James Bradney, the former founding partner of failed insolvency firm Bridge Business Recovery, is to face charges of alleged fraud at the company.

Kent Police's Serious and Economic Crime Department said they had been carrying out a lengthy investigation into fraud, following the collapse of Bridge Business Recovery in July 2011. This came after the discovery of 'significant irregularities' which were reported at the time to include an alleged loss of £2.5m of client and company money.

Bradney has been summonsed in relation to five counts of conspiracy to commit fraud by abuse of position and trust, together with two counts of false accounting and one further count of conspiracy to commit false accounting.

Michael Worrall, a chartered accountant from Horsham, has been summonsed in relation to five counts of conspiracy to commit fraud by abuse of position and trust, and one count of conspiracy to commit false accounting. Both men are due to appear at Sevenoaks Magistrates Court on 4 October 2013.

Bradney had his ICAEW licence revoked with immediate effect in July 2011 following the allegations of fraud at Bridge Business Recovery, and subsequently filed for bankruptcy.

Colin Haig and Samantha Bewick, partners at KPMG, were originally appointed as administrators to Bridge Business Recovery after attempts to organise a pre-pack sale fail to the firm's other partners failed. Bewick and KPMG insolvency partner David Standish were then appointed as liquidators to the company in 2012.

According to the creditors report issued by KPMG in August 2011, unsecured creditors were owed more than £4m including £1.3m to HMRC. Prior to its collapse Bridge Business Recovery, which had seven partners, had recorded a profit of £2m on revenues of over £4m.