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

  • 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…
  • Carillion – what next for suppliers/sub-contractors?

    15 January 2018:  With the well-publicised demise of the above there will be significant financial pain for many suppliers/sub-contractors. Given the substantial work the Company undertook it is very likely that the Insolvency Practitioners appointed will look to complete work in progress for benefit of creditors as a whole and,…
  • BRI has strengthened its position with another insolvency appointment taker in Northampton

    5 January 2018: BRI are pleased to announce that Lauren Auburn has been promoted to Associate and will be taking insolvency appointments. Lauren has over 11 years insolvency experience and deals with a variety of corporate and personal insolvency and solvency matters. Lauren’s experience includes dealing with the closure and…
  • Jumpers at the ready

    21 December 2017:  BRI Business Recovery and Insolvency employees donned their Christmas jumpers on 19 December 2017, continuing their support for BRI’s annual charity, Samaritan’s Purse. Below are pictures from our Northampton, Milton Keynes and Coventry offices. To date, £240 has been raised – further donations would be gratefully received…
  • West Midlands companies most at risk of insolvency as 2017 draws to a close

    19 December 2017: A recent report has warned that the risk of insolvency for companies in the West Midlands is rising as the year comes to an end. This elevated risk of insolvency is now at its highest point so far this year. The statistics, published by insolvency trade body…
  • How will HM Revenue and Customs vote on Company Voluntary Arrangements?

    8 December 2017:  BRI Business Recovery and Insolvency assist and advise company directors in preparing a proposal for Company Voluntary Arrangements (“CVA”). A CVA is a formal insolvency process where the CVA allows a company that is insolvent to reach a voluntary agreement with its creditors regarding repayment of all,…
  • Festive fun …

    6 December 2017:  This year, the Hitchin office was delighted to host the first of our Christmas BRIEFS festive lunches. Over the years, BRI Business Recovery and Insolvency have held BRIEFS events in Coventry, Northampton, Milton Keynes and Hitchin. BRIEFS, short for BRI Exceptional Females’ Society, was first hosted in…
  • Helping to steady the ship

    28 November 2017:  BRI’s Southampton office was contacted recently for help by the committee of a local working men’s club. The committee had only recently been appointed but had quickly discovered that their predecessors had adopted a lax attitude in the financial management of the club. PAYE/VAT returns and other…
  • If the shoes fit – donate the box!

    24 November 2017:  Christmas is a time for giving and on International Children's Day, 20 November, colleagues of BRI's offices did just that and gave their time and help to assist the Samaritans Purse charity with Operation Christmas Child at their processing centre in Coventry. BRI staff spent the day…
  • Successful Individual Voluntary Arrangement

    20 November 2017:  We are pleased to report the successful conclusion of an Individual Voluntary Arrangement (“IVA”) for a professional services individual who was saddled with a mixture of various litigated debts and personal guarantees for some old corporate debts.  The terribly distressing situation had been going on for many…
  • Compassion is better than empathy

    15 November 2017: On two occasions in the past twelve months, accountants known to BRI have contacted us to ask if we could assist a family that is dealing with not only the failure of their company but also the loss of a loved one who had also been the…