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Brumark (Agnew v CIR)

The Agnew v Court of Inland Revenue (CIR) case in 2001, also known as the Brumark ruling, had a significant impact on the treatment of book debts by creditors. It had important implications for banking lending, debt finance, and particularly business loans.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Useful links

Row denies creditors £200m pot
Article published in Accountancy Age on 27 March 2003 reporting on the handling of the Brumark ruling by insolvency practitioners.

Getting fixed up
Article published in The Lawyer on 6 August 2001 providing a summary of the Brumark case, its implications and background. Requires login.

Articles and books in the Library collection

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