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Legal Tips and Requirements for Launching Your Business

Anna  Horrell
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Starting a business in the UK can be an exciting and rewarding endeavour. However, navigating the legal requirements and obligations can be complex and overwhelming. To help you on your journey, we have compiled a comprehensive guide to the legal tips and...

New transparency rules to keep companies squeaky clean

Anna  Horrell
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Company directors, people with significant control of a company, or anyone who files on behalf of a company, must ensure they comply with new transparency rules from March 2024.  Greater scrutiny of information lies at the heart of the new legislation,...

Start the Year Right: A Guide to Reviewing and Updating Legal Documents for Your Business

Anna  Horrell
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As the New Year dawns, it's not only a time for personal resolutions but also an opportune moment for businesses to ensure their legal affairs are in order. One of the critical aspects of this process is the review and update of legal documents. Whether...

Chattertons welcomes new Head of Corporate to the Team

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Chattertons has this week welcomed Anna Horrell as a new Head of Corporate to the firm based at their Stamford office. Richard Ludlow , Joint CEO of Chattertons said “we are delighted that Anna has joined the firm. Anna brings with her many years...

Chattertons Corporate Team celebrates busy couple of months

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It’s been a busy period for our Corporate Team here at Chattertons Solicitors having recently celebrated the completion of ten new deals with a further eight expected to complete by the end of 2022. Over the last year the team has been involved in...

Companies facing hard times get guidance on safe spending

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A ruling on the responsibility of directors towards creditors has been welcomed as companies face challenging economic times ahead. The long-awaited ruling on the so-called ‘creditor duty’ in BTI 2014 LLC v Sequana SA   is important in...

FCA approve acquisition of broker in deal advised by Chattertons Solicitors

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The Financial Conduct Authority has approved the acquisition of Leeds-based insurance broker Ravenhall Risk Solutions by Jenston Group for an undisclosed sum in a deal advised Chattertons Solicitors based in Newark. The deal bolsters Jensten’s...

Navigating the gig economy and the choppy channel across to franchising

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Businesses looking to expand may consider a franchise model as the solution to future growth without the demands of capital investment.  But getting franchising terms right is increasingly vital against the backdrop of the gig economy, with challenges...

Business post must always get through

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Side hustles, start-ups and other virtual businesses looking to avoid fixed premises costs need to make sure they have a mailing address where everyone can reach them.  Many companies use so-called ‘virtual’ addresses to avoid using their...

THE ANATOMY OF A BUSINESS SALE 3

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This is the third part in our series of notes on selling a business. The first part in the series set out the basic differences between a share sale and an asset sale (also known as a business sale). This second part looked at the different stages to a...

THE ANATOMY OF A BUSINESS SALE 2

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This is the second in our series of notes on selling a business. The first part in the series set out the basic differences between a share sale and an asset sale (also known as a business sale). This part looks at the different stages to a sale. Our...

THE ANATOMY OF A BUSINESS SALE

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Most owners of businesses do not sell their business more than once or twice in their lifetime. It is therefore quite a confusing process if you have not done such a sale before. If you are considering selling your business there are a number of legal and...

Key provisions to highlight in a franchise agreement

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Franchising in simple terms is a licence granted by a company (the 'franchisor') to an individual or company (the 'franchisee') to operate a business selling the franchisors' goods or services through use of the franchisors intellectual...

Chattertons advise on the sale of SW Cars Group car supermarket in Peterborough

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Chattertons' corporate, commercial property and employment teams have advised the shareholders of SW Cars Group on their sale to Big Motoring World for an undisclosed sum.  The acquisition increases Big Motoring World's number of used car...

Dividends and Director Loans

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We sometimes see as part of the due diligence process on business sales reference (often in financial statements) to a 'dividend' when payments to directors who are also shareholders are recorded, and other entries to 'director's loan...

Force majeure and Covid-19

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Understanding whether the force may be with you ‘May the force be with you’ is usually the concern of Jedi knights heading to battle in Star Wars, rather than something that company directors look for.  But for those companies looking to...

Intellectual property and copyright in digital art

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Digital assets have been attracting the attention of investors after a collage of Instagram postings and the first ever tweet triggered multi-million-dollar bidding.  The boom in the online art world has seen Grimes, the musician partner of Tesla...

SPRING BUDGET 2021 - CORPORATION TAX

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The 3rd March 2021 Budget had very few surprises (much of which had already been leaked to the press) in advance. It was also obvious that with the huge amount of borrowing to help support employees, someone would have to pay for it and the biggest...

