Inheritance Tax planning for business owners is often overlooked

15 August 2017

When it comes to selling up or transferring on a business to the next generation, entrepreneurs and family business owners are usually encouraged to take measures to reduce the level of Capital Gains Tax payable on the disposal of the business.  Far fewer entrepreneurs are advised to consider their Inheritance Tax (IHT) planning, though, and […]

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Management agreement for new “IBIS Styles” Hotel in Nairobi

10 August 2017

Fladgate has advised IMBA Development in negotiating the management and branding agreement for the new “IBIS Styles” Hotel, Nairobi, Kenya. The signing of the management agreement took place at the hotel in the presence of Naushad Jivraj, CEO of Queensway, Steven Daines, CEO of AccorHotels for Africa & Middle East and Olivier Granet, Chief Operating […]

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Don’t get caught “softlifting”

3 August 2017

Fines to UK SMEs exceeded £900,000 in 2016 for using unlicensed software It is certainly no secret that software has become an integral part of the success of modern businesses in recent years. Business management software has assisted with running operations more efficiently, cost reduction and replacement of paper processes. Cloud computing software has also […]

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Casino development sold to European operator

1 August 2017

Fladgate’s leisure team has advised Saw Close Casino Limited (SCCL) on the real estate aspects of its sale to Austrian based Century Casinos Europe GmbH, whose parent company, Century Casinos, Inc. is listed on NASDAQ.  This is Century Casinos’ first acquisition in the UK. SCCL had previously agreed a 30 year lease for a £5m, […]

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Holiday pay

20 July 2017

It used to be so simple; workers on holiday for a week would receive their basic weekly salary for that period.  No difficult calculations were necessary and there were no (or at least very few…) disputes about unpaid entitlements. However, a number of cases in recent years have changed the landscape drastically.  It has been […]

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Important safety checks required following Grenfell Tower fire

4 July 2017

The announcement by prime minister Theresa May on 28 June 2017 that the cladding used at Grenfell Tower did not comply with Building Regulations is a worrying development in this tragic saga.  How defective cladding came to be installed in circumstances where the public rightfully expect construction works to be properly carried out and certified […]

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Geneva to Nice charity cycle ride

23 June 2017

Starting on 26 June, Fladgate’s head of construction, Alan Woolston, is participating in the next leg of the biennial Hilton organised charity cycle, riding for four and a half days from Geneva to Nice with a team of 25 people from across the hotel industry. He informs us that the 550km trip will only involve […]

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Insurance and liability: points to watch out for

20 June 2017

We frequently are instructed to review management and franchise contracts for potential owners looking to bring in a TPO or franchise a big brand.  Buried in amongst the legal clauses towards the back of the contract are the clauses dealing with liability and insurance, which are often overlooked in the excitement of discussing performance tests, […]

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Navigating loan negotiations: tips for hoteliers

31 May 2017

For those setting up a hotel business an inevitable part is negotiating financing arrangements. Hotel lenders will want as high a level of control as possible over any new hotel business due to the higher risk profile.  However, hoteliers need to be aware that giving up too much control can stifle their ability to be […]

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Sale of Holiday Inn Kenilworth

3 May 2017

Fladgate’s hotels and leisure team has acted for Khanna Enterprises (Holdings) Limited on the sale of Khanna Enterprises (Kenilworth) Limited, the company owning the 115 bedroom Holiday Inn Kenilworth, Warwick to BGAM Hotels for £10.4 million.  Situated in Kenilworth town centre, the hotel benefits from a Marco’s New York Italian and an onsite Starbucks café. […]

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