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Business Sales and Purchases

The sale or purchase of a business is a major decision, and it is vital to get specialist legal advice so that your transaction is completed in an accurate and timely manner and your business interests are protected.

Whatever your reason for buying or selling business assets, Rotheras corporate team is on hand to provide support and practical advice.

Why use Rotheras for your Business Sales and Purchases?

Our team have experience in the sale and purchase of businesses in a variety of industries and sectors.

We can assist you in carrying out due diligence, so you have a thorough understanding of what you are buying, from a business’s assets to its liabilities.

If you are selling a business, we can help you deal with the buyer’s enquiries to ensure you are thoroughly protected.

We can assist in drafting and negotiating the business purchase agreement.

We have long-standing relationships with many local accountants and independent financial advisers who can advise you on whether an asset sale/purchase, or a share sale/purchase is the best option for you.

If you are looking to sell only part of a business, we can help you to separate the business out.

If you are selling your business, we can advise you on how much information to provide prospective buyers to protect yourself from potential commercial damage.

Typical Selling a Business Process

  1. The parties involved will often negotiate the basic terms of the deal which is sometimes set out in writing using “Heads of Agreement”;
  2. We will work with you to consider and plan for the future and carry out enquiries and searches where applicable;
  3. The seller will often require a non-disclosure agreement/confidentiality undertaking;
  4. The buyer will carry out Due Diligence to obtain various information relating to the company being purchased; if we are acting for the buyer, we can help to prepare a detailed list of questions to send to the seller’s solicitor and keep a detailed record of the answers and documents received;
  5. The buyer’s solicitor will usually prepare a draft of the business purchase agreement which will be sent to the seller’s solicitor for their review. This may undergo several revisions  as the negotiation progresses;
  6. A Disclosure Letter is drafted by the seller and negotiated between the seller and the buyer. This aims to bring any potential problems to the buyer’s attention by stating any matters that the seller knows of.
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Billy Shaw

“We strive to make every matter as stress free as possible”

Billy Shaw
Solicitor

If you’re happy then we’re happy too.

4.8 218 reviews

Posted 27/01/2020

"Impressive group with expertise in both matrimonial finance cases and children matters. A strong childcare team handles cases involving physical and emotional abuse, as well as fatalities. Well versed in matters with international aspects, Hague Convention cases, as well as adoption and guardianship issues.

Chambers UK, 2018

Posted 27/01/2020

Anton Balkitis frequently represents the operators of both goods and passenger vehicles in court proceedings. Clients remark: "He has a commercial understanding of real-life issues and will always provide a balanced view

Chambers UK, 2019

Posted 27/01/2020

Impressive group with expertise in both matrimonial finance cases and children matters. A strong childcare team handles cases involving physical and emotional abuse, as well as fatalities. Well versed in matters with international aspects, Hague Convention cases, as well as adoption and guardianship issues.

Chambers UK, 2018

Posted 02/06/2020

Chris Powell at Rotheras was recommended to us by a trusted associate within the Transport Industry; without doubt we wouldn’t have had the excellent outcome we did without his and his team’s involvement. The level of professionalism, expert advice and assistance was faultless; we felt reassured and well informed throughout the whole process. It was a pleasure to do business with him and would highly recommend his services!

Julian Brindley - John Brindley Ltd

Posted 12/08/2020

The team at Rotheras, and Mr Powell in particular, have provided us with an outstanding service. We are extremely grateful for the help and support they gave us in dealing with issues relating to our transport operations and our goods vehicle operators licence. Mr Powell was professional, knowledgable, efficient and effective. He quickly understood our business and the problem we had. He responded with sensible advice and acted quickly on our behalf to resolve the matter. I cannot thank him enough for his help and I would recommend Mr Powell, and the Rotheras team, without hesitation. I am extremely grateful for the help they gave us.

Richard Hitchcock - Hitchcock & King

Posted 12/08/2020

I would highly recommend James Briggs, solicitor at Rotheras. He has been extremely helpful, patient and thorough whilst helping me with affairs following the death of my husband. Even during lockdown (covid) he maintained communication and kept me informed of what was happening. He successfully achieved the outcome I needed and I would not hesitate to recommend him.

Yvonne Gold

Posted 30/09/2020

We are in the middle of launching our own packaging agency and contacted Rotheras for some professional legal advice with regards to contracts. After an initial call with Billy, he made it clear what we needed and asked plenty of questions to understand what it was we needed. He was very responsive to our questions, whether it be over the phone or via emails and made the process really simple. We had little experience in this area so it was fantastic to work with Billy, who explained everything concisely. We were also really pleased with the quick turnaround and great value offered. Would thoroughly recommend working with Rotheras.

Tom Burden, Director of Rightbox Ltd

Posted 30/09/2020

Billy understood our requirement from the get go and really nailed down on what we needed in our commercial agency agreement. Billy kept us informed every step of the way and showed great professionalism. We would recommend his services to any start-up business who is in need of legal advice and guidance with commercial contracts.

Axl Barber, Sales Director of Rightbox Ltd

Posted 11/02/2021

I was extremely pleased with the service that Kerry provided in order to sell my mothers house. Good, prompt communication and all questions dealt with or answered as requested. Consequently I would recommend yours services to others.

Adam Stevens

Posted 25/03/2021

Anton has substantial experience acting for commercial goods hauliers and other transport operators. He advises on a range of contentious issues including operator licence, maintenance and tachograph matters, with a wealth of experience acting in public inquiries before Traffic Commissioners."Anton is a highly informed and personable lawyer.

Chambers UK, 2020

Posted 25/03/2021

Chris Powell focuses his practice on road transport issues, regularly representing haulage, transport and logistics companies. He has considerable experience in regulatory matters involving operator licences and compliance failings, as well as more serious criminal investigations relating to fraud.

Chambers UK, 2020

Posted 07/06/2021

Dear Sally, I can’t thank you enough for today! You took the pressure off me and I felt so looked after and understood everything that was happening. Thank you so much!

Kelly Neave

Contact our Corporate Services Team
Corporate Services Team
Joshua Morley

Joshua Morley

j.morley@rotheras.co.uk

Joshua Morley is a Trainee Solicitor currently in the Commercial and Corporate department and is based in the Lace Market office.

Billy Shaw

Billy Shaw

b.shaw@rotheras.co.uk

Billy advises businesses on a range of commercial and corporate issues and is happy to assist you with buying or selling businesses, corporate mergers and shareholder agreements

Millie Moreton

Millie Moreton

m.moreton@rotheras.co.uk

Millie Moreton is a paralegal in Rotheras commercial and dispute resolution departments and is based at our Lace Market office.

Lauren Kilbride

l.kilbride@rotheras.co.uk

Lauren Kilbride is a Trainee Solicitor within Rotheras’ Corporate & Commercial department and is based at the firm’s Lace Market office.

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