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

  • 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…
  • HMRC tax investigations yield better returns than ever

    23 May 2018: With an estimated £24.8bn recovered, HM Revenue & Customs (“HMRC”) last year racked up its biggest successes and highest yields from investigations into large businesses tax compliance, which produced £77 for every £1 spent. The analysis by law firm Pinsent Masons says this marks the second year…
  • Have you herd? Keep mooo-ving Jean!

    14 May 2018: When the majority of the UK were enjoying its first taste of summer and firing up the BBQ over the May Day bank holiday weekend, our very own Jean Armstrong, an assistant insolvency manager at BRI, participated in this year’s Milton Keynes half-marathon. Amongst other things, Jean…
  • Acquisition Opportunity – IT Services provider

    BRI Business Recovery and Insolvency have been engaged to assist a company with respect to a potential pre-pack sale of its business via an Administration process. Provided below is an overview of the business along with some key details. Should this opportunity be of interest to you, please note that…
  • Dividends paid in two further insolvency matters.

    9 May 2018: Thanks to the strategic handling of two very different insolvency appointments, BRI Business Recovery and Insolvency’s Northampton office is pleased to share further news of dividends being paid in a compulsory liquidation and a bankruptcy estate. In the compulsory matter, the secured creditor was paid in full…
  • Britain on sale …

    26 April 2018: Some of the biggest names and brands in the UK are being sold - Waterstones has been sold to a US hedge fund; there are talks of Wembley being sold and the Chinese owners of Hamleys (again a well-known British brand owned by foreigners) are looking to…
  • 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…