With the Budget recent announced, the last before the UK is set to leave the EU, we consider a few of the key changes which will impact on individuals and businesses.
This week, we will consider the sale process as a whole. The Thomson Snell & Passmore online guide to selling your business provides an excellent overview of the main 8 stages of a sale. This article will drill into a bit more detail setting out ten tips for a successful sale based on our experience in this area.
Leading South East law firm Thomson Snell & Passmore is pleased to announce the completion of another successful acquisition by its client Nurture Landscapes Limited. Grace Landscapes Ltd has recently been welcomed into the Nurture family and officially became part of the Nurture Group on 1 October 2018.
We will focus on a prospective seller who has put together their team of professional advisors and is starting to formulate their sales strategy.
The term 'exit' is used a lot by business consultants, corporate finance managers, brokers, accountants and lawyers too. The term can have various meanings depending on the context but generally refers to a business owner's plan to sell their business.
A common theme which is shared among many business owners and directors in the UK, operating as a private limited company, is that they often have no idea what their company’s constitution contains, let alone where to find it.
Every business needs to remain entrepreneurial. However, a family business faces unique challenges as growth and changing needs of the business will often come at the same time as the family grows and the involvement of family members in the business changes.
Family businesses are the backbone of the UK economy. Two thirds of UK businesses are currently family owned, which generate over a quarter of the UK’s GDP. It is therefore somewhat surprising that only around 30% of family businesses survive the transition to the second generation, with only 12% making it to the third.
South East law firm Thomson Snell & Passmore has advised on the management buyout (MBO) of a London-based theatrical goods retailer.
As a firm, we take pride in being a constant in a changing world. We hope this collection of articles will be helpful and provide food for thought on a number of topics.
Thomson Snell & Passmore hosted a seminar for over 35 attendees discussing acquisitions, growth and exit strategies for businesses and business owners.
Motorline Group has added Audi to its list of car manufacturer partners with the acquisition of the East Kent Audi franchise from Inchcape.
For the founder of a business, putting in place a succession strategy and exiting the business can be a difficult process. Where some of the founder’s family are also involved in the business, that process can be further complicated by competing interests and differing visions.
If you work in the food and drink industry and would like to come along then please get in touch.
As the award-winning Nurture Landscapes celebrates its 10th anniversary, we speak to managing director Peter Fane about the company’s exponential growth – including its most recent acquisition, which has nearly doubled its turnover.
Working with family businesses and SMEs, we know that succession planning is a common headache for owners.
Leading South East law firm, Thomson Snell & Passmore, have assisted the Motorline Group in taking over the full operation of the Hyundai digital stores in Bluewater and Westfield Stratford from Rockar. Motorline have also taken over the Hyundai Aftersales Centre in Dartford.
Leading South East law firm Thomson Snell & Passmore have assisted the Motorline Group as it closes off the year with another acquisition - the purchase of Lexus Bristol.
Leading South East law firm Thomson Snell & Passmore have advised Kent based family-run tyre dealer and autocentre company, Watling Tyre Service Limited, this week in connection with a share purchase and restructuring transaction for an undisclosed sum.
Every month we answer frequently asked questions from across the practice and bring them together to help bring clarity to your legal needs. Each of the sections below lead off to a more comprehensive bank of information.
The Motorline group has recently completed another acquisition to add to its series of business purchases over the last few years.
A cot mattress manufacturer has secured £3.7 million from investors to meet growing demand in the UK and abroad.
Q. The budget seemed ‘much ado about nothing, did I miss something?’
A national horticulture, landscape and grounds maintenance business headquartered in Surrey has completed its fifth acquisition in the last 12 months, with the latest deal taking its turnover to £35m and workforce to more than 500 employees.
On 5 June Shawbrook Group received a revised takeover bid of £868m from Marlin Bidco, a company owned by private equity firms BC Partners and Pollen Street Capital Limited. This joint takeover bid was "final and not to be increased".
A national horticulture, landscape and grounds maintenance business with headquarters in Surrey has expanded with the takeover of a North West counterpart.
Intellectual Property (IP) is often referred to as “creations of the mind” and intellectual property rights help you to stop people from taking those creations without your permission.
The Federation of Small Businesses (FSB) has claimed SMEs account for 99 per cent of all private sector businesses in the UK. Although a large number of these businesses thrive, many SMEs struggle with basic cash flow issues as a result of late payments.
Curious about how Brexit will affect your intellectual property (IP) rights after the UK leaves the EU? Here’s a high level summary of some key points to consider.
Joanne Gallagher, Partner and head of our Corporate and Commercial team speaks to Thinking Business about "data selfies" and how businesses can assess their compliance with the Data Protection Act of 1998.
