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TLA launches Company Healthcheck

05th March 2014

Why do a health check?

It might be time to make sure that your company books are in order if you are thinking about taking on investment, merging or acquiring a new business.  Often a better business outcome is achieved if any issues are resolved prior to a key transaction taking place. If there are significant issues with your company documentation this could have an impact on the value of your business or the success of a proposed transaction.

What it covers

We are offering our clients a free company law health check covering the following areas:

  • Up to date filings: Various documents and minutes should be maintained and/or filed at Companies House.  We will carry out a check on these and identify if any further filings need to be made,
  • Memorandum and Articles of Association: What is in the Articles of Association can decide issues such as who will win a power struggle for control of the Board and whether a former Director or employee must sell any shares they may own when they leave.  We will summarise what your current Articles say about these issues.  A memorandum of association may no longer be applicable to your company constitution.
  • Shareholders Agreements: If you have a current shareholders agreement we will review this and report on any key issues contained in them. If you don’t have an agreement you may wish to consider one to set out terms governing issue and transfer of shares, and directorships.  This may be particularly relevant if you are considering a joint venture or certain investment transactions.

How it works

You will need to provide us with the following documentation: last 12 months board minutes and resolutions, latest filed annual return, articles of association, memorandum of association, and any shareholders agreements together with a copy of your registers of members and directors.  A specialist corporate lawyer will contact you to discuss the current business objectives of the business.  We will then review the documents and provide you with a report on our findings and any further recommendations.

If you would like to order the free company law health check please contact:

Barry Doherty

barry.doherty@tlawa.co.uk

Tel: 0845 351 9090