The introduction of the furlough scheme brought uncertainty for employers who had granted employee management incentive (EMI) options to their employees. An EMI option is a type of employee share scheme that enjoys favourable tax treatment. These schemes are often…
In our blog post on the 4 May, we provided an overview of the Future Fund loan scheme for UK limited companies, which was based on the initial guidance published by the Government on 20 April this year. Since then, the…
“Bounce Back Loan” Scheme to Assist Struggling SMEs The Government has announced lending assistance in the form of the “Bounce Back Loan Scheme” intended to help small and medium-sized businesses affected by the Covid-19 pandemic to borrow between £2,000 and…
Relaxing the insolvency laws The UK Government has announced that it will introduce new measures to support businesses under pressure as a result of the coronavirus outbreak. The Business Secretary, Alok Sharma, announced plans to make changes to enable UK…
Businesses across the UK and the globe are facing an unprecedent situation because of Covid-19 and we wanted to provide an update for all our clients and colleagues on what this means for you, and how we can continue to…
Rishni Sunak, the Chancellor, today announced a number of measures, he says, to support the UK economy both long term and in light of the Coronavirus outbreak. However, what industry advisers were keeping their eyes on, was the announcement of…
Moorcrofts LLP has recently advised Angel & Rocket Limited (“A&R”) on the company’s investment round by an Indian fashion conglomerate. A&R was founded in 2014, a family business launched by Kate Bostock and her husband, Neil. Since then they have…
Moorcrofts LLP has advised LHi Group Limited (“LHI”) on the sale of its subsidiary, Energy Jobline Limited (“EJL”), to ConnectIn Group Limited (“ConnectIn”). Originally launched in 2012, EJL is a leading jobsite in energy and engineering jobs across the globe. …
Law firm Moorcrofts LLP has advised the shareholders of EveryCloud Antispam Limited, a leading provider of cyber security and email monitoring products and services, on the company’s sale to its German distribution partner, Hornetsecurity. Graham O’Reilly and Matt Baker founded…
Law firm Moorcrofts LLP has advised Steve Bailey on the sale of his controlling interest in Hygiene Group Limited, a leading industrial cleaning services provider, as part of a management buy-out. With over 600 employees, a nationwide network, and a…
Law firm Moorcrofts LLP has advised the shareholders of ADB (UK) Limited, a leading procurement software and services provider, on the company’s sale to Elcom Systems Limited. Liverpool-based ADB is a longstanding client of Moorcrofts, and the company focuses on…
Moorcrofts LLP corporate and commercial property teams have advised Big Sky Partnership Limited on the acquisition of new studio on Brewery Road, London N7. Long-term client, Big Sky Studios, is central London’s largest full-service campus for creative content and photographic…