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Tuesday, 5 July 2011

Bridge Business Recovery in Administration Following Failed Pre Pack Deal

It has been reported in Insolvency News that Bridge Business Recovery has gone into administration after a pre pack deal to sell the business to the existing partners was blocked by the Court on Friday 1st July.  KPMG IPs are the administrators.

The firm had 7 partners and operated mainly in London, the South East and the Midlands.  They had offices in Bedford, Tunbridge Wells and The West End of London.

Update 10pm

It is alleged that the LLP owed more than £1m to HMRC last week.We also hear that Police have been involved. More to follow.

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