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Hang in there …

13 January 2021:  Rishi Sunak has warned that Britain’s economic performance will worsen before the roll out of the coronavirus vaccine helps to improve the…

BRIGS 2020 winner: Paul Currie of DFA Law

6 January 2021:  2020 certainly was a year none of us will forget and, whilst it has been difficult to safely host networking events, we…

Alternative recovery options for distressed businesses

14 December 2020:  Any year end naval gazing is being avoided in this December article to instead focus on the very opposite i.e. looking out…

All News

Hang in there …

13 January 2021:  Rishi Sunak has warned that Britain’s economic performance will worsen before the roll out of the coronavirus vaccine helps to improve the…

BRIGS 2020 winner: Paul Currie of DFA Law

6 January 2021:  2020 certainly was a year none of us will forget and, whilst it has been difficult to safely host networking events, we…

Alternative recovery options for distressed businesses

14 December 2020:  Any year end naval gazing is being avoided in this December article to instead focus on the very opposite i.e. looking out…

Last Orders

9 December 2020:  For many publicans, restaurateurs and others in the hospitality industry last orders might be about to be called.  Whilst unfathomable amounts of…

Festive Period like no other

2 December 2020:  In normal circumstances around this time of year one might be dreaming of a white Christmas or thinking of a little Mistletoe…

Substantial return to creditors – what great news!

25 November 2020: When appointed as liquidators of an insolvent company, we make every possible effort to achieve the maximum return for creditors. The size…

Local Authorities budgets stretched to bursting

19 November 2020:  The recent news that Croydon Council has declared effective bankruptcy by filing a Section 114 notice is a timely reminder about the…

CVA? Administration? Maybe just a letter and a nice chat.

12 November 2020:  Forgive us for beginning this article by repeating a point made many times before but the formal appointments that we deal with…

All change but our advice remains the same – contact BRI early

3 November 2020:  The initial draft of this article was written when it was anticipated that the end of a range of Government support schemes…

Is the tier system leading to more Zombie companies?

28 October 2020: Since tighter coronavirus restrictions were introduced with the three tier system, more and more companies with little financial support are turning into…

Record borrowing outside of world wars

20 October 2020:  With the UK in one of its fastest debt spirals it is going to take a generation to balance the books.  The…

Helping our communities

14 October 2020:  Every year here at BRI we bring our offices together for a charity day, whereby a day of our staff’s time is…

Further substantial payment to HMRC

8 October 2020: We posted in March on this particular matter whereby £250,000 was paid to HMRC in respect of a Company Voluntary Arrangement (“CVA”)…

Covid-19 wiping out fashion

6 October 2020:  Lockdown has knocked the fashion industry off its pedestal. Not only have shops and factories closed but the way we work, travel…

More High Street restructurings

1 October 2020: Cote Brasserie is the latest name on the High Street to undertake a formal insolvency process in order to restructure its operations….

BRI Golf Day – The Finals

24 September 2020:  Yesterday we hosted a special event for the top 3 individual scorers from each of our regional golf days held in Northampton,…

Budgeting Time for the Budget

17 September 2020:  Due to the unprecedented events of 2020 the Autumn budget may arrive later than usual, and according to some recent reports, may…

BRI Regional Golf Days 2020

10 September 2020:  What wonderful weather we enjoyed at the 3 BRI regional golf days, held in tandem at Northampton Golf Club, Aspley Guise &…

Recovery …

26 August 2020: Whilst good news was recently announced from Virgin Atlantic, many small businesses also face challenges whilst they try to survive the recession….

Autumn is coming

19 August 2020: Rishi Sunak has ordered a review of the Capital Gains Tax (“CGT”) system to include a review of whether allowances and reliefs…

Breaking Bad or Breaking Even

12 August 2020: For those who remember the show Breaking Bad, they’ll know that Walter White had a very clear idea of the figures that…

Company Insolvency Statistics – Q2 April to June 2020

6 August 2020: From BRI’s perspective, the results recently published confirming that company insolvencies in England and Wales fell by 25% compared to same period…

Zombie companies on the cliff-edge

29 July 2020:  It is reported that the £160bn support package provided by the Government since lockdown has kept companies afloat that would have otherwise…

First arrests for coronavirus support schemes abuse

21 July 2020: The first arrests have been made in relation to fraudulent abuse of two of the financial support schemes announced by the Government…

Tenants, Landlords and a girl’s best friend.

15 July 2020: A successful negotiation with a company landlord was achieved by our Milton Keynes office during the lockdown period. The tenant business assisted…

BRI Golf Society (“BRIGS”) is back!

8 July 2020: After a 3 month gap, BRIGS recommenced this week with 12 attending. The venue was Overstone Golf Course with Tom Low sweeping…

Work in progress – the right advice and hopefully commerciality will prevail!

30 June 2020: BRI’s Northampton office has been referred a matter by a local accountant whose client company has ceased trading. The company in question…

First business casualties of Covid-19

25 June 2020: As businesses try to get back to the new normal, BRI Business Recovery and Insolvency are seeing the first casualties of Covid-19….

Welcoming the new ‘lockdown’ recruits

22 June 2020: We have pleasure in introducing two of our newest trainee insolvency administrator recruits for the BRI Coventry and BRI Northampton teams. Both…

You’re an insolvency practitioner – you must be busy?

18 June 2020: We are, but not as you might think. Because of the current pandemic and the headline insolvencies (often retail), people think we…

Restructuring Plan – another tool in the box?

15 June 2020: We are BRI Business Recovery and Insolvency, as our name suggests we are focused to help business recover first before having to…

A different type of business meeting

1 June 2020:  Whilst BRI Business Recovery and Insolvency are providing advice to many individuals and company directors via conference calls and video meetings, one…

Greatest Recession and the list of shops that can reopen and when

26 May 2020:  The Government last week published a list of shops that can now reopen immediately. https://www.gov.uk/government/publications/further-businesses-and-premises-to-close/further-businesses-and-premises-to-close-guidance To support these businesses, the Government have…

Insolvency shake up

21 May 2020:  The much-anticipated (at least to those of us in the industry) Corporate Insolvency and Governance Bill has just been released and is…

Health and Wealth (and how we can help)

15 May 2020:  As we enter the first week under new government guidance and the eighth week since the beginning of lockdown, I think it…

Flattening of the curve in liquidation numbers

4 May 2020:  It has been reported that there has been a decrease in both creditors’ voluntary liquidations (“CVL”)   and compulsory liquidations since the UK…

Businesses re-opening – Resilience and the Road to Recovery

28 April 2020: As Matt Hancock, Secretary of State for Health and Social Care, announces that he is happy with some businesses re-opening, decision making…

Freeing up cash in a Company Voluntary Arrangement (“CVA”)

21 April 2020: At BRI Business Recovery and Insolvency we recently approached a client of ours that is in a CVA to discuss the impact…

The suspension of the Wrongful Trading provision – What is Wrongful Trading?

15 April 2020:  The law states “where a director knew, or ought to have concluded that there was no reasonable prospect that the company would…

Further update on winding-up petitions

9 April 2020: Winding-up hearings are no longer being adjourned: The Insolvency and Companies Court has responded rapidly to the current situation and intends to…

COVID-19 and cash flow

8 April 2020: During these unprecedented times, cash flow management is key for businesses to survive. Collecting the outstanding monies owed to the company may…

Covid-19 and director’s loan accounts

2 April 2020: A director’s loan account records the amount of money that is owed to the company by its director(s) or vice versa. When…

Urgent payment to HMRC – much needed funds!

