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The return of the Crown as a preferential creditor – what is the impact on businesses?
During the Budget speech in October 2018 it was announced that the Government planned to reinstate the Crown as a preferential creditor for certain taxes in insolvency procedures. The policy change is due to take place on 6 April 2020. The proposed change Prior to...
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The Budget, HMRC and Insolvency
The Government and HMRC are continuing to seek ways to maximise tax receipts. The recent Autumn Budget contained two principal changes to the treatment of unpaid tax in an insolvency process. 1) HMRC preferential creditor status With regard to corporate insolvencies...
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Four key points every advisor should know about company insolvency
If you have a client facing the prospect of company failure and therefore insolvency, then as a professional advisor, you can expect the directors to turn to you with a barrage of questions. To help you put your client’s mind at rest, here are answers to four of the...
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How manpower agencies can manage the risk and costs associated with working with RPOs
The recruitment process outsourcers (RPO) market has seen significant levels of growth over the last 10 years as corporations reap the benefits of total management of the recruitment function. Yet for manpower agencies supplying temporary staff to corporations, with...
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Business tax arrears? Get help obtaining a HMRC Time To Pay arrangement
If your company or your client’s company finds itself in financial difficulties, one of the most important creditors you need to consider is HMRC. Although HMRC doesn’t have any more power than other creditors, it does have the necessary systems in place to spot late...
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BM Advisory facilitates sale in part of David Taylor Automedia Limited t/a Automedia – In Administration
Joint Administrators Andrew Pear and Michael Solomons of BM Advisory LLP, the specialist restructuring, recovery and insolvency firm, have successfully concluded a sale of the goodwill, customer list and order book of David Taylor Automedia Limited t/a Automedia, in...
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BM Advisory facilitates sale of Jena Tec, saving all jobs
Joint Administrators Michael Solomons of BM Advisory LLP and James Robinson of Finn Associates, the specialist restructuring, recovery and insolvency firms, have successfully concluded a sale of the business and assets of Jena Tec Precision Limited to Motion Control...
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Buyer sought as BM Advisory appointed Administrators of Jena Tec Precision Limited
Mike Solomons of specialist restructuring, recovery and insolvency firm, BM Advisory LLP, and James Robinson of Finn Associates, were appointed Joint Administrators of Jena Tec Precision Limited (trading as Jena Tec) on 17 September 2019. Jena Tec (“the Company”),...
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BM Advisory facilitates sale of hipster fried chicken chain Bird
Joint Administrators Andrew Pear and Michael Solomons of BM Advisory, the restructuring, recovery and insolvency firm, have successfully concluded the sale of the business and assets of Dirtybird Restaurants Limited to Inspirational Bar & Restaurants Management...
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BM Advisory boosts tech offering with appointment of Thish De Zoysa
Restructuring, recovery and insolvency specialists, BM Advisory, are pleased to announce that Thish De Zoysa has joined the business as Senior Consultant, providing a significant boost to the firm's turnaround expertise within the tech sector. Thish, a Chartered...
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