Management Buyout in the UK (MBO Topic Deep Dive!)
A management buyout (MBO) is a form of business exit in which the business owner sells the company’s assets and operations to the existing management team. This type of acquisition is distinctive because the company’s existing managers become its new owners, which can foster a more substantial commitment to the business’s success and continuity. MBOs […]
Types of Commercial Lease
Commercial leases come in various forms, tailored to fit landlords’ and tenants’ unique relationships. These agreements are often shaped by several factors, including the type of business conducted, the nature of the property involved, and the specific terms agreed upon by both parties. From full-service leases that simplify budgeting for tenants to net leases that […]
Short-Term Commercial Leases (Ultimate Guide!)
A short-term commercial lease in the UK refers to a rental agreement between a landlord and a business tenant for a commercial property, lasting typically from a few months up to three years . These leases offer businesses the flexibility to occupy a commercial space for a shorter period than traditional long-term leases, which can […]
Understanding Commercial Leases (Deep Dive!)
A commercial lease is a formal agreement between a landlord and a business tenant to rent a property used for commercial purposes. This arrangement allows businesses to occupy and use commercial spaces, such as offices, retail units, warehouses, and factories, without owning the property outright. In the UK, commercial leases play a crucial role in […]
Forfeiture of Commercial Lease (A UK Guide!)
Forfeiture of a commercial lease is a legal process in the United Kingdom that allows a landlord to terminate a lease before its agreed expiration date due to a tenant’s breach of lease terms. The most common grounds for forfeiture include the non-payment of rent, violation of lease conditions, or tenant insolvency. Through the forfeiture […]
Duress in Contract Law (What is it? Can I rely on it?)
In law, duress is a concept that can have different contextual meanings. Duress in contract law refers to circumstances in which a person or party is forced into a contractual agreement through the use of illegitimate pressure. This may be by way of a threat of physical violence, a threat to property or through economic […]
Terminate a Commercial Lease (How to Guide!)
In the UK, a commercial lease represents a binding contract. Such leases are structured to offer both the property owner (landlord) and the lessee (tenant) a measure of stability and certainty for the future. However, there are occasions when one or both parties might find it necessary to leave the lease before its scheduled end. […]
Commercial Lease Renewal (A Guide!)
At the conclusion of a commercial lease, both parties can enter into informal discussions to renew the lease. The process of renewing a commercial lease in the UK is governed by the Landlord and Tenant Act 1954, which offers protection and clear guidelines for both landlords and tenants. If an agreement on the renewal terms […]
Commercial Lease Surrender
A lease surrender constitutes a consensual agreement between a landlord and a tenant to conclude a commercial lease prematurely, where the landlord consents to reassume possession of the property. Both commercial landlords and tenants face vulnerabilities during periods of economic fluctuation. Tenants may find it challenging to fulfil rent payments and adhere to their lease […]
Commercial Rent Arrears Recovery (A Guide!)
The Commercial Rent Arrears Recovery (CRAR) procedure allows landlords in the UK to recover rent arrears by taking control of the tenant’s goods and selling them to cover the outstanding rent. CRAR was introduced as part of the Tribunals, Courts and Enforcement Act 2007 and was enacted in April 2014, replacing the previous common law […]
How to Get Business Finance
Are you looking for new ways to finance your established business, or perhaps you’re just on the point of launching a new business and you need to secure funding to get you started? Whatever stage your business is at, there are plenty of places to turn for financial assistance but there are just as many […]
Restoring a Company to the Register
There are two processes for restoring a company to the Register, either by Court Order or by ‘administrative restoration’ under section 1024 of the Companies Act 2006. The appropriate route will be determined by a number of factors. Restoring a company to the register by way of administrative restoration requires certain eligibility criteria to be met […]
Company Restoration Guide
Company restoration is the process by which a company that has been dissolved can be ‘brought back to life’. You might want to restore your dissolved company in order to recover its assets or to continue trading. The Companies Act 2006 covers the process of restoring a dissolved company. There are two routes business-owners can […]
Bona Vacantia Waiver Letter (How to Obtain!)
A bona vacantia waiver letter is a document outlining the Crown representative’s consent to administratively restoring a dissolved company back to the company register. Bona vacantia is the legal term for business assets which are passed to the crown when a business is struck off. In accordance with Section 1000 of the 2006 Companies Act […]
Breach of Contract – Do You Have a Claim?
While going back on an agreement made with a friend can be a little socially uncomfortable, the stakes are much higher when it comes to more formal arrangements, where breach of contract can have serious legal repercussions. Contracts are made every day in commonplace exchanges – when a consumer makes a purchase from a retailer, […]
Why Does Your Business Need a Shareholders’ Agreement?
An effective shareholders agreement can protect against disputes between your company’s shareholders and directors. A shareholders’ agreement is a private contract between some or all of the shareholders in a company, governing how the shareholders interact with the company, as well as with each other. Any company that has shareholders should have a properly drafted […]
Setting up a Limited Company
A limited company in the UK is a business structure where the company operates as a separate legal entity from its owners. This setup provides a key advantage: the personal financial liability of the company’s shareholders or guarantors is limited to their investment or the amount they agree to contribute in case of debt. This […]
How to Register a Company
If you’ve considered your options and decided that a limited company is the best business structure for you, what do you need to do next? Under the Companies Act 2006, your business can’t operate as a limited company until it has been incorporated (i.e. successfully registered) at Companies House. It’s always within your best interests […]
Shareholder Disputes (and How to Resolve Them!)
Shareholder disputes have the potential to cause significant damage and disruption to a company’s commercial interests. Taking effective steps to resolve shareholder disputes can be business-critical. There are a number of reasons why a dispute may arise between company shareholders or shareholders and directors. Some common causes of shareholder disputes include: a. Poor performance […]
Commercial Property Tax (Everything You Need to Know!)
Venturing into the commercial property sphere without a deep understanding of the UK’s commercial property tax regulations could lead to significant financial pitfalls. The complexities of the UK tax system can catch you off guard, resulting in hefty unexpected charges, fines, loss of property and a tarnished relationship with HM Revenue and Customs (HMRC). This […]