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

  • BRI rescue company in the retail sector

    8 August 2018:  The Milton Keynes office is pleased to announce that Tom Guthrie and Peter Windatt were appointed joint administrators of a company operating in the retail sector.   The administration involved a sale of the business and assets which has resulted in a continuation of the business, a new…
  • Retention of title – the devil is in the detail

    2 August 2018:  BRI Business Recovery and Insolvency, when acting as Liquidators or Administrators of a company, often deal with creditors who have supplied products to the company claiming retention of title (ROT). Often the products will have been sold in the normal course of business, therefore there is no…
  • BRI Know News

    31 July 2018:  The latest UK insolvency statistics (to June 2018 (Q2 2018)) have garnered little interest from either the press or the profession. It appears that it is a no-news-is-good-news story. For companies, the numbers are down against the previous quarter and up against the same quarter of the…
  • Estate Agents in financial distress

    25 July 2018:  More than 7,000 UK High Street estate agents are showing signs of financial distress as they face fewer sales and online competition, a study has found. It has been reported that 27% of estate agents are struggling to survive. One of the main reasons is a long-term…
  • Tom Guthrie appointed ACCA Chair for Bedford Luton Northampton Panel

    19 July 2018:  The Milton Keynes office is delighted to announce that Tom Guthrie, Associate and Licensed Insolvency Practitioner, has been appointed the new Chair for Bedford, Luton and Northampton ACCA panel. The ACCA is a global network of professionals who are a key part of shaping the future of…
  • BRI out in force to help local charity

    16 July 2018:  On Wednesday 11 July 2018 a number of BRI staff from the various offices took part in another successful annual Charity Day. This year BRI volunteered at Cynthia Spencer Donation Centre in Northampton.  This Donation Centre supports the running costs of Cynthia Spencer Hospice by receiving thousands…
  • Insolvency – The Domino Effect

    13 July 2018:  Over a quarter (26%) of UK companies have suffered a hit to their finances following the insolvency of a customer, supplier or debtor in the last six months, according to new research from R3, the insolvency and restructuring trade body. The figures are evidence of the so-called…
  • Prize Magazines Ltd

    Prize Magazines Limited (proposed creditors’ voluntary liquidation) (“the Company”) Frequently Asked Questions What has happened to Prize Magazines? The directors approached BRI Business Recovery and Insolvency for assistance in dealing with the Company’s financial affairs and following a number of discussions about the various options available to the Company, a…
  • Director disqualifications on the increase …

    4 July 2018: It has been reported that the number of company directors being disqualified in the UK has increased for the third year running and that the term of disqualifications are getting longer with the average length of ban being 7.7 years. If a company is experiencing financial distress…
  • Fun in the sun!

    27 June 2018: The BRI Hitchin office chose a gloriously sunny afternoon to host another FootGolf event at Stockwood Park in Luton earlier this month. A number of local professionals joined the BRI team to take part in a fun event and everyone enjoyed the experience of kicking a football…
  • CVAs and Landlords

    21 June 2018: Company Voluntary Arrangements (CVAs) have never been far from the front pages so far this year with a number of well-known High Street names using the procedure to reorganise their financial affairs. New Look, House of Fraser, Carluccio’s, Jamie’s Italian, Mothercare, Carpetright and Byron Burger have or…
  • A Return to Returns, more good news

    18 June 2018:  We have previously reported on BRI’s success in providing returns to creditors in several of our insolvent liquidations. Fortunately we are again in a position to share the good news that on three recent insolvent liquidations, we have made returns to unsecured creditors, including a distribution to…
  • A perfect day for golf

    7 June 2018:  If there is such a thing as perfect golfing weather in the UK then the attendees at BRI Business Recovery and Insolvency’s Annual Golf day experienced it. It was held on 6 June 2018 at Northampton Golf Club and the course was in great condition. With 4 nearest…
  • All’s well that ends well!

    4 June 2018: On Friday 1 June 2018, Ian Cooke from BRI Business Recovery and Insolvency’s Northampton office came across a chap in a local supermarket who he had made redundant some 6-7 years ago as part of his role when dealing with an insolvent company. He shook Ian’s hand…
  • Arrangements that claim to get users out of the 2019 loan charge

    30 May 2018:  HMRC is aware of a number of arrangements being promoted which claim to enable users to escape the 2019 loan charge. HMRC’s view is that these arrangements do not work and users are advised not to sign up to them. While promoters claim that these arrangements work, users should…