27 March 2020: We are dealing with a Company Voluntary Arrangement (“CVA”) and are holding significant funds due to be distributed in the future to…

Block adjournment of winding-up petitions

25 March 2020: On 23 March 2020, an Insolvency and Companies Court Judge set out the Court’s emergency response to managing winding-up hearings during the…

Not so fast…

19 March 2020:  There were of course a raft of changes announced in the new Budget on 11 March but one of the more significant…

Buy Cheap, Buy Twice?

12 March 2020: Contact was made with our Milton Keynes office by the director of a Company who had been placed into solvent liquidation more…

BRI Northampton Annual Quiz

9 March 2020: A great evening was had by all at BRI’s annual quiz, which was held at the Marriott hotel in Northampton on Thursday…

Directors’ duties cease on insolvency – or do they?

4 March 2020: In the recent matter of System Building Services Group Limited (in liquidation) the Court confirmed that a director’s fiduciary duties continued after…

Trust me, I’m an Insolvency Practitioner

19 February 2020:  With Members Voluntary Liquidations (“MVL”) (solvent liquidations), making up a significant proportion of the formal appointments currently being taken across the 6…

Location, Location, Location

14 February 2020: A company with a long trading history in the Milton Keynes area was recently referred to us due to mounting cash flow…

An early Valentine’s Day poem

4 February 2020: Roses are red, grass is green, after 11th of March, Entrepreneurs’ Relief may no longer be seen. The next Budget will be…

Another blow for the retail sector

30 January 2020:  According to retail sector analysts, in the UK there have already been almost 10,000 retail job losses in 2020. It is forecasted…

Flybe or Fly-not-to-be – should taxpayers bail out private firms?

23 January 2020:  The Government’s stance on assisting private firms in financial difficulty remains steadfast: they don’t.  Flybe is one of the most recent possible…

Have you considered the IP? (being Intellectual Property of course)

15 January 2020: Intellectual property rights can be amongst the most valuable assets owned by a business. This class of asset is extremely sensitive to…

One HMRC stat goes up, another goes down; both mean harder times ahead for those in difficulty

9 January 2020:  The number of winding up petitions from HMRC has hit a four-year high leading some commentators to suggest that they are using…

BRIEFS Ladies Christmas Networking Lunches

23 December 2019:  This year we held four BRIEFS ladies Christmas networking lunches, with Hitchin (pictured) hosting the last of the events on Tuesday 17…

Court approves the use of liquidation as a debt collection method

19 December 2019: The Insolvency and Company Court of England and Wales recently held in Sell Your Car With Us Ltd v Anil Sareen that…

Beware of the dangers of a winding up petition

16 December 2019:  Many company directors will have some experience of receiving demand letters from creditors, this can sometimes lead to county court judgements and,…

Recovery in shots in golf – recovery in business

11 December 2019:  For all that play golf, hitting the ball off track and into the rough calls for a thoughtful recovery shot to get…

What is the difference between bankruptcy and insolvency?

2 December 2019:  Bankruptcy in the United Kingdom only applies to an individual, Katie Price being one of the most recent celebrities declared bankrupt. Unlike…

Official Receiver aces Boris Becker

20 November 2019:  Former world number one tennis star Boris Becker was out-served by the Official Receiver in a recent announcement.  A 12 year bankruptcy…

Compensation from Disqualified Directors

13 November 2019: The Company Directors Disqualification Act 1986, a staple of the insolvency world which may not be widely recognised outside of it, was…

Alternative lenders – is it a wise move?

6 November 2019:  The BRI Business Recovery and Insolvency offices are experiencing a marked increase in queries from companies who have obtained loans from alternative…

Nearly half a million businesses in financial distress

1 November 2019: It has been reported that just under 500,000 UK businesses are facing significant financial distress – areas that have been impacted include…

Overhaul of airline insolvency process

28 October 2019: In the wake of the recent high profile collapse of Thomas Cook and the demise of Monarch Airlines in 2017, new legislation…

A Stitch in Time Saves Nine

9 October 2019:  Our Spalding office were recently approached with respect to assisting a company who make and fit curtains for both private and larger…

Too good to be true?

3 October 2019:  BRI Business Recovery and Insolvency’s Northampton office were called with a query whereby the advice already received from an unregulated advisor appeared…

BRI’s annual charity day

18 September 2019: The Canal & River Trust look after and bring to life 2,000 miles of waterways that connects hundreds of wildlife habitats and…

If only it was that simple

13 September 2019: We were recently approached here at the BRI Milton Keynes office by a builder, not to sort out our issue with the…

A new princess has arrived – ring out the bells!

10 September 2019: Harriet, daughter to Lauren and Mark Auburn and baby sister to Quinn is arrived safe and well. Mother and daughter are both…

HMRC upping their game with recovery and insolvency proceedings

3 September 2019:  In the vast majority of corporate insolvency matters we advise on HMRC are a significant creditor. We are seeing a marked increase…

Awareness of mental illness among debtors

27 August 2019:  BRI’s staff, including senior members, cashiers and the administration team, have all this month completed a full day of training which was…

HMRC cracking down on insolvency process abuse

23 August 2019:  HM Revenue & Customs (“HMRC”) have recently published a policy paper setting out proposed measures aimed at those parties who “unfairly seek…

And they all lived happily ever after…

19 August 2019: We were asked, by an accountant who knows trusts and likes us, to talk with a client who had hit a wrinkle…

Let’s take a look at the menu

12 August 2019: A recent rescue enquiry gave our Milton Keynes BRI office opportunity to flex the grey matter with respect to finding a solution…

Trying to be too clever

5 August 2019: BRI Business Recovery and Insolvency’s Northampton office dealt with a very unusual bankruptcy estate whereby it took two years for the aggrieved…

Director disputes and insolvency

24 July 2019:  The Hitchin office has seen an increase in disputes between company directors/shareholders in owner managed businesses. Director disputes can put extreme pressure…

Members’ Voluntary Liquidations

18 July 2019: Nobody sets up in business with the goal of putting their company into liquidation. A significant proportion of our clients have hit…

The Company is Limited but is my liability?

10 July 2019: Most company directors will have the belief that by setting up a limited company they will have set a limit on their…

Individual Voluntary Arrangements (IVA) and Company Voluntary Arrangements (CVA)

5 July 2019: The above are formal insolvency procedures to try and enhance the return to creditors and avoid bankruptcy for an individual and either…

HMRC claim small businesses owe £14bn in taxes.

2 July 2019:  We last reported that the government is proposing a two month breathing space to struggling debtors. It has now also been reported…

Formal breathing space to be given to struggling debtors

19 June 2019:  The Government has announced proposals to help those struggling with serious debt by providing a new two-month “breathing space”, during which they…

Company in distress (but what about me?)

13 June 2019:  If a company is insolvent, a director has a fiduciary duty to act in the best interests of the company creditors. Human…

It has taken a while but creditors receive a significant return…

3 June 2019:  BRI Business Recovery and Insolvency’s Northampton Office is to shortly conclude the administration of a very complicated and time consuming creditors’ voluntary…

Loan charges – warning – HMRC takes action

23 May 2019:  It has been reported that six people have been arrested over the promotion of fraudulent schemes that were designed to avoid paying…

120 jobs saved with CVA approved by 95% of creditors

14 May 2019:  BRI’s Coventry office achieved recent success in getting a proposal for a Company Voluntary Arrangement (“CVA”) approved by 95% of creditors.  The…

Company insolvency statistics – Q1 2019

2 May 2019:  The Insolvency Service have released the above and below is a summary of their findings: The total number of company insolvencies were…

HMRC with the upper hand

24 April 2019: HMRC is claiming the direct recovery of debt powers (granted in March 2016) to recover money owed directly from individuals’ bank and…

Rack ‘em up

17 April 2019:  The BRI Coventry office recently welcomed participants to their bi-annual pool tournament (held every Spring and Autumn) to do battle and establish…

Debt Relief Orders (“DRO”) 10 years on.

