It comes as no surprise to me to hear it reported that the UK has returned to recession with new figures showing the economy contracted in the first three months of 2012. GDP shrank by 0.2%, according to the Office of National Statistics, following a 0.3% contraction in the economy at the end of 2011. Two consecutive quarters of negative GDP growth mean the UK economy is now considered to be in recession.

As Morecrofts’ insolvency expert I have noticed a steep increase in the number of new instructions we are receiving from businesses seeking to restructure and reduce their overheads. This had led to our giving advice on exiting out of leases or renegotiating the terms of a lease, employment advice on redundancies or laying off staff, and advising on rescue procedures for insolvent businesses. Clearly the outlook is not good and businesses should take advice early to maximise their ability to trade through this unprecedented recession.

For further information please call 0800 949 9123, or alternatively you can email us via the website here.

With only 2 days left until the First Time Buyers Show the Morecrofts Marketing team are busy putting the finishing touches to the event arrangements. The exhibition is being held on Saturday 21st April, at the Halliwell Jones Stadium in Warrington and opens from 10am until 4pm. The show is aimed at providing first time buyers with all the information they need to take their first step on the property ladder.

Morecrofts property team will be on hand at stand 20 to give practical legal advice to first time buyers and to discuss the options available to them. We will be running a prize drawer to win a bottle of champagne and invite you to play a game of monopoly for your chance to win some great giveaways! We also have a free first time buyer information pack to give out so make sure you come down and see us at stand 20.

To download your free show ticket please click here