Ince & Co administrator reveals partners had ‘no appetite’ to rescue failing firm with £8.5m cash injection

Ince & Co partners ruled out a £8.5m capital injection that may have saved the firm from financial failure, according to a report from administrators Quantuma.

At a meeting in October 2018, Ince partners were informed that if a sale to a third party could not be hastily arranged, partners would have to agree to a three-year lock in and contribute at least £8.5m to rescue the firm.

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