We helped acted the principal shareholder/director of on the sale of an unquoted a PLC public company, an insurance agent regulated by the Financial Conduct Authority, in the sale of their business. The buyer, to a private company also operating in the insurance sector. , The buyer wanted the company taken private prior to completing the acquisition.
We handled all aspects of the sale of the company including the re-registration of the company as a private company, liaising with the Takeover Panel and Companies House. The re-registration and subsequent takeover of an FCA regulated business required the consent of the FCA which we assisted the client in obtaining.
We also advised on the good and bad leaver provisions added to the share purchase agreement (SPA) which have a bearing on the deferred consideration payable under the SPA.
Sale of an unquoted PLC, which is also an FCA regulatedAn insurance agent selling business to private company in the same sector for a seven-figure sum
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Tree planting in the UK
To support our environment and help achieve our sustainability goals, we will plant a tree in the UK every time we receive a client survey. Clients are the centre of everything we do, so it is a perfect way to thank them as well as listen to their feedback to keep improving.
You can track our tree planting progress with our partner Ecologi by visiting our forest below.
When debts become overdue, chasing for payment can become time consuming and an unwelcome distraction from the daily running of a business. Claiming interest and compensation is a useful way of helping to deter future late payments whilst compensating businesses for their inconvenience.
Interest
As part of a businesses terms and conditions/contract there ma...
We are already whizzing through 2024 and it has been a troublesome few years for many following the Covid 19 pandemic coupled with the cost of living crisis and rise in debts.
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