Whitings LLP, a member of The Corporate Finance Network, has successfully advised the shareholders on their sale of a hospitality business. The Whitings Corporate Finance team was approached by their client after deciding they wanted to divest a hospitality business from their portfolio. The Whitings team, led by Jonathan Moore, marketed the business to a…
On 5th January 2021 the Chancellor announced new one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property to help businesses through the new lockdown. The one-off top-ups will be granted to closed businesses as follows: £4,000 for businesses with a rateable value of £15,000 or under…
HM Revenue & Customs have updated their Gift Aid for charities guidance. In particular, the tables under sections titled The Benefit Rule, Charity Auctions and Educational School trips have been updated the latter of which will be of interest to charities involved in the running of schools and Educational Trusts. The updated guidance…
It is common for entities who undertake research and development to receive grant funding for projects that they undertake. Grants will often be paid on the basis of expenditure incurred or a proportion thereon and may be awarded with certain conditions attached. One such condition for grants above a certain level will be the…
Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised the shareholders of a Lettings & Estate Agency on their company sale. Chris Kelly, Partner at Whiting & Partners within their Corporate Finance team, began by confidentially marketing the business to gauge interest within the market. The process generated a…
Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised an IT security company on its sale to a larger industry player. The vendors had originally acquired the business via a Management Buy-Out a few years earlier and had significantly grown the business under their ownership. The company had reached…
New audit exemption rules for small companies and for subsidiaries The government has recently announced changes to company law that allow many companies and limited liability partnerships more choice in deciding whether to have a statutory audit. The changes apply to financial years ending on or after 1 October 2012. Who is affected? Broadly, there…