Growing a Company

Companies can be complex structures and once a business starts to scale, there may be a need to include additional directors, change the company address, change the company name, register charges or incorporate external investors in terms of shareholding, leading to complex shareholders agreements. All this activity must be properly managed, recorded and registered with Companies House.

Company Professionals only deal with fully insured members of the Association of Company Registration Agents

As a business grows, so does its outgoings, leading to increased pressures on cash flow. It is essential to have a team of experienced accountants watching your back. They can ensure a business does not overstretch by keeping a close eye on cash flow and using management information, financial forecasting and planning.

Experienced company accountants can provide guidance on investments and funding options, as well as practical areas such as the impact of increased head count leading to more payroll, auto enrolment pensions and National Insurance contribution queries.

Company Professionals only deal with fully insured Chartered Accountants registered with the Association of Chartered Certified Accountants (ACCA), Institute of Chartered Accountants in England and Wales (ICAEW) or Association of International Accountants (AIA).

Recruiting more staff into a rapidly growing business can be a time consuming and costly process, in addition to the financial and time pressures of advertising for staff, as well as the selection process, issues around job descriptions, equality and diversity obligations, all make it essential and ultimately more cost effective to have an experienced HR professional on board. 

As a business grows a management structure will start to emerge that needs to be properly deployed and communicated, in turn requiring more complex contracts of employment. If a company considers merging or taking over another business as part of its growth plans, then there are significant and potentially costly implications that HR experts can provide advice and support with.

Company Professionals only deal with fully insured members of the Chartered Institute of Personnel and Development.

With expansion often comes the need for new premises and the negotiation of commercial leases. Also, as the business develops, this in turn could generate the need for more complex contractual arrangements, as well as the securing of corporate finance, possible franchise, agency or distribution agreements or advice in exploring export opportunities.

Having a team of expert legal advisers is important to navigate these stages, ensuring that the momentum of any growth trajectory does not falter. Also, some business owners decide that they have achieved their goals and are looking to exit and sell the company. This can lead to complex issues around valuations, assignment, what happens to the staff or the transfer of any Intellectual Property (IP), all factors that need expert legal input from experienced lawyers.

Company Professionals only deal with fully insured Solicitors registered with the Law Society and Solicitors Regulation Authority.