Top 10 tips for starting your own business

Starting your own small business can be both difficult and rewarding and often a learn-as-you-go process. Making more smart decisions early on, will better the chances of success. Neil Large, partner in our corporate team, shares his top ten tips. Address excuses: Countless people dream of becoming entrepreneurs, but they never do. They’re burdened with excuses and fears of failing. From money to time to responsibilities, you can make a million cases for not starting a business. Let’s face it, being your own boss is scary. In most cases, new business owners have a lot to lose with little insight into their chances of success. Worrying about the risks of…

GDPR Client Case Study: Jessops Construction Limited – high profile £17m turnover building company

“The senior management team at Jessops Construction wanted to ensure that we were doing everything necessary to be compliant with new GDPR legislation. As such, we sought Euan’s advice on the topic to clarify this for us. During this process, we found Euan to be knowledgeable about the subject, and thorough in his explanation of the implementation of changes necessary to company procedure in relation to the collection and storing of data. We found his approach user-friendly and were pleased with the outcomes of our collaboration.” Kelly Yarwood, Company Secretary Working in an industry governed by multiple different layers of regulations, the senior management team at Jessops Construction Limited immediately…

Succeeding at Succession in Family Businesses

Planning for exit and succession can be difficult in any business, but as Neil Large partner in our Corporate Team explains, in family businesses there are additional factors to consider. One of the problems with family succession planning is that the two key objectives – liquidity and preservation of the business legacy appear to be in conflict – how can you get cash without selling up? A sale to a trade buyer may be unattractive if the plan is to keep things in the family, and this is where a purchase by family members (a “Succession Buyout”) is an increasingly viable and popular alternative. A Succession Buyout is essentially a…

GDPR Client Case Study: Sleeping Disorders Centre – nationwide medical group

“I have no hesitation in recommending Euan and Sills & Betteridge to anyone seeking practical commercial advice, delivered quickly and cost-effectively, with a focus on the commercial context of the issue at stake. I have been delighted with the services of Sills & Betteridge over a number of years, during which time they have consistently satisfied all of my business and private legal requirements.” Michael Oko, Director   Sleeping Disorders Centre as a practice is always keen to recognise and meet its legislative and regulatory responsibilities, and felt that the introduction of something such as GDPR required it to take detailed advice to ensure proper measures were put into place.…

Leading South Yorkshire corporate lawyer joins Sills & Betteridge

Sills & Betteridge LLP is delighted to announce the recent appointment of Partner Neil Large. Neil joins the firm with over 20 years’ experience as a corporate and banking lawyer, with leading UK national and regional full-service law firms. Neil specialises in the full range of corporate transactions including cross border, all types of debt and equity finance, and all aspects of company and commercial law. His clients include local, national and international businesses and their stakeholders, private equity and venture capital funds, business angel investors, banks, asset and trade finance lenders, MBO/MBI teams, high net worth individuals, entrepreneurs, and real estate investors and developers. He will be based primarily…

Is it time to health check your SME business?

There’s a lot more to a business legal health check than simply finances. As Neil Large an experienced M&A and banking lawyer in our corporate team explains, it provides an essential all-round MOT for your company. Businesses are always looking to cut expenditure and reduce exposure to risk. Directors often focus on finances alone and the annual account audit as a measure of risk, without examining the wider business. An accounts audit will review historical performance, but a legal health check allows you to plan for the future. A legal health check will help highlight areas where improvements and cost savings could be made, and what are the strengths to…

Family courts ‘not safe space’ for domestic abuse survivors

In a recent article, the BBC reported that family courts are ‘not safe spaces for domestic abuse survivors’. Chrystal Theofanous, Head of Domestic Abuse shares her thoughts below. “Whilst I am pleased that this case has hit the headlines to bring awareness of what is happening within the courts up and down the county, I am disappointed to say this is not an isolated case. For years we have been told that judges and indeed Magistrates are to get ‘specialist training’ when it comes to dealing with domestic abuse cases. However, more and more we are coming across barriers where victims of domestic abuse are often made to feel like…

Employment Law: What’s to come in 2020?

2020 looks to be a big year for employment law. Brexit is due to go ahead on 31 January 2020. There will be a transition period until 31 December 2020, during which EEA Nationals will still be able to come to work in the UK. Employers should ensure that EEA Nationals obtain settled or pre-settled status, to enable them to stay at the end of the transition period. EEA Nationals resident in the UK have until 30th June 2021 to make an application. From April 2020… The National Living Wage rate, for workers aged 25 and over, will increase from £8.21 to £8.72 per hour. All new employees and workers…

Family Mediation: Conversations worth having

Press Release 17.01.2020 When relationships break down, families face a lot of challenges. Among these are practical considerations such as “What arrangements will be best for any children?” and “What will happen with finances?” Professional family mediators act as neutral third parties to help ex-partners have conversations about these issues. Survey results just published show that this is a highly successful way of helping couples resolve disputes, with mediation successful in over 70% of cases. The survey also shows that where both of the people separating go and see a mediator for an initial meeting, three quarters choose to go on to mediate. This is despite the fact that many…

Debt Recovery Specialist joins the firm’s Commercial Law Team

The Commercial Litigation Team at Sills & Betteridge LLP has recently been strengthened by the appointment of Debt Recovery Chartered Legal Executive Madeline Broddley. Madeline joins the firm with over 30 years of experience in national and international debt recovery and insolvency, representing national and international banks, local government, builders merchants and energy and utility providers. She specialises in the enforcement of charging orders by way of applying for orders for sale and the realisation of legal, equitable and statutory charges along with other possession actions, such as mortgage repossession. She also deals with the recovery of overpaid benefits, benefit fraud, bankruptcy and foreign process, which may involve the recovery…