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Lockdown Causes an Increase in Divorce Enquiries

According to recent news reports, and from speaking to some
of my clients, it seems the rate of divorce enquiries since lockdown has
increased exponentially.

The Daily Telegraph reported a 42% increase in enquiries to one firm.

It appears that the pressures caused by lockdown have proved too much for many relationships, be they financial, mental or just generally spending too
much time together.

At Inquesta, we are regularly instructed on divorce matters,
particularly where a business is involved.

We are often instructed to value the …

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Posted by: / Corporate Recovery & Insolvency / 0 comments

Business Summary: The Corporate Insolvency & Governance Act

At the end of March, the government announced a package of
measures to protect the economy from complete collapse due to COVID-19. The Act
has now received Royal Assent.

The Act is very much designed
for the challenging times in which we find ourselves. It aims to give companies
the optimum chance for survival and protect jobs.

The headline-grabbing measure involves the suspension of
wrongful trading.

If a director knew, or ought to have known, that there was
no reasonable prospect of their company going into insolvent liquidation, …

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Posted by: / Corporate Recovery & Insolvency / 0 comments

What You Need to Know – The Bounce Back Loan Scheme (BBLS)

In early May, the government launched the Bounce Back Loan Scheme
(BBLS) to support SMEs struggling with cashflow as a result of the coronavirus
pandemic.

The loan has a flat interest rate, no upfront fees and, in the
first year, interest costs are covered by the government. After 12 months, the
interest rate will be 2.5% per year.

It is important to remember that these are loans and not grants.
It is not ‘free money’. Companies still need to work closely with their
accountants, factoring repayments into …

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MARKETING MANAGER JOINS OUR TEAM AS COVID-19 CREATES IMPETUS FOR FURTHER GROWTH

We are delighted to welcome Matthew Titcomb to the new role of marketing manager as we gear up for the next phase of growth.

Matthew Titcomb has relocated from London to Manchester to
join us.

He was previously a marketing executive at Hanson Wade, a
conference organiser and provider of data products and services based in the
capital.

Matthew has a Bachelor of Arts degree in marketing and marketing
management from the University of Exeter and a master’s degree in marketing
from the University of Bath.

Director Rob Miller …

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Posted by: / Press / 0 comments

UK economy records largest ever monthly contraction on record in April 2020

The Office for National Statistics (ONS) had today reported that the UK economy shrank by 20.4% in April 2020, the largest-ever monthly contraction on record.

These figures are a cause for real concern and come on the back of yesterday’s announcement by the Organisation for Economic Co-operation and Development (OECD) that the UK economy may be the hardest-hit by Covid-19 among the major economies.

The figures must firstly be taken in context. Virtually all business ground to halt in April and marked the …

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Posted by: / Corporate Recovery & Insolvency / 0 comments

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