How can a buyer of a business minimise the potential risks?
Firstly and most importantly the buyer must carry out validity checks as to the appointment of the insolvency practitioner (where relevant) as if they have not be validly appointed the acts of the insolvency practitioner could be challenged by the creditors, directors and/or shareholders of the company. The buyer should also ask to see all of the contracts and third party agreements that the seller is a party to. The buyer must also obtain all of the information relating to the employees and property and take specialist advice in this complex area to avoid any of the pitfalls usually created by the application of TUPE. The buyer will also need to verify the position of the intellectual property and whether any of the assets are subject to retention of title claims.
04 Sep 2018
Corporate
NEWS AND ARTICLES
Dragged along to a sale
A group of individuals incorporated two companies in order to develop and run an anaerobic digestion plant…
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
Forbes was instrumental in ensuring Electric Coffee Co is able to meet its growth ambitions.
Adnan Anwar
Director
Electric Coffee Co
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
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
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
What a pleasure to do business with Forbes - Pauline Rigby & Nick Pickup both understood my personal objectives and requirements
John Laycock
Former Business Owner
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
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
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
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
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
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
I have been extremely pleased with the legal team at Forbes and all their help
Tracy Malham
Vet
South Lakes Veterinary Centre
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
Jenny Burke
Gemma Catlow
Rebecca McCann
Jodi Oosthuizen
Nick Pickup
Pauline Rigby
Ammarah Shamim
Jane Taylor
