Chime Acquires Gulliford
Goodman Derrick acted for Chime Communications PLC in its acquisition of Gulliford Consulting
Goodman Derrick’s corporate team acted for long-standing clients, Chime Communications PLC in its recent acquisition of Gulliford Consulting Ltd.
Chime Communications PLC, a leading marketing services group, acquired 100% of the share capital of Gulliford Consulting Limited (‘Gulliford’) for an initial consideration of £2.5 million. Gulliford provides marketing strategy consultancy to major corporate organisations. Chime acquired Gulliford from its founder, Simon Gulliford.
Philip Langford and Tanya Shillingford of Goodman Derrick’s corporate team handled the transaction which involved the payment of initial consideration of £1.5 million in cash, a further £0.5 million in cash to be paid on 1st January 2012 and the issue of 264,830 new ordinary shares in Chime. Further tranches of deferred consideration totalling a maximum of £2.25 million may be payable depending upon the future trading performance of Gulliford. At Chime’s option up to 30% of the deferred consideration may be satisfied through the issue of new Chime ordinary shares.
To Disclose or not to Disclose – Directors’ Conflict of Interest Duties
The Court of Appeal has recently laid down a strict test in favour of the company, ensuring that directors fully disclose their interests in proposed transactions or arrangements that may have a direct or indirect interest with the company.
Impact of the Overseas Companies (Execution of Documents and Registration of Charges) (Amendment) Regulations 2011 (SI 2011/2194) (“the 2011 Regulations”)
Changes are due to be made shortly to the rules relating to registered overseas companies. Read on to see what effect these will have
Mergers, Acquisitions and Investments – Practical Guidance in relation to the Bribery Act 2010
Learn about the potential risks of being associated with a company that has committed a Bribery Act offence
DID YOU KNOW ... that the statutory Default Retirement Age will be abolished with effect from 1 October 2011?
The publicity surrounding the coming into force of the Equality Act 2010 has been so extensive that we’re sure you already know the major changes brought about by it and are fully clued up on how to address them.
Don’t Discriminate Against Your Customers
The Equality Act 2010 came into force on 1 October 2010 and was widely recognised by commentators as consolidating anti-discrimination legislation between employers and employees.
Director Disqualification For Competition Law Violations And The Revised OFT Guidance - A Briefing For Directors
The Office of Fair Trading, (“OFT”), has issued a revised guidance on its new approach to director disqualification orders in competition cases.
Companies Act 2006 Update
From the 1 October 2010 all companies must have at least one director who is a natural person.
Do You Run An Online Business?
DID YOU KNOW that you are required to comply with the extensive provisions of the Data Protection Act 1998 with respect to all personal information that you collect in relation to your customers and people that visit your website?
Collectors’ cars – Important VAT Ruling On Classic Car Imports
Jaguar and historic car dealer JD Classics has won a landmark appeal against HM Revenue and Customs in relation to a £210,000 import duty and VAT case.
In association with Levy & McRae