The Corporate Insolvency and Governance Act 2020 (“the Act”) introduces major new measures aimed at reinforcing the rescue culture during this period of economic uncertainty. These changes will provide crucial support to the country’s economic recovery and a significant and historic change to insolvency law in the UK These wide-ranging measures are not sectors specific. …
New insolvency legislation to support UK economic recovery
Click to download a PDF version of this article. Temporary Suspension of Wrongful Trading until 31 May 2020: a limited breather for directors of UK companies In response to the COVID-19 crisis, the UK Government announced on 28 March 2020 that it intends to amend insolvency law to suspend the offence of wrongful trading by …
A limited breather for directors of UK companies
A few businesses are already setting up subsidiaries in the UK and the EU to deal with many of the issues arising from Brexit. Whether you are already operating from the UK or managing a production line across the Channel, considering setting up or buying a business, here are some tips to bear in mind …
Business Brexit Checklist
Levels of corporate transactions remain high across the UK despite the uncertainties caused by Brexit. In the latest issue of INFO Magazine, Partner Geraldine Fabre, explores some of the issues that require particular attention from general counsel and finance directors whether your business is located in France or the UK. Click here for the full …
M&A and Brexit
With the recent collapse of a few retailers, including House of Fraser earlier this month, and retail parks and shopping centres changing their business structure and appearance with the rise of online shopping, it is time to remind ourselves of what a ‘pre-pack’ can offer to retailers when things go wrong. What is a pre-pack? …
Pre-pack administration for the retail sector
Online shopping is growing faster than ever and retailers must find a sustainable way to compete. The collapse of House of Fraser is raising serious questions about viability for traditional and internet businesses relying on concessions to promote their products in malls and shopping centres. There are key issues to consider if you find yourself …
The crash of a retail giant: What is left to be said about House of Fraser’s concessions
The corporate team at Sherrards, led by Andrew Cooke, has recently acted for Hevey Building Supplies Limited on the acquisition of the entire issue share capital in Huntingdon Timber Limited. Established in 2003 by three former Jewson executives, the business has evolved into one of Cambridgeshire’s leading independent timber merchants, providing a range of services to …
Sherrards advise Hevey Building Supplies Limited on the acquisition of Huntingdon Timber Limited
Sherrards has been advising its client KMP Taste Limited, one of the largest pizza franchises in the UK, on the sale of its entire issued share capital to Zaf Holdings Limited. With 28 Pizza Hut stores and over 500 employees within the business in the UK, the deal required a large team of property and …
Sherrards corporate and property lawyers advise on sale of Pizza Hut franchise
Andrew Cooke and the Sherrards corporate team have recently acted for long standing client, Lords Builders Merchants on the acquisition of the majority share capital in Hevey Building Supplies from its retiring owner, Neil Hemmington. Established in 2001, Northampton based Hevey Building Supplies is a leading independent builders merchant and the first in Northamptonshire to …
Sherrards helps secure majority share in Hevey Building Supplies Limited for Lords Group
Sherrards’ corporate team has acted for the founders of its long-standing client, Gnewt Cargo, on the sale of their shares to Menzies Distribution. Founded in 2008, the Gnewt fleet provides final-mile delivery services in central London for retailers, e-retailers and parcel carriers such as Hermes and TNT. Menzies Distribution bought Gnewt Cargo as part of …