Here at QualitySolicitors Oliver & Co. the specialist lawyers in the Commercial Department have worked with many businesses which have experienced rapid growth and outgrown their existing infrastructure.

Adaptability is essential for a commercial enterprise and the current economic climate dictates that a business must be able to adapt if it is to be profitable and can be a determinative factor in respect of future growth or even survival.

A business may seek to restructure for many reasons:

• as a protective measure (ring-fencing different areas of the business);
• as a tax planning exercise;
• to encourage or as a pre-cursor to external investment.

Sometimes a restructuring exercise can involve the downsizing of the workforce, although careful consideration needs to be given to ensuring compliance with employment law in the form of the TUPE Regulations.

A change of ownership may occur through a merger (influenced by financial issues or development opportunities) or through a management buyout (influenced by succession planning).

However it comes about or whatever the rationale behind the exercise, we can advise on all the issues which arise from company or group restructuring and prepare the relevant documentation. Some of those areas include:

• Mergers / demergers;
• Issue of shares;
• Creation of parent or holding Company;
• Group formation;
• Hive up / down of assets and liabilities between group companies;
• Exit strategies.

The Corporate & Commercial Team at QualitySolicitors Oliver & Co. has extensive experience in advising businesses across the full spectrum of industry sectors from small partnerships looking to incorporate through to multi-national groups of companies with turnovers running into multi-millions.

For further advice and information please use the contact form or call 01244 354697 and ask for Tim Polding.