10 April 2019:  The insolvency Service has reported on the 10th anniversary of DRO. The Insolvency Service state that £2.3 billion worth of debt has…

It’s how you deal with matters that matter

5 April 2019: At BRI Business Recovery and Insolvency, we pride ourselves in providing the right advice first time, every time even though the advice…

Ill health impacting businesses

1 April 2019:  We have recently seen an increase in enquiries from businesses that are financially struggling due to the ill health of the directors…

Staff success

22 March 2019:  It is with great delight that we announce the success of Dan Smith in passing the Joint Insolvency Examination Board exams.  The…

Not always fair game

19 March 2019: Our Spalding office dealt with a recent enquiry involving a company director who had incurred the wrath of gaming fans following an…

How many new tennis balls are used at Wimbledon each year?

14 March 2019:  The above was the tie break question at BRI Business Recovery and Insolvency’s annual quiz held on 7 March 2019. With 37 teams…

Increase in company county court judgments (“CCJ’s”)

8 March 2019:  It has been reported that there were 93,534 CCJ’s against companies in England and Wales in 2018, a 27% increase from 2017….

Case study – Partners of a partnership – full exposure

5 March 2019: The Hitchin office has recently dealt with a two partner unincorporated partnership that is experiencing financial difficulty. The unincorporated partnership has assets…

A sure thing?

20 February 2019: The bankruptcy of the founder of the Layezy Racing Owners Club, Mike Stanley, has hit the headlines this week and has highlighted…

A little helping hand

15 February 2019: It is not uncommon for us to come across people who say they want advice on the financial position on their company…

Corporate Insolvency Q4 2018 Insolvency Statistics

30 January 2019:  The above statistics have been released this week and a summary of the key findings for 2018 are below: Company liquidations increased…

Energy firms up in smoke

17 January 2019: Eight energy companies went bust in 2018. That’s around 10% of the total number of firms. Fortunately for the consumer, gas and…

Standing on Shifting Sands

11 January 2019: When a company finds itself unable to pay its debts, the directors of that company should be alive to a shift in…

Signs that your customer may be experiencing financial difficulty

4 January 2019:  At BRI Business Recovery and Insolvency, we are fully aware of the numerous indicators that a company is suffering financial distress. Below…

Make sure you are actually solvent before making such a declaration

21 December 2018:  A recent High Court case, LRH Services Limited (in liquidation) v Trew and others, serves as a useful reminder to directors that…

‘Tis the season of goodwill to all men… not just some

14 December 2018:  When a company is in a formal insolvency process, such as a liquidation or administration, the directors could be criticised for allowing…

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….

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…

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…

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…

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…

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…

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…

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….

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…

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…

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,…

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…

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…

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…

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…

Six years of efforts paying off in the end

20 September 2018: As the Trustee in Bankruptcy, we have recently sold twenty-nine acres of Welsh farmland, which was the primary asset in the bankruptcy…

Creditors’ Voluntary Liquidation – payment to fixed charge creditor within 4 days of appointment.

17 September 2018:  BRI Business Recovery and Insolvency’s Northampton office have paid a company’s secured creditor under the terms of their fixed charge the sum…

Government announces new powers to disqualify company directors

13 September 2018:  The government has announced a number of new measures an attempt to improve corporate governance following a number of high profile large…

Entrepreneurs Relief – an easy kill

7 September 2018:  Headlines such as “Use entrepreneur tax relief cash to help fulfil NHS £20bn funding pledge, think tank says” (National Health Executive) might…

BRI – News from around the World

31 August 2018:  If, like the author, you are interested to know if/when your business gets mentioned in the news, or there is something posted…

Helping those that help themselves.

29 August 2018: BRI Business Recovery and Insolvency’s Northampton office are shortly to conclude a creditors’ voluntary liquidation after being appointed in December 2015. Prior…

What happens to a limited company when the sole shareholder/director dies?

23 August 2018: The limited company is a legal entity and the shares will vest in the deceased’s estate. The executor of the deceased’s estate…

Personal insolvencies rise – young men most at risk

16 August 2018: The latest personal insolvency statistics released by the Insolvency Service reveal that personal insolvencies rose 4% from Q1 to Q2 in 2018…

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…

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…

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…

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,…

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…

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….

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…

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…

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…

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….

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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,…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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)…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

And the winner is …

8 November 2017:  BRI Business Recovery and Insolvency’s Northampton office introduced a league system for their monthly golf society in 2017. The winner, by some…

Crash and burn – not on our watch!

1 November 2017:  BRI Business Recovery and Insolvency’s Northampton Office are pleased to report the successful early final conclusion of a Partnership Voluntary Arrangement (“PVA”)…

Young adults in seaside towns hit by a rising tide of debt

30 October 2017:  Statistics issued recently by the Insolvency Service highlight the impact of debt on young families living in seaside towns in England and…

Debtors may be given ‘breathing space’

24 October 2017:  The government proposes new plans where, for a period of time, debtors would be exempt from further interest, charges and enforcement action….

New addition to the Coventry team

19 October 2017: We are pleased to announce that the Coventry team has been strengthened with the hire of a new insolvency administrator, Laura South….

Another great return for creditors in a liquidation

17 October 2017: The Milton Keynes office is now taking steps to close a voluntary liquidation which commenced in February 2014. The assets in the…

When to take advice?

5 October 2017:  As a general rule, the earlier advice is sought, the more options are available. This is paramount if a company is facing…

A Royally Popular Event

4 October 2017: Business professionals from the Isle of Wight’s accounting, legal, financial and business advisory communities have been enjoying attending BRI’s Island Professionals Lunch…

DMPs – The New PPI?

2 October 2017|: Debt Management Plans (DMPs) have been increasing in popularity over the past few years as they offer a non-formal way for an…

Football meets golf

29 September 2017: Bob McDonald and Adam King of BRI Business Recovery and Insolvency’s Northampton Office tried a different take on golf along with some…

Bank rate rise

28 September 2017: The Bank of England recently announced that higher inflation and the pickup in growth could lead to interest rate rises soon. Growth…

Pitch Perfect – nearly!

18 September 2017:  Ian Cooke of BRI Business Recovery and Insolvency’s Northampton office recently entertained some valued contacts at a charity golf day hosted by…

The Insolvency Rules 2016: Creditors’ Rights

15 September 2017:  It is nearly 6 months since the Insolvency Rules 2016 (“the Rules”) came into force. If you, or one of your clients,…

The Scale of Consumer Debt in the UK

5 September 2017:  A recent report “Stuck in debt” published recently by Citizens Advice highlights the scale of Consumer Debt in the UK. The total…

Silver Award for Sailability Volunteer Peter

30 August 2017:  As the final Sailability Friday afternoon races for the Summer 2017 season drew to a close the Northampton Sailability Team had a…

Employee Benefit Trusts (EBT) Update

23 August 2017:  Finance Bill (No. 2) 2017 draft legislation was published on 13 July 2017, which includes the loan charge that will be applied…

Buying a financially troubled business?

21 August 2017:  How do you pick up the pieces from a financially troubled business and absorb them into your own operations or turn them…

Playing with a straight bat!

17 August 2017:  BRI Business Recovery and Insolvency take great pride in providing the best advice irrespective of the outcome for ourselves – always “playing…

Thirsty on a Thursday?

