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

  • He’s only gone and banked it!

    12 December 2018:  BRI Business Recovery and Insolvency’s Northampton office held their last networking event of 2018 with their Christmas lunch at the Church Restaurant. The event finished with a game of “heads and tails” with the chance to win a Christmas hamper, which was duly won by Mark Charteress…
  • Insolvent company dissolved – is that the end?

    10 December 2018:  As you would expect, HMRC present more compulsory winding-up petitions against insolvent companies in England and Wales than any other creditor. In recent months BRI have noticed a sharp increase in winding-up petitions being presented by HMRC against dissolved companies with the intention of them being restored…
  • HMRC accused of being unfair to taxpayers by the House of Lords

    6 December 2018:  In 2016, HMRC were given greater powers to tackle tax avoidance and evasion. A recent report issued by the House of Lords claims that HMRC are undermining the rule of law and justice as they are failing to reach a careful balance between clamping down on tax…
  • Companies House quarterly release

    30 November 2018:  Below are details from Companies House’s quarterly release about the number of companies on the register, newly incorporated companies and removals from the register. Between July and September 2018, there were 164,424 new incorporations and 131,407 dissolutions in the UK. The number of dissolutions has continued to…
  • Curling in Northamptonshire!

    28 November 2018: Team members of BRI Business Recovery and Insolvency's Northampton office and their guests tried their hand at curling at Beckworth Emporium on Tuesday 27 November 2018. A great evening was had by all with no accidents being had and plenty of good old fashioned competitiveness. Below is…
  • Solvent Bankrupts – a very expensive lesson to learn

    22 November 2018: In our Coventry office we have recently been dealing with three unrelated bankruptcies in which the bankrupts are solvent (assets greater than liabilities). We cannot be sure if there has been a recent increase in similar cases or if it just merely a coincidence that these three…
  • Insolvency Statistics

    8 November 2018: The underlying number of corporate insolvencies rose in Q3 against both the previous quarter and against the same quarter in 2017. The main driver for growth was in Creditors’ Voluntary Liquidations (“CVL”) which are now at their highest level since Q1 2012. Construction companies were hardest hit…
  • Entrepreneurs Relieved

    1 November 2018: Following much speculation as to the likely treatment of Entrepreneurs Relief in this weeks’ budget, the changes have, in fact, been modest. The whole Brexit, possible election and other disaster recovery plans mean that the sword of Damocles remains hanging over this most valuable relief in the…
  • When your tax liability figures don’t mirror those of HMRC

    26 October 2018: The Hitchin office has dealt with a number of cases where the directors of companies have received notifications from HMRC that did not make sense or where HMRC were claiming amounts that had already been paid. One company received a claim letter and a notice that HMRC…
  • Valid debt not the be all and end all when presenting a bankruptcy petition

    19 October 2018: In a recently reported case, a local authority had presented a bankruptcy petition against a debtor in respect of council tax arrears following a statutory demand. The council provided the debtor with evidence of the council tax liability orders confirming the debt. The debtor filed evidence in…
  • When things get personal

    17 October 2018:  A director does not generally have personal liability for the debts of a company. However, at BRI we are seeing that, increasingly, directors hoping to save a company from the brink, will frequently put their own assets on the line, in order for the company to receive…
  • SJN Motors

    UPDATE: 11 October 2018 SJN Motors Limited ceased to trade on Wednesday 10 October 2018. Customers  Please see below frequently asked questions: Is SJN Motors Limited permanently closed? Yes, the company ceased trading on 10 October 2018 with all employees being made redundant. The company is due to enter creditors’…
  • Seeking advice early is paramount

    3 October 2018: At BRI Business Recovery we always recommend that, if a company is experiencing financial pressure, early advice is sought which will enable all options of recovery to be considered and, hopefully, without formal engagement of BRI. BRI’s current internal statistics evidence that only 17% of enquiries result…
  • Companies House take action against directors for failing to file annual statements and accounts.

    27 September 2018: We have recently seen an increase in Companies House summoning directors to court for failing to submit confirmation statements under Part 24 of the Companies Act 2006. Directors need to be aware of the fact that failure to deliver up accounts and confirmation statements annually is an…
  • Paul Currie of DFA Law in his golf attire

    25 September 2018: BRI's monthly golf society was held at Overstone Golf Club and the course was in great condition. Paul Currie from DFA Law swept the board in respect of the prizes, winning nearest the pin and being the overall winner with 26 points. Yes, that is not a…