A company’s statutory books are very important and are therefore one of the most common items routinely investigated as part of a sale of a company. Despite this, many companies do not have nor maintain proper statutory books. This article considers ‘what are statutory books’ and the potential implications for failing to maintain or update them. [Read more…]
The recent case of Wood v Capita Insurance Services Limited has highlighted the importance of clear, concise and unambiguous drafting of commercial contracts.
Wood v Capita Insurance Services Limited concerned a particular indemnity in a Share Purchase Agreement which the buyer of the company sought to enforce against the seller but ultimately failed. The buyer was purchasing the seller’s business which sold car insurance policies through comparison sites. After the business purchase had completed certain business practices came to light which the buyer alleged amounted to miss-selling to the company’s customers. [Read more…]
In an age where the internet and Google are so prevalent, having an online presence for your business has never been more important – but does your business own its website?
Indeed, most businesses whether big or small will have some sort of website – from simple “information-only” websites to more sophisticated e-commerce websites capable of processing high volumes of various transactions. [Read more…]
BHW Solicitors in Leicester was delighted to represent the owners of John Baxter & Sons Limited in Hinckley in their recent sale to Streamline Press Limited:
Matt Worsnop (an Associate Solicitor at BHW) led the BHW team and can be contacted on 0116 281 6235 or by email at firstname.lastname@example.org.
BHW Solicitors in Leicester was delighted to represent the owners of A.J. Murray Funeral Directors in Hinckley in their recent sale to the Heart of England Co-operative Society:
The importance of agreeing Heads of Terms at the outset of an agreement for the sale and purchase of a business.
Owner Managers of SME spend their careers waiting for the day to come. This is the day that all the hard work and dedication pays off. The risks they’ve taken going it alone and the dark times can finally be cast to a distant memory.
An acquisitive player in the market place who’s been showing an interest in the business has finally made an offer which matches the asking price.
A sale has been agreed. A deal has been done………………but has it?