15 August 2017: Thirsty Thursday is an informal networking event aimed at the young professionals of Northampton and surrounding areas. It is hosted by BRI…

Community Matters

14 August 2017: The Milton Keynes office has been assisting a solvent working men’s club to bring the affairs of the club to an end…

It’s all about statistics

4 August 2017:  The latest quarterly insolvency statistics were released on 28 July 2017 and indicate that the underlying number of company insolvencies fell to…

A Refreshing Change

28 July 2017: Alan Limb from BRI’s Southampton office explains the benefits of seeking our help at the earliest opportunity. Frequently we help businesses in…

Big Brands ≠ Big Bucks as Silverstone trigger Formula One break clause

17 July 2017: Silverstone, the hosts of one of the UK’s biggest motor racing events, have triggered a break clause to end their contract with…

Professional Performance Pertaining to Petanque

14 July 2017: As many of you will no doubt be aware, the French find the English game of lawn bowls far too difficult and…

Administration – payment in full to fixed charge holder

11 July 2017: Peter Windatt of BRI Business Recovery and Insolvency was appointed Administrator of a company on 27 January 2017. The matter is being…

More than 97p in £ returned to creditors in an IVA

HMRC along with a number of other creditors were threatening to petition for the bankruptcy of the debtor. The debtor was referred to BRI Hitchin…

HMRC bank is still open for business

26 June 2017:  Alan Limb, from BRI’s Southampton Office, comments that HMRC still seem generous with the amount of credit it allows some Companies.  HMRC…

All that glitters is not gold (or diamond)

It has been reported that Dan Edgar, a star of constructed reality TV show The Only Way Is Essex, recently signed a disqualification undertaking for…

And the winners are…

14 June 2017:  BRI Business Recovery and Insolvency’s Annual Golf Day was held at Northampton Golf Club on 7 June 2017. Whilst the wind proved difficult for…

CVAs – an underutilised resource?

12 June 2017: A Company Voluntary Arrangement (CVA) can be an effective tool to allow the directors an opportunity to address the company’s debt problems…

BRI Northampton’s 35th birthday

BRI Northampton Office 35th Birthday Party The BRI Northampton Office team were delighted to be joined by so many professional contacts and friends for their 35th…

Dividend? – yes please.

30 May 2017: BRI Business Recovery & Insolvency deal with members voluntary liquidations (solvent liquidation) where dividends are the “norm” for the Company’s shareholders, very…

Alan helps with recovery at local school

26 May 2017: At BRI, our business recovery work includes helping underperforming companies address their financial and operational problems. Alan Limb, from our Southampton Office,…

Uncertain trading conditions

23 May 2017: Last year the referendum increased uncertainty in the business world. Many companies responded by deferring long-term plans and commercial decisions until some…

Security in relation to HMRC taxes

16 May 2017: HM Revenue & Customs (“HMRC”) may ask for a deposit or bond if they think there’s a risk you won’t pay your…

You have got to start somewhere …

12 May 2017: Whilst we specialise in business recovery and insolvency, some team members of BRI also play golf (often badly) and organise and attend…

BRI spread their wings…

11 May 2017: We are delighted to announce that BRI are further broadening their reach across the shires with the opening of a new office…

Preying on the emotionally weak

4 May 2017: When a company enters insolvency, creditors inevitably suffer and their emotions can be raw and tempers raised. A company’s statement of affairs…

Make sure you can see the wood for the trees

2 May 2017:  Alan Limb from BRI’s Southampton Office reminds us of the need to understand financial information before acting on it. I was recently…

Accountants battle for the title!

28 April 2017: BRI Business Recovery and Insolvency’s Northampton office held their Spring pool tournament last night – thank you to the 32 guests who…

A rose by any other name

12 April 2017: BRI Business Recovery and Insolvency are proud to be celebrating their 35th birthday in the Northampton office this year. The name was…

New baby, new rules

11 April 2017: As our very own Tom Guthrie from the Milton Keynes office becomes a dad for the second time following the birth of…

It takes (at least) two to tango!

10 April 2017: Ever wondered how to Cha Cha Cha with the best of them or Salsa like a true Latino, well a few ambitious…

It’s not always what you know but who you know…

7 April 2017: The Milton Keynes team were recently approached by a company that was experiencing cash flow difficulties.  Prior to the initial meeting, the…

Breakfast with a charitable focus

6 April 2017:  BRI recently enjoyed the company of over 30 professionals from in and around Northampton for a breakfast meeting, which included a presentation…

Get Your Priorities Right When Starting A New Business

5 April 2017: Alan Limb from BRI’s Southampton Office, shares the tale of a director he was recently asked to help. A local accountant introduced…

Oliver Adams Limited – update

3 April 2017: Oliver Adams Limited (“the Company”) has ceased trading on 30 March 2017 with 150 employees being made redundant by the Company. The…

Loan charges – updated HMRC publication with warnings

17 March 2017: Disguised remunerations and tax avoidance schemes are again in the spotlight. HMRC has published a warning against schemes which claim to avoid…

What is the highest possible break in snooker?

14 March 2017: The above question was one of many asked at BRI’s Northampton office’s 14th annual quiz, which was held on 9 March 2017….

Recovery Shot in Golf – Recovery in Business.

13 March 2017: For those that play golf, hitting the ball into deep rough generally needs a measured and thoughtful recovery shot to get the…

Retailers left behind

10 March 2017: Changing consumer habits, whether it be more online purchases, waiting for the sale and not following new trends and fashions or making…

Coventry Professionals’ Quiz Night

7 March 2017: A superb night was had by all at the annual BRI Coventry quiz held at the Holiday Inn in March. There was…

Providing empathy and understanding when it is needed most

6 March 2017: Alan Limb from BRI’s Southampton office explains how we are sometimes asked to assist in the most unfortunate of circumstances. In recent…

And they are go, go, GO!

3 March 2017: For a second year running, BRI Milton Keynes invited guests to join them at Simply Race for a fully immersive virtual motor…

A solvent insolvency

22 February 2017:  We have recently accepted the appointment as Trustee in Bankruptcy of an individual who was declared bankrupt but who does in fact…

Company Heath Check!

8 February 2017: BRI Business Recovery and Insolvency’s management team frequently provide company health checks as part of their advisory capacity and are happy to…

More recovery than insolvency

6 February 2017:  The Insolvency Service has now published its latest statistics for the fourth quarter of 2016, revealing that the total number of company insolvencies…

Time to Pay Arrangements

3 February 2017:  If your company or business is suffering from cash flow pressures and finds itself struggling to pay HM Revenue & Customs (“HMRC”)…

The right advice

1 February 2017:  BRI Business Recovery and Insolvency give the right advice, first time, every time. We sit down with the director to find out…

Old Dogs Learn New Tricks

31 January 2017:  Alan Limb from BRI’s Southampton office explains a change in Insolvency Legislation that will take effect shortly. The senior members of the…

Ho ho hope they find a cure for dementia soon

21 December 2016:  100% of the BRI Northampton office team took part in a Christmas jumper day on 21 December. While some are already off…

What just happened then?

20 December 2016:  With only a few days to go until the office end of year celebrations, our thoughts turn to the year just gone….

A Christmas Message

19 December 2016:  Alan Limb, from BRI’s Southampton office, has written the following festive ode. When Joseph went to Bethlehem To register for tax He’d…

Feeling warmer in winter…

14 December 2016: … with BRI at the Milton Keynes Winter Warmer event. To kick off the festive season, the Milton Keynes office invited along…

Katie takes the biscuit … plus lots more!

