Europanel UK Limited
Paul Rooney was the long-time Financial Director of a substantial international company when it was taken over and restructured leaving him facing an uncertain future.
Pearson Hinchliffe Commercial Law helped Paul to identify commercial opportunities where his skills and experience could be utilised, and advised him on the purchase of a company.
After conducting research, an ideal company was found in Europanel UK Limited, a manufacturer of MDF and melamine boards, which was in administration subject to a Company Voluntary Arrangement (CVA). Naturally, purchasing an existing business means taking on the previous owner’s legacy which made our advice all the more important, particularly when it came to considerations of existing obligations to staff, disclosure of liability to creditors, funding, legal systems and documents, and the subsequent purchase.
Pearson Hinchliffe Commercial Law formed a holding company with which to purchase Europanel UK Limited and its’ associated companies, providing a company structure with suitable funding to enable the company to continue in business.
The company has thrived under the new regime, paying off its liabilities to the Creditors of the Company and developing an exciting portfolio of products and technologies.
We are pleased to say that Europanel UK Limited now has a very successful niche position and is one of the leading companies in its field in the UK.
“As an experienced FD I have appreciated Roger Hinchliffe and his team’s commercial awareness as well as their legal expertise. They have consistently proved exceptional value and enabled us to tackle a wide range of business challenges from the outset. Other qualities I've valued are the fact that they always provide prompt and pragmatic advice, and their fees are both realistic and transparent."
Paul Rooney, Chairman Europanel UK Limited.
To speak to a specialist in this area of law please contact us
News
18th November 2008
Prudential Assurance Company Ltd v PRG Powerhouse - implications for the commercial property market
CVA "unfairly prejudiced" landlords having the benefit of creditor arrangements and third party guarantees.
13th November 2008
Acas code of practice on discipline and grievance, approved by BERR
Cost and time-saving reforms, aimed at solving diputes internally, scheduled for April 2009.
11th November 2008
The Landlord and Tenant Act 1954: Ending and renewing business tenancies
What to consider to protect both parties' interests.
Case Study
27th August 2008
Franbar Holdings Limited –v- Patel and Others
Concerning the Derivative Actions introduced by the Companies Act 2006.
21st July 2008
Pearson Hinchliffe Commercial Law Advises Systime Inc. on Europe-wide supplier contract
Pearson Hinchliffe Commercial Law's specialist Company & Commercial team has advised multi-national Systime Inc. on an important contractual document implemented Europe-wide.
2nd June 2008
Dashfield v Davidson, do your company’s articles reflect your intentions?
When a shareholder died unexpectedly, under the articles the company then purchased the shares based on accounts for the last completed financial year prior to the death - 2 years prior.