Archived Legal Articles from 2016

Corporate

November

Can a breach of fiduciary duty affect your profit share?

08/11/16

In Hosking v Marathon Asset Management LLP [2016] EWGC 2418 (Ch), a landmark decision, the High Court has ruled that in the aftermath of a breach of fiduciary duties the principle of forfeiture of profits can apply to Limited Liability Partnerships in some instances. Whilst this is readily accepted…

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September

Forbes Solicitors celebrates 31 Legal 500 Recommendations

21/09/16

Forbes Solicitors is celebrating after receiving 31 recommendations for its lawyers and services in the 2016 Legal 500 rankings. The leading North West legal firm is also delighted to reveal that Lucy Worrall, Partner and Head of Housing and Regeneration, based in Preston, has been included in the…

Forbes Solicitors advises Vibe Tickets on £600,000 Crowdfunding bid

05/09/16

Forbes Solicitors is advising a Lancashire-based business praised by Sir Richard Branson with a crowdfunding pitch aimed at securing £600,000 of investment. Ticket exchange platform Vibe Tickets is attempting to attract the funding through Crowdcube and has already raised more than £300…

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August

Forbes appointed to provide Legal service to Lancashire's Rosebud Finance

24/08/16

Forbes Solicitors has been appointed to provide Legal services to Lancashire County Council's Rosebud Finance scheme, after being selected following a four-way tender process. Rosebud Finance is run by Lancashire County Developments Ltd (LCDL), the county council's economic development…

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June

Important Changes to Annual Returns from 30th June 2016

17/06/16

The 6 th April 2016 saw the introduction of the Persons with Significant Control ('PSC') Register, under the Small Business, Enterprise and Employment Act 2015 ('the Act') and from the 30 th June 2016, all companies will be required to file the information contained in their PSC…

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May

WEC Group choses Forbes to act over SMP deal

23/05/16

WEC Group, one of the UK's leading engineering and fabrication companies, instructed the Corporate and Restructuring team at Forbes Solicitors to act for it in the deal to acquire a 50% stake in Submarine Manufacturing & Products Ltd (SMP). Established as a world leader in the design,…

Forbes act on behalf of WEC Group on the acquisition of HTA

23/05/16

Forbes Solicitors' Corporate and Restructuring team has acted on behalf of WEC Group, one of the UK's largest engineering and fabrication companies, in a multi-million pound deal to acquire Coventry-based HTA Group. The partnership deal sees the Lancashire-headquartered WEC Group further…

Forbes acts for Paul Heathcote over restaurants sale

11/05/16

Forbes' Corporate & Restructuring team has acted for celebrated chef Paul Heathcote over the sale of his two Preston city centre restaurants. The Olive Press and Heathcote's Brasserie in Winckley Square have been purchased by Manchester burger and steak chain Solita. Forbes, the…

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April

Small Business, Enterprise and Employment Act 2015 brings significant changes

05/04/16

From the 6th April 2016 the Small Business, Enterprise and Employment Act 2015 brings significant changes that will affect all companies and LLPs. From the 6th April 2016 your PSC Register must never be empty. For a fixed fee we will ensure your compliance from the 6th April, by providing you…

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March

An alternative to share transfers

30/03/16

The current process surrounding share transfers can be a drawn out process with delays occurring between the purchaser purchasing the shares and them becoming the legal owner to those shares. This is as a result of requirements relating to the stock transfer form being stamped by HMRCs stamp office,…

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February

Corporate Restructures and Alphabet Shareholdings

17/02/16

Many Companies ordinarily have one class of share in issue however for SMEs the use of alphabet share structures can be both useful and efficient in a number of ways. Alphabet shares are shares of different classes, which are often named as 'A' Shares, 'B' Shares and so on. Each…

Compelling reasons why your Company should have a Shareholders Agreement

17/02/16

Any Company with more than one Shareholder would be best advised to have a Shareholders Agreement in place in order to regulate the way business between the Shareholders is conducted. The requirement to have such an agreement in place is often overlooked due to the costs and time implications of…

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January

Forbes fixed on helping your financial certainty

25/01/16

The Commercial Team at Forbes Solicitors understand that businesses like to know exactly how much things will cost before proceeding. To help our clients to budget we offer an array of fixed fee options which are designed to remove the cost related uncertainty that can come with instructing a solicitor…

Big changes in financial reporting for smaller entities take effect

06/01/16

The new financial reporting requirements set out in the Companies, Partnership and Groups (Accounts and Reports) Regulations 2015 come into effect for all companies with financial years beginning on or after 1st January 2016. Prior to this date the new provisions had been optional, company directors…

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Very thorough and precise with each contract and have made it very easy for us to feel very confident going into new territories, whether it being a different country or a different manufacturer.

Patrick

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Forbes was instrumental in ensuring Electric Coffee Co is able to meet its growth ambitions.

Adnan Anwar
Director
Electric Coffee Co

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It is always a pleasure to deal with true professionals and specialists in their area and this is what you can expect when dealing with Forbes and, in our case, specifically Nick and Gemma.

Gareth & Janet Watson
Zinge Industries

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The team not only provides professional and practical advice, but also takes a personal interest to understand the business and the matter at hand.

Mark Delaney
Director
Leonard Curtis Business Solutions Group

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The advice and service that we receive from Pauline and her colleagues is consistently professional, knowledgeable and efficient. They have a great ethos and are a pleasure to work with.

Andy Platt
Director
Focus Insolvency Group

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What a pleasure to do business with Forbes - Pauline Rigby & Nick Pickup both understood my personal objectives and requirements

John Laycock
Former Business Owner

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I would like to thank Jayne and the Business Law team for being so friendly, professional and patient throughout the sale.

Arthur Porter
Oak Glen

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We have been very happy with the professional service from Pauline Rigby and her colleagues in the Business Law team and the ease of purchasing our new business

Andrew M Jones
Internet Trading Ltd

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I and the UCLan team wanted to acknowledge the support from your team, including Nick Pickup and Pauline Rigby. Their contribution has been much appreciated by both clients and our staff.

John Lonsdale
Head of Innovation and Enterprise
UCLan

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Sincere thanks for all the time, patience and professionalism from Pauline and Tricia in the completion of MAP12 contract terms and conditions.

Jayne & Anthony Mellor
MAP12 Ltd

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It's a One Stop Shop as a legal entity, whatever problem we've got you've got someone to come and advise us or fix it

Craig Bancroft
Managing Director
The Northcote Group

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We have always found Forbes to be approachable and helpful and we look forward to a continuing professional relationship

John Tempest
Chief Executive
Child Action Northwest

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I have been extremely pleased with the legal team at Forbes and all their help

Tracy Malham
Vet
South Lakes Veterinary Centre

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The team at Forbes have been professional, thorough, friendly and efficient from day one through to completion. We will certainly be using them again as we look to move our business forward.

Stuart Wilson
S & L Wilson

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