The government has ended its temporary relaxations on how a limited company’s shareholders can ‘meet’ to make decisions, initially introduced because of the COVID-19 restrictions on gatherings, and the extensions to certain time limits for filing information at Companies House.

Ramsdens Company and Commercial team, led by Partner Richard Dean with support from Emma Spragg, have completed a brace of sales to Linley & Simpson Limited, which is part of the Lombard Group and based in Harrogate, for undisclosed sums as part of Linley & Simpson’s ongoing expansion.

We are experiencing an increase in enquiries regarding the corporate structures of our clients to ensure they are fit for the future as they seek to protect profitable or asset rich parts of their business from those which have or could run in to difficulties due to the pandemic.

We often use the term ‘fair value’ in our documents when determining how shares are to be valued in the future, and recently the High Court interpreted the meaning of these words in the case of Euro Accessories Limited (2021). The court heard from Gerard Gilsenan (Gilsenan) and Aiden Monaghan (Monaghan) regarding a dispute over the sale price of shares in a forced share buy-out.

Ramsdens Corporate team, led by Partner Richard Dean with support from Emma Spragg, Gareth Dando in our Employment team and Simon Mills, in our Commercial Property, advised David and Adam Mosley on Huddersfield based Hartford Holdings' acquisition of Traymate Products Limited, for an undisclosed sum as part of its ongoing expansion.

The pandemic caused by Covid-19 and the resulting restrictions has touched all of us personally and in the way we conduct business.

During these economic uncertain times, many Professional Services Firms will be seeking to protect themselves from financial difficulties and move into position for longer-term growth.

As we close in on almost a year of living with Covid-19, a pandemic that has not only been a global health crisis and economic fallout but one that has highlighted the cracks in our societies social systems; education, food insecurity, economic disparities, we pause to reflect on how society has been forced to change.