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Corporate

Financial objectives, meeting targets, and of course, the day to day pressures of managing a business – we understand them well.

We’ll get to know your aims and priorities so we can tailor our service to your requirements. Whether you’re starting a business, involved in a joint venture or dealing in a multi-million pound acquisition – we can help.

Our vast experience of working with individual entrepreneurs, with owner-managers and with PLCs who operate across the UK and overseas, enables us to support you in achieving your goals.

Described by legal industry ‘bible’ The Legal 500 as ‘highly rated’ and with an ‘unfaltering attention to detail combined with ability and willingness to explain in plain English’ you’ll find our approach progressive.  And as we offer a partner-led service at a competitive price, you can always expect best value.

Contact a member of our team today to discuss any issue, including:

 

I recently exited my family business, via a MBO and needed a Solicitor to represent me. Contacting Napthens at one of the most difficult times in my life was a great decision, they come highly recommended from me. Simon Penketh, Former Director of Penketh's Ltd
  • Corporate News
  • Corporate FAQs
  • Corporate Glossary

I am in business with my family, do I need a Partnership Agreement?
Without a Partnership Agreement your partnership is governed by the basic terms contained in the historic Partnership Act 1890. The main issue is that if one party wishes to retire or dies, the partnership will automatically end and their share of the partnership must then be distributed to him/her or under his/her will. On many occasions, this leads to family break ups and partnerships being unable to continue. Having a Partnership Agreement will prevent this, by outlining a strategy on the future of the business and any potential sale and agreeing a clear procedure for the departure of any owner.

My business partner and I wish to go our separate ways. What are our options?
It very much depends on the type of business as to your specific options (eg are you a partnership, a limited liability partnership, a company etc). The first step is to check any shareholder or partnership agreements that may be in place, to see if these contain any procedures for partner exits. It may be possible to simply close or sell the business if there are no outstanding issues or unresolved disputes. If there are any issues (a disagreement over the assets of the business, for example) then the first step is to once again check any shareholder or partnership agreements, to see what dispute resolution clauses are contained within. It is also important to consider any personal guarantees or liabilities you may have in connection with the business (eg borrowings from the bank may be guaranteed by directors of a limited company or the partners in a partnership)

My company is in financial difficulty and there is not enough work for my employees. However, there is some hope that we may seal a large contract soon. What can I do in the interim?
Employers have no statutory right to lay off employees or place them on short-time working without their express consent, unless you have a right in the contract of employment to do so. Any employee who is laid off or kept on short-time working may be entitled to a statutory redundancy payment. If the poor financial situation continues the business may consider a re-organisation or at worst insolvency proceedings if appropriate.

  • Charlotte Thornley
    Corporate
  • Claire Hynes
    Corporate
  • David Carr
    Corporate
  • David Sewell
    Corporate
  • Gareth McIntegart
    Corporate
  • Jane Haymes
    Business Recovery
  • Keith Melling
    Head of Corporate
  • Natalie Lewis
    Corporate
  • Nikita Passi
    Corporate
  • Phil Brown
    Corporate
  • Richard Robinson
    Corporate
  • Robert Dobson
    Corporate
  • Roshni Valibhai
    Corporate
  • Scott Bennett
    Corporate
  • Sharon Harrison
    Corporate
  • Stephen Betts
    Tax Specialist
  • Victoria Bromiley
    Corporate
  • Wendy Keely
    Corporate
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