9 December 2016: BRI’s Northampton Office held their last marketing lunch of 2016 at the Church Restaurant. As is customary, a bountiful Christmas hamper was available…

Insolvency practitioners do have a sense of humour

29 November 2016:  When we used to recruit people to work for BRI directly, using newspaper advertisements etc. we used to say that we wanted…

Apparently it’s all about the release…

24 November 2016:  BRI’s Northampton office held an event with a difference, which was not weather dependent, and where 6 BRI team members along with…

Beware the unregulated adviser

23 November 2016:  As a result of an increased number of reports of unregulated or unlicensed advisers targeting businesses or individuals in financial difficulties, the…

You might as well jump!

22 November 2016:  Or ‘bounce’ as the case may be at the Bounce Indoor Trampoline Park. On Thursday 11 November, BRI teamed up with Shakespeare…

The more things change, the more they stay the same

21 November 2016: Alan Limb, a Licensed Insolvency Practitioner from BRI’s Southampton office, looks back to the start of his Insolvency career. It is 25…

Splashing out for the summer – all in a good cause

11 November 2016: For BRI’s Peter Windatt, a RYA Sailability Assistant Instructor (helping disabled get out on the water) in his spare time, the end…

Will I lose my pension in bankruptcy? – UPDATE

9 November 2016:  We reported in August (will-i-lose-my-pension-in-bankruptcy) upon the precarious uncertainties of pensions in bankruptcy.  Specifically, we were awaiting the Appeals Court decision in…

Is your business feeling the pinch of the pound devaluation?

4 November 2016:  Some businesses have experienced the increase in wholesale prices, especially where supplies are received from abroad with import product costs for businesses…

You can (food) bank on BRI!

3 November 2016:  BRI Business Recovery Insolvency specialise in offering assistance to individuals and companies in financial difficulty so their support of a local charity…

Frozen Out

2 November 2016:  BRI’s Southampton Office has been instructed by the directors of Ryde Arena Ltd to assist them in placing the company into Creditors’…

And the winner is…..

27 October 2016:  Tom Guthrie, Peter Windatt and Jean Armstrong from the Milton Keynes team were joined by Franklins Solicitors, Reid & Co Accountancy and…

Hitchin events

21 October 2016:  Suki Bains, a Licensed Insolvency Practitioner, has been delighted with the response from local professionals from Hitchin, Luton, Bedford, Stevenage and surrounding…

Lunch at the Church

17 October 2016:  BRI Business Recovery and Insolvency’s Northampton Office held their bi-monthly lunch at the Church Restaurant in Northampton on 11 October 2016 with…

No cockfighting – but chicken was on the menu!

4 October 2016:  Business Professionals from the Isle of Wight’s Accounting, Legal, Financial and Business Advisory communities gathered recently for the latest event of BRI’s…

BRI Northampton Promotions

28 September 2016:  BRI’s Managing Director, John Warburton, is pleased to announce the promotions of Bob McDonald and Joss Gilbert to Insolvency Administrators. Both Bob…

Mixing personal and company funds – an unhealthy cocktail

27 September 2016:  A recent High Court case, in which a husband and wife’s commingling of personal and company funds and failure to keep proper…

A Course with a View

15 September 2016: Somewhere, seemingly hidden amongst the narrow winding roads and inviting country pubs of rural Hertfordshire, is the beautifully presented Stevenage Golf Centre….

Will I lose my pension in bankruptcy?

31 August 2016:  A Trustee in bankruptcy can claim the surplus income of a bankrupt by way of an Income Payments Order (IPO) in which…

Secure Your Goods in the Event of Insolvency – Retention of Title

26 August 2016 Question. If one of your customers didn’t pay for goods, which you supplied, what do you think your chances of getting them…

What a star

24 August 2016:  Vivienne Finch, an insolvency administrator at BRI’s Northampton office, was asked by her 5 year old daughter Abigail to allow her to…

5 Reasons Why Businesses Fail

23 August 2016:  Alan Limb, an Insolvency Practitioner from BRI’s Southampton office was asked recently by a Consultant, Dale Howarth, to offer his thoughts on…

An update on APNs

16 August 2016:  In November 2015 we wrote about how there has been an increase in enquiries regarding Accelerated Payment Notices (APNs) and how these…

What a monster!

4 August 2016:  Adam King from BRI’s Northampton office, when not dealing with insolvency related matters, likes to fish and we had previously reported in…

Exam success at BRI

29 July 2016: BRI Business Recovery & Insolvency are delighted to announce that two members of their insolvency team – Chris Murphy, based in Milton…

The Mystery of the Missing Company

28 July 2016: Alan Limb, an Insolvency Practitioner from BRI’s Southampton office, tells the story of company where not everything was as it seemed. We…

Creditors receive dividends within 6 months of appointment.

18 July 2016:  BRI Business Recovery & Insolvency Northampton Office are dealing with the creditors’ voluntary liquidation of Urban Logistics Limited and were appointed on…

Dividend in Bankruptcy

14 July 2016:  After realising the Debtor’s interest in the two properties in their bankruptcy estate, one of which was the Debtor’s holiday home in…

Bedfordshire published their quarterly economic survey on 1 July 2016.

13 July 2016: Q1 2016 showed that there had been a downturn in local business confidence but quarter 2 bounced back in line with previous…

(Foot)golf; a good walk spoiled?

11 July 2016:  Someone (possibly Mark Twain) once said ‘golf is a good walk spoiled’, whether they would have considered footgolf an improvement or regression…

Alan Gets His Hands On The New Fiver

27 June 2016: The Bank of England will be issuing a new £5 note on 13 September 2016. The new notes are being unveiled by…

BRI’s Annual Golf Day

15 June 2016:  Our Annual Golf Day was held on 8 June 2016 at Whittlebury Park. The course was in superb order and, whilst all…

Another dividend success story

10 June 2016:  We are pleased to report that we have been able to pay a second (and final) dividend to the creditors of SMC…

The right result for creditors and debtors

1 June 2016: A Trustee in Bankruptcy has three years to deal with a debtor’s interest in their property and, if not dealt with in…

Oliver Adams Ltd – Proposed Company Voluntary Arrangement

27 May 2016: Long standing Northampton based bakers Oliver Adams Limited (the “Company”) has been experiencing some trading difficulties and are proposing a Company Voluntary Arrangement…

A Bitter Pill For Pharmacists To Swallow?

23 May 2016: The NHS has launched a consultation over cuts in funding for pharmacies in England. In a letter to the Pharmaceutical Services Negotiating…

A Trip To The Palace

20 May 2016: Alan Limb, from BRI’s Southampton Office, has volunteered as a Business Mentor for the Prince’s Trust for the past 15 years. In…

Competition v technology and insolvency

16 May 2016: We have again seen some famous high street brands entering insolvency processes.  Some have attempted the rescue route of Voluntary Arrangements and…

Statistics – all quiet on the insolvency front?

13 May 2016: They say that no news is good news; and that just about sums up the insolvency statistics for the Q1 (January to…

Successful return of funds to creditors

12 May 2016: In keeping with BRI’s longstanding track record of delivering results for creditors, we are pleased to report that we have recently returned…

Hiding From Your Creditors Won’t Make Them Go Away

10 May 2016: The recent case of Kevin McGeever highlights the lengths that some people will go to try and to stop their creditors pursuing…

Turning my business around – ten practical questions.

9 May 2016: Directors are regularly faced with challenging decisions when it comes to running a business.  At some point in the businesses life cycle,…

Hitchin Insolvency Practitioner Promoted

21 April 2016:  BRI are pleased to announce that Suki Bains, a Licensed Insolvency Practitioner based in our Hitchin office, has been promoted to Associate….

