We advise clients buying and selling businesses including large companies, small- to medium-size enterprises and professional partnerships.

As well as dealing with the main sale and purchase documents, we also give advice on matters related to business sale and business acquisition such as banking and finance arrangements, employment and consultancy agreements.

Our approach

We always seek to identify key issues at an early stage, helping to prevent deals from becoming bogged down in unnecessary process and paperwork.

We tailor our approach to suit the client and the transaction. Some of our clients are businesses and entrepreneurs who buy and sell businesses frequently; to them we offer a very commercially-aware and cost-effective service.

First-time buyers and sellers often need more guidance. We provide as much support as is required and explain every step of what can be a complex process.

We can offer a 360° insight to buyers, sellers and management teams. 

Our team

  • Our team of specialist lawyers has experience in a wide variety of industry sectors.
  • Completed deals range in value from £100,000 to over £40 million.

View our corporate and commercial services brochure.

For further information please contact Jonathan Thornton on +44 (0)20 8394 6521 or at Jonathan.Thornton@russell-cooke.co.uk, or any other member of the team whose details appear below.

Panel member of Law Society Lawyers for your Business scheme

Lawyers For Your Business is a network of 1,000 solicitor firms in England and Wales offering specialist advice to small and medium-sized businesses.

www.lawsociety.org.uk

Charges are usually based on our hourly rates plus administrative charges and disbursements. We will provide you with an initial estimate of your likely legal costs and will update this as your requirements or the circumstances of the work change.

We may also be able to offer fixed priced options for clients depending on their budget and the size, type and complexity of the work involved.

We would be pleased to discuss your requirements free of charge and tailor a costs proposal accordingly.

Entrepreneur’s Relief

This is the relief from capital gains tax which in many circles will reduce the rate of tax paid by the seller of shares in a private company from 18% to 10%. The link above is to HMRC’s help sheet on the subject. For more advice please contact Russell-Cooke’s corporate tax specialist, Scott Leonard on 020 8394 6520.

www.gov.uk/entrepreneursrelief

TUPE

TUPE stands for the Transfer of Undertakings (Protection of Employment) Regulations. These rules govern employers’ responsibilities to employees on the sale of a business and they commonly trip up the unwary business proprietor. The link above is to the Business Link Guidance on TUPE and what to do to ensure you comply with the rules. If you would like more information please contact Jonathan Thornton, on 020 8394 6521.

www.businesslink.gov.uk

Stamp Duty Land Tax

The rules on SDLT where a company sells its business and a substantial payment is made for goodwill can lead to an unpleasant and substantial tax charge which the buyer was not expecting. The link above is to HMRC’s guidance on the subject. For more information please contact Scott Leonard on 020 8394 6520.

www.gov.uk/stampdutylandtax