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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...
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...
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...
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' 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...
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...
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...
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...
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...
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...
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...
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 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...
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...
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...
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 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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
