Jeremy Dixon and Edward Jones paid their staff’s £98,000 redundancy bill from their own pockets when the practice collapsed last year, they have revealed.

The pair, who founded the influential practice 30 years ago, took out a substantial loan to ensure their 15 remaining members of staff did not miss out on money owed to them.

It allowed them to keep redundancy pay out of the winding-up process which might have seen staff waiting many months to be paid sums understood to average £6,500 each.

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