Changes to the bankruptcy procedure

13 April 2016:  On 6 April 2016, the application process for people wishing to declare themselves bankrupt moved online and out of the courts.  Previously,…

BRI Business Recovery and Insolvency Northampton Quiz Night

11 March 2016: What can you do to lift the spirits on a cold, foggy March evening in the run up to another austerity era…

The Professionals

10 March 2016: Local insolvency practitioner and accountant, Peter Windatt, has been appointed by the Association of Chartered Certified Accountants (ACCA) to be their representative…

The BRI Coventry annual quiz evening

9 March 2016: We had a great turnout for the BRI Business Recovery and Insolvency professionals’ quiz of 2016 in Coventry.  With 24 teams vying…

Even high profile legends don’t get away with it …

7 March 2016: It has taken BRI over 5 years to pin down the former director and the shareholder of a liquidated company. No names…

Alan is just the ticket for the Lottery

3 March 2016:  Alan Limb from BRI’s Southampton Office has been a Director of the Isle of Wight Chamber of Commerce since 2013, representing Chamber…

The one that didn’t get away!

2 March 2016: Adam King, of our Northampton office, hooked more than the usual dirty old boot on his latest fishing trip to a local…

Entrepreneurs’ relief to end soon

1 March 2016:  You may wish to consider a sooner-rather-than-later approach to winding up with the threat that Entrepreneurs’ Relief is to end soon for…

An Evening of Speed Networking!

29 February 2016: The BRI team in Milton Keynes hosted yet another successful and unique networking event where local professionals enjoyed an evening of simulated…

Date with BRI

18 February 2016:  The BRI Hitchin office hosted another ‘Date with BRI’ in celebration of their fourth anniversary in Hitchin. The lunch was held in…

Keeping busy in a, relatively, quiet market…

17 February 2016: As we recently reported, according to official figures from The Insolvency Service, an estimated total of 14,629 companies entered into a formal…

Liquidation of two established Northampton companies

4 February 2016: BRI’s Northampton Office has recently been appointed liquidators over Northants Precision Grinding Limited (“NPG”) and Roy Brothers Limited t/a Wright and Sons…

A sale is a gift until it is paid for

1 February 2016: Research published this week by Lloyds Bank estimates that British SMEs are owed more than £500billion by their customers in outstanding invoices,…

Insolvency Statistics – 2015

29 January 2016: The Insolvency Service has published the insolvency statistics for Q4 2015, which include the annual figures for the whole year. Main messages…

From a world record attempt to a world news event

On Wednesday 13 January 2016 our in-house adventurer, Peter Windatt, was on his way to the bottom of Les Deux Alpes glacier to participate in…

Open season for rogue directors?

18 January 2016: On 17 December 2015, the Ministry of Justice announced that insolvency litigation will lose its exemption from the Legal Aid, Sentencing and…

Finance Bill 2016 under consultation

8 January 2016: From 6 April 2016 the government are proposing new targeted anti-avoidance rules which set out the conditions where final distributions paid out…

Dealing with the Christmas credit hangover

23 December 2015: During the Christmas period, many individuals are faced with very specific pressures to incur credit, without necessarily considering the long term effects…

A modern Christmas tale – who let the dogs out?

21 December 2015: We met with a couple; together with the lady’s father they all attended the BRI head office in Northampton.  The lady’s partner…

It’s a boy!

18 December 2015: Unto us a child is born; we are pleased to announce that Lauren has had her baby. Unto us a son is…

Don’t use King Canute’s Courtiers for advice on your business

17 December 2015: BRI’s Southampton office is based in Ocean Village. Nearby is the spot where King Canute reproved his Courtiers in the year 1028….

Directors’ remuneration – the pitfalls

9 December 2015: In owner-managed companies, it is common for directors to pay themselves a modest salary (usually equivalent to the Personal Allowance) and to…

Named and shamed for not paying the National Minimum Wage

8 December 2015: The Government recently named and shamed another 113 employers who have failed to pay their workers the National Minimum Wage (NMW). Nearly…

Red or Yellow?

3 December 2015: BRI’s Northampton Office held their pool tournament in November whereby 32 local professionals chose their weapon (a cue) and battle commenced. The…

A much more constructive solution than liquidation

2 December 2015: The BRI Banbury office was approached to assist an Oxford based company working in the construction industry which has 60 employees, £1.7M…

Recent Closures Highlight Challenges for Tourism Sector

27 November 2015:  Alan Limb, from BRI’s Southampton Office, considers the recent closure of three established tourist attractions on the Isle of Wight. The end…

Wrongful trading; don’t get personally caught out

23 November 2015: All too often, directors are unaware of the risks of continuing to trade at a time when the company is considered to…

More successful returns to creditors

19 November 2015: We are pleased to report that, in a number of cases being managed by our Coventry office, we have recently been able…

HMRC continue to issue Accelerated Payment Notices (APN)

10 November 2015: The Hitchin office has experienced a rise in enquiries relating the APNs issued by HMRC. HMRC have the support of the Treasury…

BRI Northampton – significant dividends paid

28 October 2015: BRI’s Northampton Office would like to report on two creditors voluntary liquidations whereby dividends have recently been paid to creditors. Timsons Limited,…

Law Changes Should Help To Disqualify More #DodgyDirectors

27 October 2015:  Alan Limb from BRI Business Recovery and Insolvency’s Southampton office explains how a recent change in legislation is designed to disqualify more…

Signs of insolvency – when to seek advice

20 October 2015: It is often remarked that the insolvency profession would do more “rescue” work if directors sought advice earlier, i.e. before a formal…

A charity day for the Wildlife Trust

A team from BRI Business Recovery and Insolvency have been busy helping the Wildlife Trust keep their grazing land in tip top shape for years…

Nudge nudge, wink wink

6 October 2015: It has recently been reported in the accountancy press that HM Revenue & Customs (“HMRC”) is making increasing use of so called…

God helps those who help themselves….

1 October 2015: The above is a saying with which I am sure we are all familiar. A Bankrupt that we recently dealt with really…

Worse things happen…

28 September 2015: Always looking for new and exciting ways to kill himself BRI’s in-house John Noakes, Insolvency Practitioner Peter Windatt, recently returned to a…

Personal Insolvency Trends

Global information services company, Experian, have issued a press release (21 September 2015 – PERSONAL INSOLVENCIES DROP IN THE NORTH  regarding the changes in fortunes…

Dealing with HMRC

17 September 2015: “If you’re unable to pay your tax bill; then call BRI” is often a message we tell people.  These sentiments certainly rang…

Coventry office Ladies Lunch

On 10 September 2015 our Coventry office hosted their quarterly networking event designed specifically for local female professionals. The BRI Exceptional Females Society convened for a…

New Notification : Service by social media #nohiding

11 September 2015: With more than a billion people now said to have an active facebook account, it was perhaps unsurprising to learn of a…

Bankruptcy creditor petition threshold increases from 1 October 2015

With effect from 1 October 2015, the threshold for a creditor to petition for a debtor’s bankruptcy increases from its current limit of £750 to…

Assisting professionals with debt solutions

7 September: Whilst as a firm BRI Business Recovery and Insolvency provides advice and assistance predominantly relating to corporate matters, we also advise and act…

Stop the (clay) pigeon

4 September 2015: John Rimmer and Brian Coleman of BRI Business Recovery and Insolvency’s Coventry office recently took part in an afternoon of clay shooting…

Specialised Assemblies (W’boro) Limited in compulsory liquidation – update

3 September 2015: Asset realisations in this liquidation have currently passed £175,000 with additional funds still to be received. We have requested the Redundancy Payments…

Tax avoidance schemes and solvent liquidations

2 September 2015:  For a few years now there was an ongoing dispute between a solvent company in a Members’ Voluntary Liquidation and HMRC over…

Clubbed to death?

