If you’re selling your business, how long can you count on Entrepreneur’s Relief?

If you’re at the stage where you’re considering selling your business as part of your exit strategy, how long can you count on Entrepreneur’s Relief being available? ORJ’s corporate and commercial law specialist, Lorraine Smith, responds to a question a number of clients have asked, given the current political uncertainty. It has been government policy […]

Successful £1.7m management buy out

The ORJ Corporate Team headed up by Lorraine Smith, Partner, have recently completed the £1.7m management buy out of a local environmental services business who is a key supplier to Network Rail. Lorraine commented on the transaction “This was a particularly complicated transaction. The vendor had received external offers for the Company but was committed […]

Selling a business – Entrepreneurs relief

Entrepreneurs relief is a key concern to anyone selling their business. Entrepreneurs relief is a CGT relief applying to a limit of £10m in qualifying capital gains, effectively reducing the rate of capital gains tax payable from 28% to 10%. The limit is a lifetime limit and is cumulative but it is an individual limit, […]

Share Buybacks

A Company own purchase of shares is a great way to enable a return of capital to the company’s shareholders. In simple terms a buy back enables a company to purchase its own shares from one or more existing shareholders. Once the buyback has been completed, the shares are cancelled, having the effect that the […]

The Pros and Cons of a Business Sale Via a Management Buyout

If you are thinking of selling your businesses, then one of the most common ways of doing so is by a management buyout. Virtually every professional service business deals with succession planning in that way so we are all used to the idea having bought into our businesses under such arrangements. However these deals are not second […]

Selling your business? No one understands the process better than ORJ

Thinking of selling your business? Over the last 20 years ORJ’s specialist team has helped our clients sell hundreds of businesses. We estimate we have acted on sale transactions worth in excess of £600 million pounds. Every good business person knows that to make things run smoothly you need great people and good processes. By […]

ORJ advises Finning UK on bespoke contract re: White Hart Lane stadium

ORJ Solicitors LLP has been asked by the Finning UK to advise on a bespoke contract for the development and sale of demolition equipment for Tottenham Hotspur’s famous White Hart Lane stadium. Finning had to come up with a solution which combined the capability of heavy duty mobile plant together with a 70m extendable claw. […]

Can Construction Adjudication be a panacea for our ailing justice system?

In 2015, court issue fees in England and Wales were raised substantially; some by more than 600%.  The highest issue fee is now £10,000, which is applicable to all cases valued at £200,000 or more.  Coupled with earlier changes eliminating the recoverability of Conditional Fee Agreement (“CFA”), success fees and After the Event (“ATE”) insurance […]

Are tax schemes going to be the subject of the next misselling scandal?

We have all seen the difficulties suffered by celebrities exposed as having participated in aggressive tax schemes. We all stand amazed that people with so much money risk their reputation to avoid paying their due. In fact, the celebrity pages reveal just the tip of the iceberg.   Thousands upon thousands of respectable businesses and business […]

The low down on implementing Enterprise Management Incentive Schemes (EMIs) in your business

Enterprise Management Incentive (EMI) options are a type of discretionary share option scheme commonly used by smaller private trading companies to incentivise and retain key employees. EMI options are HMRC approved and provide excellent tax benefits for both employees and employers alike. Implementing Enterprise Management Incentive Schemes: qualifying criteria for the company EMI’s are subject […]

Tips on buying a business from an administrator or receiver

If you have been looking for opportunities to buy a business that compliments your existing business for some time, you might like to read through some of our tips on buying a business from an administrator or receiver. It could be that you have set your sights on a competitor business, maybe it is someone […]