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

  • 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 Formula One with the last race to be held in 2019. Losses have mounted year on year for the owners of Silverstone to host the…
  • 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 therefore invented a simpler variation of the game known as Petanque (ok, that statement may not be entirely true). The game involves competitors planting their…
  • 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 dealt with by BRI’s Northampton Office with Peter securing the sale of the company’s goodwill in late May 2017. The company’s bank held a fixed…
  • 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 by a local solicitor. The debtor, following a messy divorce, had no instant cash. However, he did have assets in the UK and abroad and…
  • 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 is an involuntary creditor. It has little control over how much businesses owe it. The only way for HMRC to stop “lending” more money to…
  • 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 14 years following an investigation by The Insolvency Service. This means that Mr Edgar cannot be involved in the promotion, formation or management of a…
  • 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 all, we were blessed with sunshine throughout and the course was in very good order despite torrential rain the day before. With plenty of prizes to…
  • 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 and to reorganise the business. CVAs are designed as a mechanism for business rescue and will result in a greater return to creditors in comparison…
  • 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 Birthday Party on Thursday, 25 May 2017. The business that is now BRI Business Recovery and Insolvency was started in 1982 when a former director…
  • 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 often within a matter of weeks from appointment. BRI also deal with creditors’ voluntary liquidations (insolvent liquidation). Northants Precision Grinding Limited (“NPG”) is one such…
  • 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, has used that experience to assist his local primary school in Niton, Isle of Wight. The school was placed into Special Measures by Ofsted in…
  • 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 of that uncertainty had resolved itself. But at some point, companies have to take a view and make some choices. Dealing with the fluctuating pound…
  • 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 tax or duty on time. They call this a security and if you don’t pay your bill HMRC can use the security to settle it.…
  • 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’s golf events in Northampton and Coventry. Adam King from BRI’s Northampton office is endeavouring to introduce local professional contacts to the wonderful game by…
  • 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 in Spalding. Chris Murphy, who has been a part of the Milton Keynes team for the last two years, will be at the reins and…