Location: Greater Manchester – 854

Headline Points:

Financial:

• Fees for the period 1^st April 2023 to 31^st January 2024 c £353,863.  Work-In-Progress is in the order of £1,400,000.

• Fees receivable for the Year Ended 31^st May 2023 £404,055.

Breakdown of current work types:

• 35% Personal Injury

• 10%  Clinical Negligence

• 25%  Housing Disrepair

• 30% Stamp Duty Reclaim.

Headcount:

• Two Partners

• 1 Solicitor

• 3 Fee Earners

• 1 Admin

• 1 Accounts

Members of staff are not protected under TUPE Regulations.

• Premises – available with or without office premises:

• Annual Rent £14,391.36 (for 2 offices).

Herewith Terms for the Sale/Merger/Take-over etc of Law Practice:

1. Goodwill, Work-In-Progress, Furniture, Fixtures, Fittings, Equipment and Library – Offer invited.

2. Offices are fully furnished and chattels are transferrable to the acquiring practice.

3. The acquirer/merging entity of this business to be the Successor practice.

4. Office Premises:  available with or without office premises.

5. The acquirer of this practice will be required to take-over the unexpired part of all on-going agreements relating to future payments for software licenses, equipment, furniture, fixtures, fittings, storage rental, PI insurance, library and any payments made for the running of the practice.

6. Consultancy for the out-going Partners:  On-going working status / arrangements and remuneration to be negotiated.

7. Members of staff are not protected under TUPE Regulations.

8. Money held in Office Bank Account and Office Debtors do not transfer to the acquirer.  Clients’ Accounts, both Current and Deposit will be reconciled and transferred to the acquirer.  Ongoing payments commencing the first day after date of transfer of the business will be discharged by the acquirer of the business.