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

  • The winner, yet again …

    19 April 2018: BRI Business Recovery and Insolvency’s Northampton office held their spring pool tournament on 18 April 2018. Some good and bad pool was played and we quickly got to the final. The winner and now recording his 4th victory at this event was Andrew Rose of Elsby and…
  • More solvent insolvencies

    17 April 2018: Last year, we reported on a case where we had been appointed as Trustee in Bankruptcy of an individual who was declared bankrupt but who did, in fact, have a surplus of assets over liabilities (see https://www.briuk.co.uk/a-solvent-insolvency/). So far in 2018 we have been appointed as Trustee…
  • Another Successful CVA

    11 April 2018: We previously posted that CVAs (Company Voluntary Arrangements) are an under-utilised resource across the insolvency profession. BRI are delighted to announce that, for the second time in 12 months, the Milton Keynes office is overseeing the successful completion of another CVA. Under the terms of the arrangement,…
  • Creditors’ Voluntary Liquidation – payment to each class of creditor

    5 April 2018:  BRI Business Recovery and Insolvency’s Northampton Office are dealing with the liquidation of Star Food Service Limited and were appointed on 26 July 2017. The planning of any liquidation is paramount and has a significant bearing on successful realisations and dividends to creditors. BRI are pleased to…
  • New powers to give greater protection to staff and small suppliers in insolvent businesses

    22 March 2018:  The government has launched a consultation to improve the UK’s corporate governance framework and ensure the highest standards of behaviour in those who lead and control companies in, or approaching, insolvency.  There will be a significant focus on the following areas:- Directors selling companies recklessly to face…
  • Ready, Steady, Break

    20 March 2018:  The BRI Milton Keynes office held their first pool tournament last week and we are grateful to all 25 guests who attended and supported us in putting on what proved to be a fantastic event. They say you should never show off how good you are until…
  • Is the economy really in a better position?

    15 March 2018:  Earlier this week the Chancellor announced the economy is in a better position than expected. However, not all business sectors will share his confidence that there is light at the end of the tunnel. A slowdown in housebuilding in January contributed to the biggest monthly decline in…
  • BRI Business Recovery and Insolvency’s Northampton office – 15th annual quiz evening

    13 March 2018:  The BRI team in Northampton hosted their 15th annual quiz event at the Marriott Hotel on 8 March 2018. As always, we had a great show of support with 36 teams of 4 attending with a further 4 teams on the reserve list. The teams were put to…
  • Carillion – Insolvency Service update

    27 February 2018: The Insolvency Service has today updated their website with information for employees, sub-contractors and creditors following the liquidation of Carillion. The information provided includes how sub-contractors will not be entitled to the same claims as employee from the Redundancy Payments Office. Updates for creditors and how they…
  • Food for thought

    22 February 2018: 2018 has already seen a number of high-profile restaurant insolvencies hit the headline with Jamie’s Italian, Prezzo, Byron Burger, Square Pie and EAT all encountering problems. Perhaps this should not be a surprise given that the number of restaurant businesses entering an insolvency process last year increased…
  • Bucking the trend with innovative solutions

    19 February 2018:  The Insolvency Service recently published its figures for 2017 and the news highlighted concerns.  Personal insolvency numbers are at their highest since the financial crisis of 2008, up by nearly 10%.  The number of corporate entities facing formal insolvency processes are also on the rise. The statistics…
  • Avoid becoming a statistic!

    7 February 2018: The corporate insolvency statistics for 2017 have been published and the key finds are detailed below: Company insolvencies increased overall, with an estimated total of 17,243 companies entering insolvency in 2017, a rise of 4.2% on the year before. This was driven by an increase in creditors’…
  • Insolvency Service cracks down on debtors

    5 February 2018: The Insolvency Service is clamping down on individuals who are disposing their assets irresponsibly rather than repaying debts. Bankruptcy restriction orders (BROs) issued by the Insolvency Service has increased in 2017 to crack down on the ‘dissipation of assets’. ‘Dissipation of assets’ is when an individual is…
  • Stakeholder confidence in the role of an IP

    26 January 2018:  The role of an insolvency practitioner (IP) is never straightforward as we frequently deal with stakeholders with competing interests.  Despite trying to do the right thing by all concerned, an IP will come across understandably disgruntled parties. A statement we often hear is that it is wrong…
  • Divorce Day

    22 January 2018:  Sadly, the first Monday back after the New Year break has been nicknamed ‘Divorce Day’.  It is often the most common point in the year when one or both spouses decide that their promise of ‘I do’ changes to ‘I don’t’. There were 107,071 divorces in 2016…