1 September 2015:  Two reports have been published recently which highlight the decline of the Licensed Trade. The Association of Licensed Multiple Retailers (“ALMR”) has…

Limit Your Liability If You Offer To Help Out

28 August 2015 We were recently asked to advise a Committee of volunteers who are in charge of a seasonal business. The Committee members are…

Can your landlord take your assets in lieu of rent?

Many will recall the days of old where landlords were able to waltz into commercial premises and secure any overdue debt by distraining over assets…

Give your business “Kerb Appeal” when you decide to sell it

Alan Limb from our Southampton office shares his thoughts on how businesses could prepare themselves for sale more effectively. There are many programmes on television…

Sailing enthusiast Peter jumps in at the deep end

Having recently qualified as a Day Skipper local Insolvency Practitioner Peter Windatt refreshed his old dinghy sailing skills and volunteered to help with local charity…

Is it possible for a company to be wound up upon a disputed debt?

Even when a debt is disputed, a petition to wind the company up can still be successful. In the recent case of Astra Resources plc…

Successful completion of an IVA

BRI Business Recovery and Insolvency are pleased to report that a dividend of 40.54 pence in the pound has been declared and paid to creditors…

Still in the firing line …

One of our Insolvency Practitioners, Peter Windatt, was asked to write an article for Practical Audit and Accounting on “Why do directors get banned”. The…

Pirate Golf with B-Arrrrr-Aye …

“Shiver me timbers” – BRI are pushing the boat out again with their unusual networking events. The Milton Keynes team recently hosted an evening of…

Insolvency Statistics for Q2 2015

Company insolvencies in E&W decreased and are now at the lowest level since Q4 2007. It was compulsory liquidations whose numbers fell most markedly –…

The Insolvency Exchange accept variation

A debtor (an accountant) entered an IVA in 2011. For four years she made monthly contributions without missing any payments. The proposal agreed by the…

Specialised Assemblies (W’boro) Limited in compulsory liquidation

The assets of the above company, which was subject to a winding up order on 8 June 2015, have been sold to a newly formed…

Clearance from HMRC in solvent liquidations

HM Revenue & Customs (“HMRC”) recently underwent a significant restructure so that all tax matters relating to insolvencies are handled in offices dependent upon the…

Fun in the sun!

The BRI Hitchin office chose a gloriously sunny afternoon to host their first FootGolf event at Stockwood Park, Luton on Thursday 18 June 2015. A…

Coventry office ladies lunch

On 17 June 2015, our Coventry office hosted their quarterly networking event designed specifically for local female professionals.  The BRI Exceptional Females Society were taken…

BRI Golf Day update

The weather when we all teed off to the sound of the claxon was unseasonably cold, although some brave souls (being plied with coffee and…

Double celebrations for our Hitchin office

BRI Business Recovery and Insolvency’s Hitchin office recently had its third birthday. The office is located in the heart of Hitchin town with easy access…

Reaching the summit – Mount Snowdon

Reaching the summit – Mount Snowdon One of our Coventry office team members, John Rimmer, joined Prime Chartered Accountants to raise funds for Birmingham Children’s…

Midland Glazing Services Limited

The joint liquidators obtained their release on 18 May 2015 and are delighted at their ability to maximise realisations which has resulted in preferential creditors…

BRI Annual Golf Day 10 June 2015 – already fully booked!

Whilst we specialise in Business Recovery and Insolvency we do like to play a bit of golf now and then.  BRI’s Annual Golf Day (for…

Our Ray of Sunshine

They say that the sun shines on the righteous; it would appear to be the case with our very own Peter Windatt who hosted our…

Do Something Amazing

Regular blood donor Peter Windatt, a licensed insolvency practitioner and director of BRI Business Recovery and Insolvency has reached a new donation milestone having given…

Northants Vehicle Refinishers Limited

The joint liquidators are pleased to report that a dividend of 12.08 pence in the pound was declared and paid to unsecured creditors on 13…

Nene Valley Construction Limited

The joint liquidators are pleased to report that a dividend of 66.37 pence in the pound was declared and paid to preferential creditors on 9…

The BRI Northampton 12th annual quiz evening

The BRI team in Northampton hosted their 12th annual quiz event at the Marriott Hotel, Eagle Drive, Northampton, NN4 7HW on Wednesday 25 March 2015….

W T Cragg & Co Limited (“WTC”) – (in liquidation)

Peter Windatt was appointed Joint Liquidator of WTC  in December 2012. WTC’s  origins date back to 1946 and it traded successfully for many years. Unfortunately,…

JIEB exam success at BRI for Marco Piacquadio

BRI Business Recovery & Insolvency are delighted to announce that Marco Piacquadio passed the Joint Insolvency Examination Board (JIEB) exams, therefore gaining the required qualification…

The BRI Coventry fifth annual quiz evening

The BRI team in Coventry hosted their fifth annual quiz event at the Holiday Inn, Ryton-on-Dunsmore on Thursday 19 March, 2015. Once again the event…

The Waiting Game II

In the bankruptcy of J K Punch, we are pleased to report that a second dividend of 43.36 pence in the pound (totalling £211,333.68) was…

Hot off the press…

Peter Windatt was asked by his regulatory professional body, the Association of Chartered Certified Accountants, if he would write an article for Contractor UK which…

The Waiting Game

At BRI we like to be able to close cases promptly, assuming all I’s have been dotted and T’s crossed, in order to avoid the…

It’s not over until the final whistle!

On a freezing cold Friday evening, BRI Business Recovery and Insolvency’s Milton Keynes office (“BRI”) (along with team mates made up of some local accountants…

A “cliff hanger” of an evening…

The BRI team in Milton Keynes hosted an event at the indoor Big Rock Climbing Centre on Wednesday 19 November 2014. The group had mixed…

Midland International (Hire) Services Limited t/a Midland International Motorhomes (in liquidation)

John Rimmer and Peter Windatt were appointed as joint liquidators of Midland International Motorhomes in August 2013. The company had traded from premises on the…

Chris Green t/a Chris Green Plumbing – IVA

The joint supervisors are pleased to report that a dividend of 92.71 pence in the pound has been declared and paid to creditors following the…

It’s a boy!

We are delighted to welcome Tom Guthrie to BRI. Tom is a qualified chartered certified accountant and a licensed insolvency practitioner. He will be based…

A Report from the River Rats

After months of excitement, training and trepidation, the day had finally arrived. The River Rat Race , held in London for the first time, promised…

Sale of stadium and security for Nuneaton Town Football Club

John Rimmer of BRI Business Recovery and Insolvency, and Joint Liquidator of Ian Neale Construction Group Limited – in liquidation, is pleased to report that…

Unity Leisure/Northampton Leisure Trust (Trilogy)

Peter Windatt’s name was put forward as a possible new director/trustee of the above organisation by Doug Iles of local firm Friday Legal (who has…

Cabair International (UK) Limited

Rebecca Dacre and Peter Windatt were appointed liquidators of Cabair International (UK) Limited in March 2012. The company had started trading only a few months…

Peter Windatt retires from Joint Insolvency Examinations Board

Following the JIEB Graduation celebrations on Friday 13th June 2014 Peter Windatt has retired from this examinations Board a year after stepping down as Chairman…

Property Professionals + Limited (in Liquidation)

Update to creditors, December 2013:- The joint liquidators advise that they are continuing to seek an appropriate offer of funding in order that the liquidation…

Direct Machine Tool Services Limited

We are pleased to report that in the above creditors’ voluntary liquidation we have recently made a distribution of approximately 25p in the £ to…

Securing the best outcome for creditors

We are pleased to report that we have recently made a first and final distribution to the unsecured creditors in the voluntary liquidation of K.G….

BRI in the Media

Alan Limb, from BRI’s Southampton office, has continued to contribute to media reports on the Administration of Coventry City Football Club Limited. This has included…

Who wants to be a millionaire? We do!

