Corporate Solicitors for your business
During its life cycle, your business may need to react to positive and negative changes. You may be required to restructure your business due to rapid growth, to take advantage of a new business opportunity or for succession planning purposes. When times are more challenging, you may need to restructure your workforce to address trading and other concerns. Either way, getting the advice you need early is key.
Our commercial and employment & HR solicitors can help you in a variety of ways including:
Reorganising your business
Our corporate team has extensive experience of all aspects of reorganising, restructuring and demerging companies, from advising on structures and steps plans, through to drafting the necessary agreements to implement your plans.
Reorganising projects are often managed in-house with responsibility for managing the process left with a board member. However, it’s imperative that the steps taken are compliant, particularly any transfers of assets, trade or employees. Inadequate or inaccurate documentation risks compromising future business transactions such as a sale. That is why we always recommend early engagement with one of our corporate law specialists who can work collaboratively with your in-house team and tax and accounting advisors to ensure that your goals are met in a cost-effective manner.
Our corporate team regularly advise on:
- Demergers
- Solvent schemes of arrangement including section 110 schemes of arrangement
- Intra-group reorganisations
- Share buybacks
Capital reductions - General refinancing
Reorganising your workforce
The process of reorganising your workforce can include making minor changes to your teams’ terms and conditions of employment, promoting people, creating new roles to transferring teams in and out of the business and making individual or collective redundancies. Change can be challenging and disruptive for those affected. Our team of HR and employment experts can support you throughout your restructuring project to make sure your employees remain engaged, reduce the risk of claims and help you retain your team.
Redundancy & TUPE
To make someone redundant, an employer has to clearly demonstrate that the role is no longer needed. While this might sound simple the law surrounding redundancies is complicated, with different legal obligations arising depending on the number of employees being placed at risk of redundancy. Our employment and HR team can advise you on the redundancy processes an employer should follow to ensure your business is protected from claims from former employees, both now and in the future.
Restructuring
The process of reorganising a business often means you’ll need to alter some employees’ roles. While the business may not want to lose employees, the change of roles can be disruptive for those affected. Our team of HR and employment experts can support you throughout your restructuring project to make sure your employees remain engaged, reduce the risk of claims and help you retain your team.
Next steps: get in touch
If you need legal advice to help you understand your options, contact our experts on: 0800 533 5349 or enquiries@mogersdrewett.com
Meet the team
Frequently asked questions
A demerger is a form of corporate restructuring in which the entity’s business operations are segregated into one or more components. It is the opposite of a merger or acquisition.
A share buyback, also known as a share repurchase, is when a company buys its own outstanding shares to reduce the number of shares available on the open market.
Share buybacks can create value for investors in a few ways: repurchases return cash to shareholders who want to exit the investment. With a buyback, the company can increase earnings per share.
Articles of Association are written rules about running the company agreed by the shareholders, directors and the company secretary.
One of the key reasons to consider business restructuring is the tax-efficient benefits that could come with it. Reorganising the structure of a business can create advantages by creating a more tax-efficient corporate structure.
A company is insolvent when it can’t pay its debts. This could mean either: it can’t pay bills when they become due or it has more liabilities than assets on its balance sheet.
