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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 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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Case study: Accelerated marketing campaign leads to rescue of insurtech insurance provider
BM Advisory was recently approached to advise the Board of a start-up insurtech company on its strategic options given the financial pressures it had encountered. The company had previously secured venture capital funding of c£1m but had begun to experience cashflow...
read moreSeason’s greetings from all at BM Advisory
As 2018 draws to a close, we would like to take this opportunity to thank you for your valued support this past year. Rather than send Christmas cards, we will make a donation to two of our chosen charities for 2019, the Honeypot Children’s Charity and Shelter from...
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BM Advisory appointed administrators of Diamond Glass (Medway) Limited
Andrew Pear and Richard Keley of BM Advisory LLP, the specialist restructuring, recovery and insolvency firm, were appointed Joint Administrators of Diamond Glass (Medway) Limited (“the Company”) on 9 November 2018. Formed in 1995, the Company was a well-established...
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BM Advisory facilitates sale of Flooring Republic to Taylor Grange (Retail) Limited
Joint Administrators Michael Solomons and Andrew Pear of BM Advisory LLP, the specialist restructuring, recovery and insolvency firm, have successfully concluded a sale of the business and assets of Anbo International Limited (“Anbo”) and Flooring Republic Limited...
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