Directors’ corporate responsibilities continue even after they resign
Resigning as a company director doesn't end your corporate responsibilities. Make sure finances are sound before you go to minimize personal liability risk.
Help to Build loan scheme – What is it?
Help to Build loan scheme, what is it? It's designed to help those who want to build their own home, but how does it work?
Register of Overseas Entities that own UK property
The Register of Overseas Entities is designed to increase transparency of ownership of UK land by overseas entities.
Divorcing your business partner
Divorcing your partner is never easy, but what happens when you run a business together? You will need specialist legal advice. Read more here.
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 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…
Crowd-funding property investments: open to anyone with a spare £10
Successive political, cultural and financial developments over recent years have led to the emergence of a generation of people for whom property ownership is a distant dream. For some, property ownership is not appealing in itself. For others, the chance of saving a meaningful deposit is so remote that the prospect isn't even entertained. Even successful Landlords with vast and profitable property portfolios are losing interest in the sector, as taxation and regulatory disincentives dampen the mood (is the age of the amateur landlord over?). The good news is that…