News

Welcome to our news page. Here you will find out what we’re up to and what we think about recent events and future possibilities.

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Devonshires’ Debt Recovery Department recover $600k from a major fashion retailer within three weeks
The team were instructed by a Turkish based international clothing manufacturer and supplier to major fashion retailers worldwide.
Leasehold Reform: Law Commission Publishes Report on Enfranchisement
The Law Commission has today published a detailed report on their findings, recommendations and proposals for Leasehold Enfranchisement Reform.
Devonshires act for Coastal Housing Group on their £110m debt raise
We are delighted to act for Coastal Housing Group on their £110m debt raise.
More employees likely to face pay cuts as furlough scheme makes taking a salary reduction socially acceptable
Partner Katie Maguire comments that thousands more UK workers could face pay cuts because the Furlough Scheme has made it more ‘socially acceptable’ for employers to ask staff to take a permanent salary reduction.
Summer Statement 2020: Employment Programmes
Rishi Sunak, the Chancellor of the Exchequer has announced his 3 point plan to get millions of people back to work: 1) to support people to find jobs, 2) to create jobs, and 3) to protect jobs. In this article, we focus on the employment programmes that were announced.
Changes to Stamp Duty Announced in the Chancellor’s Budget
The Chancellor of the Exchequer, Rishi Sunak, has today announced temporary changes to the Stamp Duty Land Tax regime.
Government announces plans to extend planning permissions
The Government have announced plans to allow planning permissions that would have been lost during lock down to be automatically extended. 
Devonshires host Virtual Flower Show to support Partner Charities
Summer is fast approaching, and whilst the usual efforts of fundraising for our partner charities have been disrupted, we decided to make the most of staying at home by taking our fundraising virtual.
COVID-19: Further guidance on the planning system
The Government have recognised the inflexibility of the CIL payment regime and have announced that they will introduce amendments to the Community Infrastructure Levy Regulations 2010 to enable charging authorities to defer payments and temporarily disapply late payment interest.
Government plans to relieve the restrictions on moving home
The Government has announced plans to relieve the restrictions on moving home which were imposed as part of their response to the Coronavirus outbreak.
Devonshires act for GreenSquare Housing Group on £540m debt restructuring
Devonshires’ Banking team are delighted to have advised GreenSquare Housing Group on a full restructure of its funding portfolio.
Testing of employees for COVID-19
From 29 April 2020, the eligibility criteria for who can be tested for COVID-19 have been expanded.