Insolvency articles

Bristol Cars Ltd - Bristol Cars Services Ltd - Frazer Nash Energy Services Ltd

Posted on March 06, 2020 by

Prestigious brand Bristol Cars has finally succumbed to financial pressure and winding up proceedings brought by Her Majesties Revenue & Customs. A Winding Up Order was made against five group Companies on 22 January 2020 swiftly followed by an application to rescind the Order. This application was finally dismissed on 28 February.

Jeremy Frost and Patrick Wadsted of Frost Group Ltd were appointed Joint Liquidator with effect from 3 February 2020.

The Brand, was founded in 1910 by George White and was the first aircraft works in the United Kingdom to be organised and financed on an industrial scale. The company was planning to manufacture motor cars from as early as 1941 and were known for their bespoke manufacturing and high-quality models. Sadly, despite significant ongoing investment Bristol Cars has been unable to generate new product lines to allow them to flourish in the future.

Jeremy Frost commented It is with regret that we have seen another iconic UK brand failing to deliver in a changing world. We have already received numerous enquires relating to the Companies assets and we are hopeful that we will be able to salvage some value for Creditors as well as allow some memory of a former giant of British Industry to remain. He continued that the Joint Liquidators would continue to view Creditors as a priority as they look to realise the Companies Assets.

For all enquiries please contact Frost Group Ltd, Regus, 26 Elmfield Road, Bromley, BR1 1LR. 0345 260 001. Email enquiries@frostbr.co.uk

MVL Returned Capital

Posted on March 27, 2019 by Jeremy Frost

And now for the good news…

Despite Brexit, global warming and the war on terror, Frost Group has continued in its never-ending quest of returning capital to hard working business owners whose circumstances have changed.

With 2018 over we can now report that we distributed £17m to shareholders, arising from businesses as diverse as accounting, property development and marketing professionals, as well as the ubiquitous IT contractors.

For 2019 we have already identified over £5m of monies to be returned, as our plans to top the £30m mark for the year are certainly on track.

We continue to attract good feedback, particularly from those who, despite instructing other providers, usually at their accountant’s behest, now actually want the job done in a timely and cost effective manner.

So, my question is simple. Do you want to help your clients get their hard earned money back and us return £30m of capital during 2019? Our fixed fee charges have not changed, however, small charges have been placed up us in terms of advertising.

For more details, visit the website on https://frostgroup.co.uk/members-voluntary-liquidation

We look forward to working with you.

Trading Whilst Insolvent

Posted on August 04, 2015 by Patrick Wadsted

Cases involving the disqualification of directors for trading whilst insolvent are something like a bus. One never comes for ages and then two come at the same time.

What can I do if my business is behind with VAT and PAYE payments

Posted on May 12, 2015 by Patrick Wadsted, Licensed Insolvency Practitioner

Benjamin Franklin has been quoted as saying “In this world nothing can be said to be certain, except death and taxes”. Nothing can be more true if your company does not pay the tax that it owes to HMRC. It will eventually die. However the death of the company is often avoidable if proper professional advice is taken early enough.

The Administration and CVA of AFC Bournemouth

Posted on May 12, 2015 by Frost Group Limited

Darlington away, 3 January 2009. Not my first away game as an AFC Bournemouth fan (far from it!), but it seems like the most appropriate place to start this modern day football fairy tale, which is as much about Eddie Howe as it is about the Club itself.