SAS Daniels advises on further growth for 4Recycling

North West law firm SAS Daniels LLP has advised national waste management business 4Recycling Ltd on its acquisition of Heywood-based ByProduct Recovery Ltd for an undisclosed sum. The deal adds a further £3 million to 4Recycling’s turnover and boosts its geographic coverage in North West England, Scotland and Northern Ireland. The deal also increases 4Recycling’s… Read more »

Personal liability for directors: a pre-packed problem

Pre-pack transactions create an enormous number of ethical headaches; one of the main objections being that directors of a failed business can effectively “dump” debt and other liabilities and start afresh under a new company. However, it’s not really that easy or simple. More frequently than not, if directors have given personal guarantees in relation… Read more »

The Bribery Act – Business owners beware

The Bribery Act 2010 came into force on the 1st July 2011 and has introduced changes that will have a significant impact on all businesses. It is therefore vital that business owners take this piece of legislation seriously. Businesses would be well advised to introduce appropriate measures to ensure that there is widespread awareness of… Read more »

ICO push for Freedom of Information requests to be handled in a timely manner

August was a strong month for reminders from the Information Commissioner’s Office (ICO). Not only were local authorities reminded of the principles of the Freedom of Information Act (see our article), the ICO has now issued a further reminder to finance companies that information and access requests must be handled in a timely manner. This… Read more »

SAS Daniels advises Macpac on aquisition of Northampton packaging firm

North West law firm SAS Daniels LLP, has advised Stockport-based Macpac Ltd on the acquisition of Hamilton Plastic Packaging Ltd for an undisclosed sum. Macpac, a major UK manufacturer of thermoformed packaging and trays, supplies a range of bespoke and stock packaging to industrial clients and blue chip retailers. The deal will see Northampton-based Hamilton’s… Read more »

Secondary Issues – Best Practice for Issuers

Following the Office of Fair Trading market study and the Rights Issue Fees Inquiry report into equity underwriting, the Institutional Investor Committee published the its “Best Practice Guidance for Issuers when Raising Equity Capital” guide (‘the Guide’). It is hoped that the Guide will assist boards in preparing for future equity issues ensuring best practice… Read more »

Pitfalls of not legalising shareholder and partnership agreements

Business people are having to work harder just to tread water, let alone grow in this economic climate. With all the extra day-to-day pressures, many business leaders are neglecting to put in place written partnership and shareholders’ agreements. Agreements should be an essential part of businesses’ DNA, but for many this is just not the… Read more »

SAS Daniels Advises on $220M Manufacturing Deal

North West law firm SAS Daniels LLP has advised manufacturer Excel Polymers LLC on the UK aspects of its $220m sale to leading global polymer group HEXPOL. Excel Polymers, which operates a facility in Dukinfield, Greater Manchester, manufactures materials with elastic properties for the construction, automotive and oil and gas industries. The deal establishes HEXPOL… Read more »

Market Capitalisation Test

From 01 February 2011, the much awaited change to the Market Capitalisation / Revenue test has been introduced. The Stock Exchange had previously announced, in its Consultation Conclusions, that it proposed to change the minimum number of shareholders that would be required to satisfy such test when seeking a listing and placing reliance on the… Read more »