1. Fail to prepare – prepare to fail! It may be necessary to undertake a pre-sale business review well in advance of your proposed sale date with the help of an experienced corporate finance adviser and implement necessary changes. You must be prepared to invest time and money at the outset which will help
The Employment Appeal Tribunal (EAT) has held that a company’s childcare voucher scheme did not discriminate against a woman on maternity leave. The case involved a company that operated a scheme that enabled employees to forego part of their salary in exchange for childcare vouchers. Entry to the scheme was conditional on employees accepting that
A director has failed to get Entrepreneurs’ Relief on the sale of his shares because of the timing of his resignation and the date of his company’s shareholder meeting. The director was one of the founding shareholders of his company. In 2008, he decided to leave the business and in February 2009, it was agreed
A landlord has lost control of his properties due to his failure to carry out repairs properly. The case involved a large building comprising of a number of flats and one commercial unit. The tenants considered that the property was in serious disrepair, causing safety issues. When the landlord failed to bring the building up
More than 100,000 businesses were owed money by insolvent companies or customers in 2015, according to figures released by the insolvency specialists, R3. Medium-sized businesses were among those most at risk. One in seven of them were owed money by an insolvent individual or company. The president of R3, Richards Sykes, said: “Growing businesses encounter
The Equality and Human Rights Commission has published new guidelines to help companies steer clear of discrimination laws when recruiting new staff or advertising their services. The guidelines point out that placing a discriminatory advert is unlawful under the Equality Act 2010 (‘the Act’). The Act protects individuals from discrimination because of sex, race, disability,
A businesswoman has been banned from acting as company director for seven years for allowing her restaurant to employ illegal workers. An investigation by the Insolvency Service in 2013 found that the woman was a director of the restaurant while it was employing three people who were not eligible to work in the UK. The
People who feel they’re being discriminated against at work and are considering bringing a claim need to act quickly. Claims generally have to be brought with three months minus one day of the discrimination taking place. There are limited exceptions to this but the best advice is to act within the deadline. A woman with
The Employment Appeal Tribunal has confirmed that employees are entitled to have commission earnings added to their holiday pay. The decision is the latest round in a long running case involving British Gas and one of its salesmen, Mr Joe Lock. Mr Lock earned a basic wage plus commission. However, when he took holidays, he
A supermarket has been held liable after one of its employees carried out an unprovoked assault on a customer. The incident arose when a customer asked for help from a kiosk attendant at a petrol station run by the supermarket. The attendant responded with foul-mouthed abuse and ordered the customer to leave. He then followed