Partner, Nick Gabay from our Corporate and Commerical team speaks to Insider Media Limited about the purchase of Hitec by Texas-based Mitratech.
When the news broke about Brexit on 24th June 2016, our expert lawyers each wrote a round up of the implications that could potentially you and your business.
A Family Investment Company can be very beneficial for inheritance tax planning, asset protection and wealth accumulation. Nicola Plant, Partner in our Tax Planning team, gives an outline of the Family Investment Company and its uses.
Following the much awaited UK referendum outcome, we have been thinking about what a Leave vote could mean and, set out below, are articles with our first thoughts.
The following articles discusses why private and public acquisitions fall over, and how this can be prevented.
From 6 April 2016, all UK companies (other than publicly traded companies) and limited liability partnerships (LLPs) are required to create and maintain a record of people who own or control their company on a register of people with significant control (PSC Register). In this article, “company” includes “LLP”.
Globe Motors, Inc and others - v - TRW Lucas Varity Electric Steering Limited and another [2016] EWCA Civ 396
From 6 April 2016, nearly every limited company or limited liability partnership will have to hold a register showing every person who has significant control of it (a PSC).
The new rules are very detailed and the aim of this information sheet is only to alert you to them. In the vast majority of cases, whether and how they apply will be obvious and will just cause more form filling. In a few cases, you will need to study the rules or take advice.
Please click the download below to read our information sheet on the PSC Register.
Warnings have been issued for Monday as February provides us with an extra day this leap year. Signing contracts or completing property transactions which refer to anniversaries of the date of agreement, could leave you waiting for a very long time.
Business owners will be familiar with the concept of business protection planning by way of death or critical illness insurance. This is crucial when considering the impact that the death or serious illness of a business partner or shareholder might have on the continued success, profitability and long-term value of their business.
Thomson Snell & Passmore’s corporate team has advised new clients in connection with the sale of their family business for an undisclosed sum to a US buyer.
Thomson Snell & Passmore advises on a merger in the global couture dancewear market.
In the latest installment of MexxaMixx, Faye looks at a buy back of a business partner's shares
A Hampshire-based grounds maintenance company which has "more than 100 years of experience within the landscape industry" and works with some of the UK's largest blue chip organisations has been snapped up.
Many business owners, when thinking about protecting their business, insure against common business risks such as property damage, theft, third party liability and business interruption. A few also look at keyman insurance to cover the risk of the owner becoming incapacitated because of some physical or mental condition or unplanned absence abroad but very few create a lasting power of attorney which will give an individual the authority to run the business in such situations.
Q: My business partner and I run a successful company together. We are both directors and each have a 50% shareholding. We want to protect our shares should the unexpected happen and one of us dies. How can we do this?
Leading South East law firm Thomson Snell & Passmore has announced a wave of internal promotions.
MexxaMixx is a Kent-based business which manufactures and sells a range of Mexican style cooking sauces.
Thomson Snell & Passmore it pleased to announce it has won Runner-Up Deal of the Year at the Kent Corporate Finance Alliance (KCFA) Awards 2014.
Founded more than 400 years ago in 1570, local law firm Thomson Snell & Passmore LLP has had its fair share of bosses.
Leading South East law firm Thomson Snell & Passmore is delighted to launch their new interactive legal guide to selling your business.
The subject of profit-sharing schemes was briefly back in the headlines recently when Ed Miliband proposed introducing a plan which made it compulsory for all businesses with more than 50 employees to set up a profit-sharing scheme.
MexxaMixx is a Kent-based business which manufactures and sells a range of Mexican style cooking sauces. Its operations recently expanded and it was ready to sell its products in a leading supermarket’s stores across the UK. Thomas, one of the directors, approached us, for advice on the supply contract which had been prepared by the supermarket.
The Chancellor has delivered a very responsible and disciplined Budget. There were very few giveaways and no rabbits pulled from the hat, so he resisted the temptation to be as overtly political as many had suspected.
What is an earn out?
An earn-out is a general expression covering any mechanism where, on a corporate acquisition, the purchase price is determined (in whole or in part) by reference to the performance of the target company or business over a specified period of time following completion of the acquisition.
The BVCA is the industry body for the UK private equity and venture capital industry. It has over 370 members representing the majority of UK-based private equity and venture capital firms and their advisers.
MexxaMixx now has an established brand and sales are increasing (both online and at various specialist food stores around the South East). Thomas and Steven realise that there is real value in both the brand name and the sauce recipes. They approached us to find out how the brand and recipes can be protected to stop anyone from copying them.
Everyone knows what dividends are, but do you know the restrictions on how much you can pay as dividends and the consequences of getting it wrong?
