Windatt of BRI Business Recovery and Insolvency was appointed Administrator of a company on 27 January 2017. The matter is being dealt with by BRI’s Northampton Office with Peter securing the sale of the company’s goodwill in late May 2017. The company’s bank held a fixed…
  • More than 97p in £ returned to creditors in an IVA

    HMRC along with a number of other creditors were threatening to petition for the bankruptcy of the debtor. The debtor was referred to BRI Hitchin by a local solicitor. The debtor, following a messy divorce, had no instant cash. However, he did have assets in the UK and abroad and…