We have offices in Northampton, Banbury, Coventry, Hitchin, Milton Keynes 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

  • 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 in fact become a Spring budget. However, as many of us follow the idiom ‘hope for the best prepare for the worst’ no doubt a…
  • 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 & Woburn Sands Golf Club and Kenilworth Golf Club. Numerous prizes were up for grabs from nearest the pins and team winners but the main prize…
  • 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. Virgin Atlantic have won the backing of their creditors for a £1.2bn rescue plan, which will secure their future for at least 18 months and…
  • 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 could be simplified or scrapped. Members’ Voluntary Liquidations (“MVLs”) are one area that may be significantly affected as a consequence of that review. MVLs are…
  • 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 he needed to make from his new nefarious enterprise in order to provide for his family. Obviously things went pretty haywire for the formerly sensible…
  • 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 in 2019 is not a surprise. Whilst the Insolvency Service does not record whether an insolvency event is directly attributable to the COVID-19 pandemic, the…
  • 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 perished since March 2020. These Zombie companies cannot pay off the full debt they owe or find cash to invest and grow. A number of…
  • 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 in the wake of the coronavirus pandemic. A 57 year old made was arrested in Solihull on 8 July 2020 as part of an investigation…
  • 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 was a jewellers based in London. Now, whoever said diamonds are a girl’s best friend clearly never owned a dog. Nevertheless, jewellery and the sale…
  • 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 the board by winning nearest the pin and best overall score, scoring a huge 24 points. Below is a picture of Tom’s shot into the…
  • 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 has no HMRC liabilities or employees but has liabilities of approximately £80,000 owed to 12 creditors. The company’s only asset is £20,000 in the bank…
  • 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. One of the first casualties was a catering company whose clients included car manufacturers, where regular lunches were delivered, weddings and private celebrations. With business…
  • 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 joined just prior to the covid-19 lockdown rules and have no doubt faced some challenges with regard to working from home whilst learning and training…
  • 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 must be very busy. Companies continue to receive unprecedented levels of financial support at the current time. This is in the form of grants, loans,…
  • 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 sometimes resort to an insolvency process. Within the government’s Company Insolvency and Governance Bill 2020 (“CIG Bill 2020”) (currently being discussed in the House of…