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

Trust me, I’m an Insolvency Practitioner

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 BRI offices,  we often find ourselves pitching against low fee quotes found on the Internet.

A recent e-mail received from a competitor by a referring accountant was forwarded to us. We felt the need to investigate further, given that the headline was offering “an MVL for just £750 plus VAT and disbursements”.

The company offering this bargain basement MVL appears to be in need of some insolvency advice itself as, according to Companies House:-

  • Last filed accounts to 31 March 2017 show shareholder funds of £300;
  • Accounts for 31 March 2018 overdue (should have been filed by 31 December 2018 – and what about the 2019 accounts?);
  • Proposal to strike off the company.

If you are a director of a company that may be in need of an MVL, or if you are an adviser to such a company, please call any one of the BRI offices and talk to BRI’s management team. You want the best advice for you/your client and not just another fee for an Insolvency Practitioner. It’s not just what you earn, it’s what you keep; cost and value are two very different things.

BRI – right advice first time, every time.