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Companies with cash-flow problems, particularly during COVID-19, could be sitting on alternative means of obtaining vital funds. Businesses with their own premises can consider selling the property to their regulated pension schemes to generate additional cash and investment. Stewart Coles, an Associate Director in the Commercial Property department at Thursfields said: “Certain regulated pension schemes…
As a result of the first national lockdown – imposed in March 2020 – in order to mitigate the spread of COVID-19, many small and medium-sized businesses have seen a significant level of financial loss. This saw an increase in claims for those losses under business interruption insurance policies (“BIIP”). There quickly became widespread concern…
By now we will all have been affected by the changes and challenges 2020 has brought about. Not least businesses, which are having to quickly adapt to new guidance and get to grips with what the “New Normal” means for their sector. Although there is an uncertain road ahead, there are some key considerations which…
Companies with cash-flow problems, particularly during COVID-19, could be sitting on alternative means of obtaining vital funds. Businesses with their own premises can consider selling the property to their regulated pension schemes to generate additional cash and investment. Details on how best to achieve this were revealed in a Talk Legal webinar by Stewart Coles,…
Finding an alternative source of funds to support your business via pensions and commercial property will be discussed at a Thursfields Solicitors’ webinar later this month. Stewart Coles, an associate director in the Commercial Property department, will host the free Talk Legal webinar titled “Pensions and commercial property” at 10am on Wednesday 18 November. Stewart…
Recent Government reaction to the Covid-19 pandemic has once again impacted a landlord’s ability to remove commercial tenants on account of rent arrears. The prohibition on the use of forfeiture has been extended, and Commercial Rent Arrears Recovery (‘CRAR’) cannot be exercised until at least 189 days’ worth of rent arrears has accumulated. All initiatives…
A women’s football club has secured the use of its Solihull ground until 2030, thanks to specialist advice from Thursfields Solicitors. Thursfields has arranged a ten year lease for Leafield Athletic Ladies FC to continue playing at Dickens Heath Sports Club, on Rumbush Lane, Earlswood, which is owned by Tanworth and Camp Hill Cricket Club….
Thursfields Solicitors has helped a Birmingham property agent re-let an industrial unit in just five days. Stewart Coles, an associate director in Thursfields’ commercial property team, and Edward Siddall-Jones of agents Siddall Jones, acting on behalf of the landlord Vitalplus Ltd, enabled an electronics wholesale business to move into Units 7 & 8 Magreal Industrial…
Thursfields Solicitors has helped a Birmingham company expand into larger offices due to the success of the firm during the pandemic. Established since 2007, Time Etc Ltd provides on-demand executive assistants who provide administrative support to entrepreneur clients from their own homes on a part-time basis. The business was started by founder Barnaby Lashbrooke and…
The Government has confirmed that it will extend the time period for suspension of the forfeiture of evictions from June 30 to September 30. Additionally, they have introduced the Code of Practice for Commercial Property. The idea of the Code is to provide clarity for businesses when discussing rental payments and to encourage best practice…
No-one should be concerned about a delay in the simplification of rules surrounding leaseholders’ rights to buy or extend their leases, according to Thursfields Solicitors, who said that a long-awaited update on what’s known as leasehold enfranchisement has been put back by COVID-19. But experts at Thursfields said they had been involved in detailed consultations…
Thursfields Solicitors has helped two enterprising directors with a major expansion of their performance car sales business. Jordan Glynne-Jones and Luke Doran, who launched Blakedown Car Company in 2015, have now tripled their showroom space and doubled their overall footprint by taking the premises opposite their car dealership in Heath Mill Close in Wombourne. The…