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Mohammed Akram

This author has written 17 articles

Changes to Companies House Fees: Understanding the Impact.

It has been announced that effective 1st May 2024, Companies House, the United Kingdom's registrar of companies, has made significant changes to its fee structure. These changes are aimed at modernizing the services offered by Companies House and ensuring the sustainability of its operations. While some fees will increase, others will decrease or remain unchanged. Let's investigate the details and understand how these changes might affect businesses. Some fees are going up: Filing Fees: The cost of filing certain documents, like company accounts online, will increase. This could affect businesses,…

Critical corporate

Blog: Critical corporate reporting for company relocations during the pandemic

A complex court case over conflicting dispute resolution provisions has highlighted a simple, but vital, takeaway on the importance of critical corporate reporting for company relocations during the pandemic. It applies to all UK registered companies and has come about as the result of an increase in unattended offices or those subject to permanent closure due to the pandemic. The case involved an aircraft operating lease for a Boeing 737 between Helice Leasing and PT Garuda[1], an Indonesian company with a UK office. When Garuda defaulted on the payments, the…

Court rules

Court rules in favour of business interruption insurance claims

  As coronavirus continues its freeze on normal life, with strict lockdown measures back in place, many businesses will have breathed a sigh of relief following a Supreme Court ruling (on Friday 15th January) confirming when business interruption insurance claims should be paid out during a pandemic. Lockdown and tier restrictions since March 2020 have seen many businesses temporarily closing down or making significant operational reductions for weeks or months at a time, resulting in huge damage to their operations and loss of income. Court rules in favour of business…

Corporate insolvency: the proposed new rules

On the 20th of May the House of Commons carried out the first reading of the new proposed Corporate Insolvency and Governance Bill, which is set to bring substantial changes to the current rules. Of course, the below is not yet law, however, it provides a good indication in the direction in which things are heading. A second reading is scheduled for the first week of June 2020. The aim of the bill is to provide more debtor-friendly provisions that will assist in rescuing struggling companies. These include: •             New…

Official launch of new Osbon Pharmacy

On 31 January 2019 Osbon Limited (a company owned by Daniel Osei-Bonsu and his wife, Benedicta Osei-Bonsu) purchased the entire issued share capital of AMF Medica Limited which owned a pharmacy at 52/54 Dorothy Sawyers Drive, Witham, Essex. The sellers were Meena Patel and her husband, Neelesh Patel. AMF Medica Limited, through Neelesh Patel, also had entered into an agreement for lease with Bellway Homes for purpose built premises near the existing pharmacy to relocate the pharmacy (and convenience store) to the new premises once the new premises were built.…

It’s all in the planning when it comes to selling privately-owned companies

For the shareholding directors of many privately-owned companies, the end-game is focused on selling up before moving on to new ventures or sometimes retirement. But many owners under-estimate the time involved in making a business market-ready, or do not seek advice on the different options before they start, nor the route-map to follow to secure a successful sale. Ideally, an advisory team should be put together, involving a lawyer and an accountant specialising in company transactions, to guide the company on the preparation for sale, before any moves are made…

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