The relationship between the shareholders had deteriorated and it was agreed that the claimant would sell his shares to the majority shareholder, but they couldn’t agree a price.

Chancellor Rishi Sunak delivered the 2021 Budget, which extended several Coronavirus support schemes and outlined plans for the country’s post-pandemic recovery.

In the continuing Government measures to support businesses during the Coronavirus pandemic Companies House has placed temporary pause on their processes for voluntary and compulsory strike offs from 21 January 2021 to 21 February 2021.

Recent legislation has been introduced to relax corporate governance requirements, in the Corporate Insolvency and Governance Act 2020.

It is worth reviewing your contractual obligations not just with employees but also with clients / customers and your bank.

A drop in productivity, and/or reduced demand could cause cash flow issues for many SMEs during the Coronavirus outbreak and beyond. Projections have always been a key tool for businesses and as the uncertainty surrounding Covid 19 and its economic effect continues, potentially never more so.

In a time of such uncertainty it may feel counter intuitive to be focussing on the future, however taking time to secure your business as we approach the possibility of lockdown restrictions lifting could be time well spent.

Small business owners do not just need a will. They need to be sure their business will be able to continue if the worst happens.

A company’s articles of association (“Articles”) set out provisions relating to a company’s constitution (for example the rights attaching to a company’s share capital and rules relating to meetings). The Articles are a public document and are available for inspection at Companies House.