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Developing Your Business
In the course of your business life, there will be stages when you seek a new level of certainty - either about a potiential partner or supplier, or about your own business. This can serve either to enhance credibility with a third party, or to provide the reassurance of a corporate health check.
In this respect, you can benefit from services such as the ones offered below.
Due DiligenceThis service can be supportive in a variety of scenarios: for instance, when you are acquiring another organisation, and need affirmation of their status. Conversely, you may need to ensure that your own organisation can meet certain benchmarks, perhaps prior to entering into a new partnership or other supplier agreement.
Valuations and ForecastsCheesmans are often called upon to provide business and share valuations, as well as cashflow forecasts. These can have a major bearing on decision-making in a variety of contexts - such as commercial planning, tax planning and corporate acquisitions.
Company SearchesBefore you enter into a working relationship with another company, be they a prospective customer or supplier - we recommend that a basic search is carried out on that company. You might also conduct a company search as a way to investigate the competition.
Cheesmans is also able to provide a comprehensive range of searches, including: A Company Summary, a Full Search, a Mortgage Report, a Shareholders Report and a Directorship Report.
We can also help you avoid some costly pitfalls through fraud protection and data protection.
Pre-Emption RightsAs a shareholder, pre-emption rights will provide you with protection from wealth transfer and the potential erosion of control. These rights are the rights of shareholders to be offered any new issue of shares before they are offered to non-shareholders. This ensures that directors cannot issue new shares to dilute your existing percentage holdings.
This also applies in the instance of a shareholder selling his or her shares.
Cheesmans will ensure that the Company's Articles of Association are updated to best reflect your wishes, and ensure that, should circumstances change, your share stake retains its value.
Group RestructuringWhat happens when your company expands beyond the structure for it you have in place? Should you leave the structure and hope for the best? Or speak to Cheesmans, who can help you plan effectively for the future, perhaps by reorganising the share capital of the company, or the group structure?
What if you think your company is about to change, perhaps by way of a proposed acquisition or disposal? You may want to leave well alone, knowing that such matters can become incredibly complex from both a legal and tax perspective. Speaking to Cheesmans about your options and how we can help you, can facilitate the continued success of your business
Share IssuesAs the Director of the Company, you have the ability to issue (allot) new shares. These need to be issued in accordance with the Company's Articles of Association, and issued to shareholders proportionate to their current voting and ownership rights.
In assisting you with the issue of new shares, Cheesmans will ensure that the new shares are issued in accordance with statutory requirements and that the relevant institutions are are notified. We will also advise you on the different classes of shares and the differing rights associated with classes of shares, so that an issue of shares does not unnecesssarily confer undue rights to current shareholders.
Articles of AssociationThe Articles of Association of a company form the basis of a company's constitution. Under new legislation, it is the single constitutional document for a UK company.
The new legislation - The Companies Act (2006) - has huge implications for the Articles of Association of a company. While you do not necessarily need to change your existing Articles, you need to ensure that your Articles are not inconsistent with the new law, as certain provisions can be overridden.
Were you unaware of the implications of the new Act on the Articles of your company? Do you know how to revise them, not only to ensure your Articles are not overridden but also to take advantage of new flexibility within the law? Cheesmans Business Services team are often asked to review and amend Articles, and are happy to do so for your company.
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