Creditor
Timeline: Robin Barrasford and Halcyon
The reported arrest of Robin Barrasford in Spain is the latest development in a long-running sequence of events involving Barrasford, Alan Bird, and Halcyon-branded companies. Barrasford, pictured above, is a former British police officer and one of the directors linked to the Halcyon Retreat scheme. According to a story published earlier this month in The…
Read MoreAshbrookes Loan Notes Update: Security, Default, and Recovery
Investors and loan note holders in the Ashbrookes Group structure have contacted Insolvency & Law, reporting delayed or missed redemption payments. Reports such as these raise questions about: Ashbrookes marketed its John Street product as a 12% fixed rate, secured-loan note. Investors were introduced to a structure built around a Sunderland development. We reviewed investor…
Read MoreAventurine Climate and WH2025: What the Documents Show…
Publicly available records for energy company Aventurine Climate Ltd (previously known as WH2025 Ltd) raise questions about how investor security: These questions may be relevant because several companies connected to Aventurine’s wider structure have either: Some of these companies include Platinum Energy Solutions Ltd, and: At the time of writing, Platinum Energy Solutions has been…
Read MoreHardship for 100,000 SME construction firms
Almost 100,000 small to medium-sized enterprises (SMEs) in the construction industry faced serious money problems in the first quarter of 2021, a study by business rescue experts Begbies Traynor has revealed. The findings reveal that in the months leading up to 31 March, 96,067 British SME construction firms had either: County court judgments (CCJs) of…
Read MoreBenefits of a creditors’ committee
Creditors in a statutory insolvency procedure should establish a creditors’ committee if they want to influence proceedings, set the basis for the insolvency practitioner’s fees, and increase dividends for the general body of creditors. A creditors’ committee consists of 3 to 5 people who are responsible for setting the basis of the insolvency practitioner (IP)’s…
Read MoreUnderstanding your insolvency practitioner (IP) Part 2
It’s fair to say the laws surrounding the insolvency regime were written largely by and for insolvency practitioners (IPs). The legislation governing insolvencies throughout England and Wales came into force with the passing of the Insolvency Act 1986. These laws were updated 30 years later with the enactment of the Insolvency Rules 2016. The 2016…
Read More