Article Category: Corporate

Final Opportunity for Preparing your Business for Sale?

instructing a family lawyer

Recently, it was announced that the Autumn Budget would be cancelled as the government explained that they had taken the view that “now was not the right time to outline long-term plans given the ongoing COVID-19 pandemic”. Prior to this, it had been expected that the Chancellor would announce changes to the rates of capital… Read more »

Armchair Investors Targeted by Sophisticated Fraudsters

fraudsters attempting to conduct cyber crime

We have recently received reports from clients of a bogus shareholder scam in which fraudsters target members of the public holding shares in well-known blue chip companies. The clients have been contacted by telephone by someone who introduces themselves as an agent from a share brokering company, often based in New York or some other… Read more »

Success Story: Deal Agreed to save Iconic Music Retailer, Dawsons Music

75 jobs and the 120-year history of Dawsons Music has been saved after administrators agreed a deal with another music retailer. Husband-and-wife team Andrew and Karen Oliver, who own Manchester-based Alan Gregory Music and Musical Instruments, have bought the business with all of the staff transferring over. Andrew said: “I’m excited to be taking on… Read more »

The Bounce Back Loan Scheme – A Way for Small Businesses to Bounce Back?

Boris Johnson recently announced that, as part of the easing of lockdown restrictions, all non-essential shops across England may reopen from 15th June. However, this is subject to meeting the Government guidelines designed to protect shoppers and workers from the risk of infection. The announcement will be welcome news to many business owners, but for… Read more »

Changes to Companies House Strike Off Policy and Late Filing Penalties

Companies House has announced temporary changes to its strike off policy and approach to late filing penalties to support companies affected by the COVID-19 outbreak in meeting their legal responsibilities. The new measures include: Pausing the strike off process to prevent companies from being dissolved When a company makes a voluntary application for strike off,… Read more »

COVID-19: Holding an Annual General Meeting (AGM)

Although there is no longer any statutory requirement for private companies limited by shares to hold an Annual General Meeting (AGM) in the same way as public companies, they may still be required to do so by their existing articles of association, or still maintain the practice of holding them once a year. If they… Read more »

Covid-19 – Can Force Majeure in a Contract be Called Upon?

“Force Majeure” is a clause written into many contracts, which allows a supplier or customer to suspend its obligations under some circumstances. The Covid-19 virus has wide reaching ramifications for businesses, especially SMEs. Many companies are either implementing or hastily developing plans for employees to work from home or shut down for a period now that the disease… Read more »

Companies House: Extension Granted for Accounts Filing due to COVID-19

As a result of Covid-19, Companies House has confirmed that companies will be able to apply for an immediate three-month extension period to file their accounts. Businesses were able to apply to make such an extension application from 25th March 2020. There are some exceptions where COVID-19companies have previously applied for an extension to their… Read more »

Non Disclosure Agreements: A Legitimate Need To Protect Trade Secrets

Non disclosure agreements (NDAs) – or confidentiality agreements – have hit the headlines in recent months, as a number of well-known entrepreneurs have attempted to limit public disclosure of their sometimes dubious dealings with employees. However, many businesses continue to have a legitimate need to protect their trade secrets, software or valuable confidential information such as… Read more »