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An Introduction to Selling your Business and Transaction Structures
Posted: 8th June 2022
Selling a business can be daunting. There are a multitude of considerations that you will need to have, decisions to make and unfamiliar processes to engage in. If you want a successful sale you need to prepare not only your business but yourself for the sales process. Doing so will not only maximise on your […]
The Queen’s Platinum Jubilee 2022: Are you entitled to the additional bank holiday?
Posted: 23rd May 2022
On 6th February this year Her Majesty the Queen became the first British Monarch to celebrate a Platinum Jubilee, marking 70 years of service to the people of the United Kingdom, the Realms and the Commonwealth. To celebrate this unprecedented anniversary, it has been announced that there will be an extra bank holiday which will […]
Unfair dismissal – Rodgers VS. Leeds Laser Cutting Ltd
Posted: 13th May 2022
The Employment Appeal Tribunal has held that an employee who refused to return to work during the Covid-19 pandemic was not automatically unfairly dismissed. The Employment Appeal Tribunal (EAT) has upheld the Employment Tribunal decision in the case of Rodgers v Leeds Laser Cutting Ltd that an employee who was dismissed after he refused to […]
How to Effectively Use Restrictive Covenants in Commercial Contracts
Posted: 30th September 2021
A restrictive covenant in a commercial contract is a clause that is designed to stop one party to the agreement doing something that they would otherwise have been at liberty to do. There are many commercial reasons why your contracts should include carefully drafted restrictive covenants in order to protect your business. For example, they […]
Can a company director be furloughed under the Coronavirus Job Retention Scheme?
Posted: 9th April 2020
Furlough leave was a concept that was foreign to the majority of the British population just a few weeks ago. However, since the announcement of the Coronavirus Job Retention Scheme on 20th March 2020, it is now a term synonymous with the COVID-19 pandemic. The government has continued to publish some much-needed guidance on the […]
Received a Settlement Agreement? 5 Questions to Ask
Posted: 27th February 2020
A Settlement Agreement (formerly known as a Compromise Agreement) is a legally binding agreement between an employee and an employer. Essentially, the employee agrees to waive any employment-related claim that they may have against their employer, in exchange for the financial terms under the Settlement Agreement. Settlement Agreements are commonly entered into shortly before or […]
Do I need a Will?
Posted: 18th February 2020
The simple answer is yes. A Will exists to do a great deal more than simply settle your financial affairs. Avoiding disputes between family members, assigning guardians for any children, or setting out funeral wishes are also incredibly important. It may be that you want to ensure that a sentimental item will be passed to […]
Congratulations: Fischer D’Alton Limited
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Posted: 1st January 2016
Five Sellers, four companies, and one month: Franklins Solicitors are pleased to have supported Fischer D’Alton Limited in its first acquisition of one of the UK’s fastest growing privately owned companies in the construction industry, ME Construction Limited. ME Construction was founded in 2007 […]
The “Persons with Significant Control” (“PSC”) Register Regulations
Posted:
From 26 June 2017 unlisted UK companies and LLPs must keep their “Register of People with Significant Control” continuously updated on the Companies House website. Previously it was only necessary to update Companies House once a year. If your use for the Register is for undertaking AML checks, it is still necessary to get corporate […]
Automatic for the people – Breach of Auto-Enrolment Pensions means Everybody Hurts
Posted:
The Pensions Act 2008 introduced legislation which required employers to provide pensions for their employees. The ‘Auto-Enrolment’ pension scheme means that employees are automatically required to deduct 3% of monies from an employee’s salary in to a company pension scheme, with the employer obliged to make the same contribution. Whilst the legislation came in to […]
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