Our Company and Commercial Team are equipped to handle the full range of corporate transactional work and general commercial advice for UK SME businesses. We are not a large, international law firm. As a result, our extensive experience allows us to provide a high-quality service, focussed purely on SME business owners and growth companies. This also means we are able to offer a flexible and competitive approach to fees.
To take an example from 2018, our company commercial team won instructions to act on the merger and restructure of 2 IT services companies with a combined turnover of c. £5m. Our client already had a commercial solicitor but as we came recommended, we were asked to pitch for the merger work. Upon obtaining the instruction the transaction proved highly complex and required significant negotiation to achieve the client objectives. Having completed the merger and restructure, our client provided the following testimonial:
“I am writing to thank you both for the hard work you put in during our recent merger. I am very grateful for the effort you put in and thank you for the late hours you worked trying to deliver to the timescales that were being asked.
I always felt that you were part of our extended team and it felt very reassuring knowing that you had our back. Your attention to detail and ability to manage the process were excellent and one area that you re-wrote in one of the agreements could end up saving us a lot of money over the next three years.
I have no hesitation in recommending AMD and will gladly provide a reference if you ever need one.”
This shows that high value commercial work does not belong solely in the larger city centre commercial law firms, something we are very proud to promote. This demonstrates our recognition that SME owners do not have an unlimited budget for legal fees but do require high level experience. With a solid depth of experience in the commercial team we look forward to making our experience count for each of our clients, large or small.
To find out more or to book an appointment call AMD today on 0117 962 1205 and ask to speak to a member of our commercial law team. Alternatively, please feel free to email the head of our commercial department, Grant McCall at firstname.lastname@example.org.
This year, there have been few political or legal developments that have dominated headlines as much as Brexit. If there is one topic that has come even close, it is the introduction of the EU General Data Protection Regulation (GDPR).
For most SMEs, all or part of the goodwill of the business will be held in the business name or brand logo. It stands to reason therefore that the goodwill is worth protecting. Subject to meeting certain criteria, a business name, logo, strapline or slogan could be protected via registration as a UK trade mark.
Anna Sivula, Solicitor in AMD’s Commercial team, discusses the benefits of shareholders’ agreements.
No matter the size of your business, there may come a time when a change is needed. Whether you’re looking to expand or downsize, it’s important to consider when it might be appropriate to restructure your business and what the practical or tax implications could be.
A joint venture can take many forms. Taking the widest definition, this can mean a strategic arrangement between two or more businesses, where resources are pooled, to work together on a specific project or an ongoing basis. Joint ventures are a useful way of collaborating with other businesses and to combine different areas of expertise for targeted or general business purposes.
Grant McCall, Director and Commercial Corporate solicitor at AMD Solicitors, outlines the importance of conducting due diligence on a target business when considering whether to invest or buy shares in the business.
The General Data Protection Regulation (GDPR) will come into force on 25 May 2018 and will replace the existing UK Data Protection Act 1998 (DPA 1998). The GDPR is intended to strengthen and harmonise data protection laws across the EU.
It’s understandable that talk of death and illness can be a sensitive and unpleasant topic but for SME’s whose owners also work full time in the business, critical illness or death of a shareholder must be provided for.
Shareholders are people (or companies) that have invested time or money into a company in return for shares (equity) in that company. Shares can have very different rights attaching, for example some shares carry voting rights, some are non-voting but where voting shares are concerned, it is important to ensure the relationship between the shareholders is documented.
Some business owners have an overall exit strategy in mind from an early stage, quite often this involves selling their business. Preparing an exit strategy is always best practice as the unexpected can always arise, for example, a big offer from a larger company or a change in personal circumstances such as a health scare.
The prospect of owning your own business can be challenging but rewarding. One way to achieve business ownership is to buy an existing and established business. When purchasing a trading business, either as a share purchase or asset purchase, it is imperative that legal risks are known and mitigated.
When you’ve found the ideal commercial property it can be tempting to move in quickly, particularly if you feel that the agent or landlord is putting pressure on you to submit an offer. This could mean that you end up entering into a lease without being certain about what the terms are and whether the lease suits your business purposes.
A business merger occurs when two separate businesses join together to become one single business or to create a group of companies. The new business entity should benefit in a number of ways, for example:
As a new business, the focus is always on generating clients and selling goods or services. Without a contract or terms and conditions of business, it will be difficult for a new business to clearly show what they have agreed to provide (and what they won’t do) for their charges.
Growing your business can be a very exciting, positive time but it also presents challenges. By taking some key legal considerations into account, you can make sure any growth plans are built on a sound legal foundation.
A charity disposing of property (such as by sale, lease or mortgage) must fully understand and comply with all of their legal obligations. Failing to do so could result in:
A shareholders’ agreement is a private written agreement between all or some of a company’s shareholders helping to define their roles and how they will reach certain decisions.
The Small Business, Enterprise and Employment Act received Royal Assent in March 2015. This Act brings about significant changes that will affect companies and small businesses.
Buying a business takes time. This can be frustrating when you are keen to embark on a new venture as soon as possible. With a view to minimising unnecessary delays and to aid a smooth purchase, the following tips may help you in the early stages of negotiation with your sellers and preparing for your purchase.
Janine Harris Commercial Property Solicitor with AMD Solicitors, offers tips which may help expedite your transaction and reduce costs.
The latest changes to the Distance Selling Regulations in the UK came into force in June 2014. These changes mean online businesses will have to reconsider their terms and conditions as they may need to make changes to the content of their websites and their terms of business.
For most new businesses it is essential to commence trading at the earliest opportunity. In the euphoria generated by seeing a business idea turn itself into a stream of customers or clients, it is easy to lose sight of the importance of putting commercial safeguards in place before you start trading.
Andrew Jack and Florence Pearce, Solicitors at AMD raise the question every business owner should think about.
Katie Hughes, Commercial Solicitor with AMD Solicitors looks at your Business needs.