Critical reporting for company relocations during pandemic

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A complex court case over conflicting dispute resolution provisions has highlighted a simple, but vital, takeaway on the importance of corporate reporting requirements for all UK registered companies, as the pandemic sees offices unattended or subject to...

A quick guide to succession planning for your farming estate

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Succession planning is an essential part of running a family farm business. Effectively planning for the future allows you to protect your assets, safeguard your business, ensure continuity and provide for your family. Succession planning in the farming...

Brexit and intellectual property disputes: Key changes

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The United Kingdom left the EU on 31 January 2020. The withdrawal agreement included a transition period to allow time to adjust to the differences in the legal regimes that would apply pre and post-Brexit. However, the UK's transition period with the...

Chattertons represent UK Piers Ltd and Skegness Pier Co Ltd on the sale of Skegness Pier

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Chattertons are proud to announce that they have recently acted for their long-standing clients in the leisure and recreation sector, UK Piers Limited and Skegness Pier Co Limited, on their sale of Skegness Pier. Skegness Pier Co Limited was incorporated...

Pandemic insurance claims set for settlement following ruling.

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As coronavirus continues its freeze on normal life, with strict lockdown measures back in place, many businesses will have breathed a sigh of relief following a Supreme Court ruling ( on Friday 15 th January ) confirming when business interruption...

Looking for the exit: Is it the right time to sell your business?

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Let's face it, for the vast majority of businesses, 2020 has not been a vintage year and understandably, we're talking to many business owners who have had enough or are questioning whether they have the continued drive or energy to take their...

Watching out for Director's Duties in difficult times

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With lockdown starting to ease and businesses starting up again after many weeks of closure, the issue of Director's Duties will begin to raise its head as directors find ways for their business to succeed in the "new normal". Director's...

COVID-19 Office Closure

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COVID-19 CLIENT NOTICE Chattertons are open and we are working hard to provide our usual high standard of service to our clients. We are now able to see clients for essential meetings, by appointment only.   Most of our advisors are working...

Help for Your Business during COVID-19

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COVID-19 – Help for your business In the past few weeks the pace of change affecting UK businesses has been unprecedented, with changes almost daily and the country waking up to school closures and many pubs, bars and restaurants closing. The...

Coronavirus COVID-19 Chattertons Update

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Chattertons Solicitors  are open for business.  However we are following government recommendations and would encourage you not to visit any of our offices except by prior arrangement. We are closely monitoring the developments of COVID-19 and are...

Construction: Consultant Not Liable for Site Investigation Report

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When a prospective developer is interested in purchasing a site, it is common that it will receive a site investigation report within a tender information pack. The contents of such reports vary from case to case, but there are often some key terms which the...

EQUIFAX FINED £500,000 FOR DATA SECURITY BREACH

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Credit reference agency, Equifax Limited, have been fined £500,000 by the Information Commissioner’s Office for failing to protect the personal data of up to 15 million UK customers during a 2017 cyber-attack. Have you read our previous article...

Persons with Significant Control - In The Know

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Are you aware of what constitutes having significant control in a company? Many companies are not aware of the requirement to register a person with significant control ( PSC ) or how it identifies a PSC. In this blog I look into how a person is deemed to...

Top 5: FAQs on deeds and documents

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So you have just spent many weeks (or even months) negotiating and drafting terms to your documents, and the time has finally come when these documents need to be signed – now what? How you sign these documents is important because if they are not...

VIAGOGO MAKES CHANGES TO TICKETING WEBSITE

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Fraught with controversy secondary ticketing site, viagogo, seems to be finally making amends following the latest development coming from the Advertising Standards Authority (‘ASA’). What is all of the drama about? Back in March 2018, the...

IICSA fined £200,000 for e-mail data breach

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A simple mistake of sending an e-mail to recipients in the ‘to’ field instead of the ‘bcc’ field has led the Information Commissioner’s Office to fine the Independent Inquiry into Child Sexual Abuse (the IICSA ) £200,000...

Business Sales: The Immigration Perspective

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When buying or selling a business, or even re-organising the structure of group companies, both sides to the transaction need to have a very good understanding of exactly what the business owns and does not own. Identifying and restructuring the business...

This is the (business) life!

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Whether you are a sole trader, a partner in a partnerships, the owner of a company or a charity trustee you would have noticed that we are experiencing a period of turbulence.  A number of significant changes contribute to increasing your workload and...

GDPR-DAY

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With the deadline for GDPR implementation looming ever closer (25 May 2018), you cannot wait for a New Year’s resolution before you look into how this will affect you and your business (or your charity, or your institution). If you have looked around,...