The Government has announced a new scheme to issue convertible loans to innovative companies which are facing financing difficulties due to the Coronavirus outbreak: the Future Fund. 

The Future Fund will launch in May 2020. 

The scheme will initially be open until...


We wanted to take a moment to update you on the steps we have already taken and our plan moving forward in relation to Coronavirus (Covid-19).

These are exceptional times and we would like to reassure you that our team is working hard to maintain the wellbeing of all st...


Convertible loan notes are a loan made by an investor to the company which may be converted by the investor into shares in the company. They are often regarded as a flexible form of financing by both the company and the investor.

What are the advantages for the company?



What are Articles of Association?

Articles of association, also called ‘articles’, create a contract between a company and its shareholders, and are a set of rules for the running of the company. 

What are included in the Articles of Association?

The articles are divided...


Growth Shares are a special class of shares which reward holders with the growth in value of the company above a ‘hurdle’ which is specified on issue. Growth Shares generally allow gains to be taxed as capital by holders and could be used when EMI cannot be used.



You are likely to need a commercial solicitor for the really important transactions in relation to your business. You should make these checks before entrusting your deal with a particular law firm. Most likely you will want to contact and consider at least two to thre...


Limited Liability Partnerships (or LLPs) are a hybrid entity offering limited liability but allowing members to organise themselves as in a traditional partnership.

An LLP member may be an equity member who receives a share of profits or a fixed share member who has a f...


Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) are schemes designed to help small or medium sized companies raise money by offering tax reliefs to individual investors.

SEIS/EIS relief is often a pre-requisite for attracting investors to...


As a law firm, we don’t carry out valuations of businesses. We as solicitors, however, are often involved in business valuation discussions. A friend at an accountant firm explained to us the approaches taken to value privately held businesses. There are three main app...


A Vendor Funded Management Buy-Out (MBO) is a transaction which allows you as the owner to sell your business to your management team. You would expect to be taxed on capital gains at 10% with Entrepreneur’s relief.

Following completion of the transaction, your manageme...

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Crest Legal Solicitors
86-90 Paul Street

London EC2A 4NE

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Crest Legal is the trading name for Crest Legal Limited. Crest Legal Limited is registered in England and Wales with company number 11078493, with its registered office at 86-90 Paul Street, London EC2A 4NE. Crest Legal Limited is a firm of solicitors which is authorised and regulated by the Solicitors Regulation Authority with SRA number 645425. 


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