Home About Contribute Media Kit Contact Sign In


Finance Industry News

Inquesta spearheads one-stop shop to help businesses survive the pandemic

Experts join forces during critical phase

Inquesta spearheads one-stop shop to help businesses survive the pandemic

"We are acutely aware that, in the current market conditions, many businesses need help with their strategy to survive and thrive once again"
Rob Miller

Insolvency practice Inquesta has teamed up with a range of specialist professionals to create a one-stop shop to enable struggling companies to survive the Covid-19 pandemic.

The initiative is focused on intervening at an early stage to help businesses restructure and emerge stronger from the crisis.

Working alongside Inquesta’s insolvency team are commercial finance brokers, cost-savings specialists, interim finance directors, employment and HR professionals, tax advisers and business coaches.

Inquesta director Rob Miller, who is spearheading the scheme, said: “The next few months will be critical for many businesses.

“Many directors will be lying awake at night worrying about what the future holds, as the government’s furlough scheme comes to an end and bounce back loan repayments and deferred VAT payments fall due.

“Added to that, tax increases are on the horizon, and consumer spending is likely to decline.

“These factors will put further pressure on cash flow which, for many companies, has already been hugely impacted by the pandemic.

“In many cases, their lost income is not recoverable. The next few months could well prove catastrophic, unless they take action now.”

The process begins with a full and independent review by Inquesta’s corporate recovery team of the struggling business. They identify the areas of help required, and then signpost the owners to the right expert from the panel.

Rob, pictured, said: “Over the years, we have developed strong relationships with a variety of specialists who are committed to keeping businesses afloat,” he said.

“Since lockdown began, we have been holding virtual meetings each week and have, from these discussions, agreed to combine our resources to create a one-stop shop, with the emphasis on early-stage intervention to help make businesses as Covid-proof as possible.

“I’m really excited about this service. It’s a natural step for Inquesta to take, as we have a track record of securing the best options for clients with a tailored service.

“We are acutely aware that, in the current market conditions, many businesses need help with their strategy to survive and thrive once again.

“We are committed to getting to the heart of their issues, identifying their deepest challenges, and then directing them to the right expert to begin the recovery process as quickly as possible and achieve the optimal results.

“Now, more than ever, time is of the essence when it comes to getting companies the support they need to stay in business. By helping them to restructure or adapt in other ways, they can get back on their feet and emerge stronger from the pandemic.”

So far, Inquesta has worked with a number of north west manufacturers and construction sector businesses to plan their survival in this way.

Inquesta has its headquarters in Radcliffe, Greater Manchester, and a presence in Leeds and London.

Rob said insolvency practitioners were often viewed as being out to simply shut businesses, but said this is not the case.

“The preference is always to save a business, and there are options available to achieve this, such as debt restructuring, cost cutting or a company voluntary arrangement,” he said.


Finance Business News - Loubie Westaway joins My Management Accountant with a remit to help clients reduce their corporate and personal tax liabilities through implementing planning strategies and restructuring where necessary.

Yorkshire cloud accountancy firm strengthens team with client tax specialist

Finance Business News - Leeds-based Fresh Thinking Capital has helped a young entrepreneur acquire funding to support the expansion of his successful hospitality business.

Fresh funding fuels leisure business expansion for a young entrepreneur.

Finance Business News - An apprentice at West Lancashire firm Acumen Financial Partnership says lockdown helped him focus on becoming a fully qualified adviser. Daniel Frampton, who s 21, finished The Chartered Insurance Institute CII apprenticeship four months early despite some of his exams being cancelled.

Lockdown success for West Lancashire apprentice

Finance Business News - Three professional services firms based in Manchester have come together to share their expertise by providing a series of webinars. Alexander amp Co Chartered Accountants and Tax Advisors, BLM Law and Xentum Financial Planning and Wealth Management will provide these complementary to both clients and non-clients.

Three Manchester businesses are sharing their expertise in a series of webinars

Finance Business News - COVID-19 pandemic is taking its toll on both the lives and livelihoods of the UK nation. For businesses, the challenge of regaining the monetary losses suffered in recent months commences. This is particularly true for SMEs.

How SMEs Can Support Their Finance Department After a Pandemic

Finance Business News - As a society, we are becoming more eco-conscious, both as consumers and as businesses.

Want to Empower Your Employees To Be More Sustainable?