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25 September 2020 0 Comments Posted in Corporate, Opinion

What the ‘Winter Economy Plan’ might mean for your business

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Yesterday (24 September) the Chancellor of the Exchequer, Rishi Sunak (the Chancellor), announced, as part of the Government’s so-called “Winter Economy Plan”, further support for businesses. As the UK goes back into a state of winter lockdown there had been calls from businesses, and their representative bodies, for the Government to extend and provide additional support.

The Government has replied to these calls and we consider these changes and what they mean for your business.

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21 August 2020 0 Comments Posted in Corporate & Commercial, News

Corporate team acts for WRc plc on the sale of Water Research Centre Ltd

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Our Corporate team has acted for WRc plc on its sale of Water Research Centre Ltd (WRc) to RSK Group Ltd.

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1 July 2020 0 Comments Posted in Corporate, Opinion

EMI options: amends to commitment of working time and disqualifying events

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EMI schemes

We are pleased to report that on 26 June, the Government tabled an amendment to Schedule 5 of the Income Tax (Earnings and Pensions) Act 2003 which will come as a relief to companies with EMI Schemes and holders of EMI options.

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2 April 2020 0 Comments Posted in Corporate, Opinion

Furloughing and EMI schemes: unexpected consequences for option holders and their employers

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EMI schemes

Enterprise Management Incentive (EMI) option holders who have been furloughed by their employers may be facing tax issues, warns our Corporate team.

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27 February 2020 0 Comments Posted in Corporate & Commercial, News

Pioneering lifestyle store secures private equity investment with support from Royds Withy King

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The Corporate team at Royds Withy King has provided equity investment support to the entrepreneurs behind a new kitchen, food market and lifestyle store which will open this summer.

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7 January 2020 0 Comments Posted in Corporate & Commercial, Opinion

The end of the annual return, PSC Register – what is it and what changes were made?

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egister of People with Significant Control Regulations 2016

Since 6 April 2016, all UK companies (other than those subject to financial services requirements and certain listed companies) and LLPs have been required to keep a ‘Persons with Significant Control’ register (“Register”).

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14 October 2019 0 Comments Posted in Corporate & Commercial, News

Royds Withy King unlocks new quarry for MJ Church

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M.J.Church Royds Withy King

Law firm Royds Withy King has advised MJ Church (Plant) Limited on the acquisition of Wick Quarry Limited in a deal that will see waste management and conservation working hand in hand.

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4 June 2019 0 Comments Posted in Corporate & Commercial, Opinion

The importance of proper disclosure

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In a recent case in the High Court, Mrs Justice Cockerill DBE held that the sellers of all the shares in a private company were in breach of warranties given by them in a Share Purchase Agreement (SPA) by reason of an under provision of the target company’s liabilities in its most recent annual accounts.

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23 April 2019 0 Comments Posted in Corporate & Commercial, News

Royds Withy King Deals with the Logistics of Transport Company Purchase

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Press release

A Blackburn-based transport group has acquired a family-run logistics business, with advice and support from Royds Withy King. Royds Withy King acted for OTIF Holdings Limited, which is owned by entrepreneur Graham Darnell, on its purchase of Adam Jones & …

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11 October 2018 0 Comments Posted in Health & Social Care, Opinion

Buying or selling a dental practice: change in process for applications to the Care Quality Commission and NHS England

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Dentistry

Our Health & Social Care team explain the new approach the CQC is planning to take in relation to the application process on the sale of dental practices. Although as yet unpublished, the new process will pose problems for both buyers and sellers of dental practices.

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17 May 2018 0 Comments Posted in Corporate & Commercial, Opinion

EMI options and EU state aid

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EMI schemes

We previously reported the expiry on 6 April 2018 of EU State Aid approval for EMI schemes. We have since been awaiting a decision from the EU Commission on a fresh approval.

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EU State Aid and EMI share options

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EMI schemes

It is not commonly understood that the EMI tax regime is subject to the EU State Aid rules. HMRC published a Bulletin on 4th April with an update for companies operating EMI option plans. It is particularly relevant for those companies proposing to grant EMI options in the near future.

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