When Camelot needed a volunteer to help promote the EuroMillions Millionaire Raffle they phoned a friend, Alan Limb from BRI’s Southampton office. Alan lives on…

This article first appeared in the summer 2013 edition of RECOVERY and is reproduced with permission from R3 and GTI Media

View from the bridge: the JIEB examination Peter Windatt and Alan Katz give an insight into what it takes to pass the JIEB. Passing the…

Ian Neale Construction Group Limited – in liquidation

John William Rimmer and Peter John Windatt were appointed as Joint Liquidators of Ian Neale Construction Group Limited (“the Company”) on 21 May 2013. Whilst…

Interkey Services Limited

Great news for Corby – 17 jobs have been secured through the use of a Pre-Pack Administration of the company Interkey Services Limited – a…

Successful launch for BRI’s Island Networking Lunch event

33 professionals from the Isle of Wight’s accounting, legal, financial and business advisory communities attended the launch of a networking lunch event on 15 May…

Rebecca Dacre from our Milton Keynes office

Rebecca Dacre from our Milton Keynes office has been selected for an eventing sponsorship programme run by Scotts of Thrapston and Carlton Cross Country. Rebecca…

Strengthening the Services at BRI Business Recovery and Insolvency

We are pleased to announce that BRI Business Recovery and Insolvency has strengthened its team in Coventry through the awarding to John Rimmer, by the…

10th Annual BRI Business Recovery and Insolvency Quiz Goes Down a Storm

On a night when the heavens opened, and the wind and snow did their best to put people off venturing out, 39 of the 40…

The following article by Lee Jones has recently been published in the Coventry Chamber magazine:

What a difference 10 years makes! Coventry’s leading insolvency and business recovery specialist, BRI will be celebrating its 10th anniversary on 1st April this year….

The following article by Lee Jones has recently been published in the Coventry Chamber magazine:

Insolvency Practitioners? You must be really busy…. As Lee Jones, from Coventry’s leading insolvency and business recovery specialists, BRI Business Recovery and Insolvency says, “If…

Dividend declared

Dividend declared in the creditors’ voluntary liquidation of an engineering company. £193,453.75 has been paid to the unsecured creditors, representing a dividend rate of 38.4…

Taking the shirt off another back

Feeling a bit like a schoolboy bunking off his lessons local Insolvency Practitioner, BRI Business Recovery and Insolvency’s Peter Windatt, cancelled his normal Wednesday night…

Successful outcome for Northampton Charity

BRI have recently successfully brokered a settlement on behalf of a Northampton Based Charity to avoid the formalities of an insolvent liquidation which, ultimately, will…

John Rimmer taking some stick!

The World’s First Business Jedi, Andy Gibney, demonstrated his World Champion stick fighting skills at the BRI Business Breakfast event held on 20 November 2012….

Dentists – it’s not just pulling teeth!

We are pleased to announce the successful conclusion of a Dentist’s Individual Voluntary Arrangement (“IVA”). The original IVA proposals provided for creditors to receive 100…

Coventry’s Young Professional!

Brian Coleman, a senior administrator based in our Coventry office, has recently assumed the role of Chairperson of the Coventry & Warwickshire First Young Professionals…

Alan’s commitment is recognised by the Prince’s Trust

We have previously reported that Alan Limb, from BRI’s Southampton office, is a Volunteer Business Mentor for the Prince’s Trust. Alan has performed this role…

BRI River Rat Racers Supporting Shelter!

Every year, Shelter provides free help and advice to more than 3 million vulnerable families living in inadequate or unsafe housing, as well as those…

Property Professionals + Limited (in Liquidation)

Update to creditors, April 2014:- Further to previous updates, the joint liquidators are pleased to report that they have been successful in obtaining two offers…

Hats off to Peter!

Peter Windatt took part in the annual Brain Tumour Research “Wear A Hat Day” on 28 March 2014 and wore a top hat to work…

Midas Precision Metalwork Limited

We are pleased to report that in the above creditors’ voluntary liquidation we have recently made a distribution to unsecured creditors in excess of 47p…

Briant Curtaining Limited

We are saddened to report that a well and long established Coventry firm ceased trading on 10 March, 2014. Prior to this, all avenues to…

BRI conjures up an impressive total

Alan Limb, of BRI’s Southampton Office, has volunteered as a Business Mentor for the Prince’s Trust’s Enterprise Programme since 2001, supporting a total of 9…

The end of the case is nigh!

Our debtor left the country in 1998 some months after the flooding of his principal place of business, in Easter of that year.  He took…

Alternative Energy Technology Limited – in creditors’ voluntary liquidation

We are pleased to report that in the above creditors’ voluntary liquidation we have recently made a distribution to unsecured creditors in excess of 34p…

Olympic Flame Comes to BRI Northampton

On 2 July 2012 the BRI Northampton team found themselves stranded in their office as the carnival that is the Olympic Flame came to town….

End of the road for building contractors

BRI Business Recovery & Insolvency in St James Northampton has been appointed to deal with the proposed liquidation of the well established building contractor Wright…

Graduation Celebrations

On Friday 15 June 2012, Peter Windatt, Director of BRI Business Recovery and Insolvency and Chairman of the Joint Insolvency Examinations Board, was delighted to…

Our Latest Team Member

New recruit Bob McDonald joined the firm on 11 June 2012. For his first day he was asked to start at 10:30am to give the…

Surviving the Double Dip Recession

On Tuesday 19th May 2012, Peter Windatt, Director of BRI Business Recovery and Insolvency and a Licensed Insolvency Practitioner, was a Presenter and Panellist for…

The Helpful Insolvency Practitioner

The majority accept death and taxes as inevitable. Insolvency Practitioners though, like undertakers, we would prefer not to think about. Local Practitioner, Peter Windatt, of…

Insolvency ‘Pre-Packs’ – do they work?

What is a Pre-Pack? A Pre-Pack occurs when a company arranges to sell its business before being placed into Administration. The company’s business and assets…

Cabair International (UK) Limited

Cabair International (UK) Limited provided commercial pilot training and traded from Cabair Building 1, Cranfield Airport, Cranfield, Bedfordshire, MK43 0JR. The company commenced trading on…

Kenmark International Limited – The End!

Peter Windatt and Rebecca Dacre of BRI Business Recovery and Insolvency in Northampton were appointed Joint Liquidators of Kenmark International Limited (“Kenmark”) on 8 February…

New office opens in Hitchin

BRI are delighted to announce the opening of a new office in Hitchin at 7 Paynes Park, Hitchin, SG5 1EH. Suki Bains, Licensed Insolvency Practitioner,…

Company Voluntary Arrangement – creditors get paid in full

A Company Voluntary Arrangement (CVA) supervised by BRI has just been successfully completed. After the implementation of the CVA some 3½ years ago the company…

Sale of business results in a return for creditors

BRI are pleased to announce that a former sale of a business via a pre-pack Administration has now resulted in the secured and preferential creditors…

A Journey’s End – where did they go from here?

Last August (2011), we reported on the sad demise of Northamptonshire’s long established coaching company, Geoff Amos Coaches Limited. The day after our appointment was…

Tour Operator Closure

BRI Business Recovery and Insolvency have been instructed to assist the Director of OzBus UK Limited to commence steps to put the company into Creditors’…

Legal practice is saved by BRI Coventry Office

The Coventry office of BRI Business Recovery and Insolvency is pleased to report that it has recently completed the sale of a small solicitors practice…

BRI do care

BRI have successfully negotiated a time to pay agreement for a Care Home to repay HMRC some £100,000 over a 12 month period. We were…