There are many types of employee share incentives. This article examines a few of them.
There has been useful company law reform in relation to restrictions on the choice and use of company names.
Incorporating a holding company above your trading company may enable you to protect your profits from creditors. This article explains how.
Is the prospect of deflation good news for your business? Probably, but not necessarily. This article examines ways you can mitigate the downsides.
Gordon Ramsay teaches us a lesson out of the kitchen: Is an electronic signature binding?
What happens when the directors and shareholders in a private company are the same people and those individuals no longer see eye to eye?
These case studies were serialised in the Kent and Sussex Courier, but are collated together in this case to show all of the different stages a company can go through and how we can assist. MexxaMixx is a ficticious Kent-based business which manufactures and sells a range of Mexican style cooking sauces.
Over the last month MexxaMixx’s local success has gone from strength to strength. The cooking sauce business is now looking to trade online.
This article was first published in theCsuite.co.uk on 12 February 2015.
A report, published in October by The Independent and the Organised Crime and Corruption Reporting Project, revealed that Millfield School in Somerset is alleged to have unwittingly received payment of school fees from foreign criminals.
For the past year, Kent based brothers Thomas and Steven Parks have been manufacturing and selling a range of Mexican style cooking sauces. The business is called MexxaMixx and is currently being run out of Thomas’ home.
Terra Firma bought Four Seasons for £825 million in 2012, but it has suffered financially due to high staff costs and a squeeze on fees paid by local authorities.
Leading South East law firm Thomson Snell & Passmore is delighted to announce that Joanne Gallagher, partner in the Corporate and Commercial team, has been selected for a second successive year running as 2014 London Super Lawyer.
Crawley based company, ClinIntel Limited, has been acquired by a US based global biopharmaceutical services organisation. This development brings a truly global dimension to ClinIntel’s capabilities.
Leading South East law firm Thomson Snell & Passmore is delighted to announce that Keith McAlister has joined the firm as a partner in their Corporate & Commercial department. Keith joined the firm on 18 September.
Article first published in Real Business in May 2014.
On 21 April 2014, the Department for Business, Innovation & Skills (BIS) published the government's response to its consultation on simplifying a company's statutory filing requirements.
London based creative agencies Chameleon and WPN have recently merged to create a new enlarged London firm.
Article first published in Kent Messenger on 4 April 2014
Thomson Snell & Passmore are proud to be co-sponsoring the Start Up Business of the Year award at the 2014 KEiBA business Awards.
On 16 January 2014, the Institute of Chartered Accountants in England and Wales (ICAEW) together with a taskforce made up of representatives from key UK professional organisations (including the Law Society, the Takeover Panel and the London Stock Exchange), published a guide on cyber security in the context of corporate finance transactions.
By James Partridge, Partner. Contact Thomson Snell and Passmore 01892 510000.
By Nick Gabay, Partner. Contact Thomson Snell and Passmore 01892 510000.
By Nick Gabay, Partner. Contact Thomson Snell and Passmore 01892 510000.
By Nick Gabay, Partner. Contact Thomson Snell and Passmore 01892 510000.
By Harriet Serpis, Solicitor. Contact Thomson Snell and Passmore 01892 510000.
Drusillas Park has recently completed a deal with Japanese company Sanrio and will be launching a brand new attraction in Spring 2014 to be known as Hello Kitty Secret Garden.
By Fiona Dott, Solicitor. Contact Thomson Snell and Passmore 01892 510000.
From the NHS to LinkedIn, there has been a growing number of high profile cyber attacks resulting in data security being compromised in recent years.
By Fiona Dott, solicitor in the Corporate & Commercial team. Article first published in a leading daily broadsheet newspaper.
By Fiona Dott, solicitor in the Corporate & Commercial team.
By Fiona Dott, solicitor in the Corporate & Commercial team. Article first published in a leading daily broadsheet newspaper.
By Nicholas Gabay, Partner. Article first published in Construction Manager online 2 June 2013.
Leading South East law firm Thomson Snell & Passmore has advised Stourbridge College, in connection with its merger with Birmingham Metropolitan College. The merger completed on Friday 31 May forming one of the largest and most significant further education providers in the country.
By James Partridge, Partner. Contact Thomson Snell and Passmore 01892 510000.
By James Partridge, Senior Partner. Contact Thomson Snell and Passmore 01892 510000.
By James Partridge, Partner. Contact Thomson Snell and Passmore 01892 510000.
By Nick Gabay, Partner. Contact Thomson Snell and Passmore 01892 510000.
By Nick Gabay, Partner. Contact Thomson Snell and Passmore 01892 510000.
