Mergers and acquisitions involving UK companies: Jan to Mar 2016

Data from the Office of National Statistics reveals that in Quarter 1 (Jan to Mar) 2016 there were 114 successfully completed domestic and cross-border acquisitions and disposals involving UK companies. Despite quarter-on-quarter volatility, the total number of M&A involving UK companies remains at a historically low level of activity.   The full report is available Read More …

Removal of Company Directors

The office of UK Company director may be vacated by statute, by death, or under a provision in either the Company’s Articles of Association or, if one exists, a Shareholders Agreement. Looking at each “Vacation” method in turn: Statutory Vacation This can arise by: • the director retires having reached the relevant age limit; • Read More …

Business and Company Sales – Warranties and Indemnities

THIS ARTICLE WAS ORIGINALLY PUBLISHED IN THE SEPTEMBER QUARTER EDITION OF THE CHAMBER OF COMMERCE MAGAZINE In business and company sales, Warranties and Indemnities are ways of reallocating risk between sellers and buyers. “Caveat Emptor” (“buyer beware”) in English law means that generally buyers lack protection. Buyers may seek warranty and indemnity protection while sellers Read More …

The 6 Most Common Mistakes When Selling Your Business

1. Be Decisive Once you decide to sell or retire, don’t look back. Plan what you want or need from a sale and get on with it. I am a big believer that a wrong decision is better than indecision. 2. Due Diligence or lack thereof! This applies more to the buy side (i.e. Know Read More …

2014 in Business – A record breaking year for start-ups!

NEW FIGURES REVEAL RECORD BREAKING YEAR FOR START-UPS, SAYS START UP BRITAIN London and South East maintain entrepreneurial power house status Birmingham top performing city outside of South East Entrepreneurial activity in Manchester booming, making it the hot spot of the North High levels of growth in Yorkshire and Humberside, and the East Midlands UK Read More …

M&A Update: Financial Assistance in Corporate Transactions

Using the target to assist with the financing of an acquisition Prior to the Companies Act 2006, “Financial assistance” i.e. a target company using its own funds to purchase its own shares, was prohibited in both public and private company mergers and acquisitions, unless a “whitewash” procedure followed. In order to carry out the whitewash procedure a Read More …

Financial Times Contribution

I was recently asked by the Financial Times to respond to a reader’s question, so I have decided to relate the question and my response to readers of this blog. The full article can be found here http://www.ft.com/cms/s/0/15607a86-4b56-11e1-a325-00144feabdc0.html#axzz1tc3QTCRR , although you may need to log in to read it. (All rights reserved to the FT): Can my Read More …