Tag Archives: General News

What is the difference between reasonable endeavours and best endeavours?

Posted on 19/06/2024 by Ben Ironmonger

When entering into a commercial contract, the language used to define obligations can significantly impact the parties’ responsibilities. Terms like “reasonable endeavours,” “all reasonable endeavours,” “best endeavours,” and “best commercial endeavours” are often included to set the standard of effort legally required. Understanding these terms is crucial for ensuring compliance and protecting your interests. Here at Scott Bailey LLP, our company and commercial solicitors in Hampshire are dedicated to providing clear guidance on critical contract terms like these so that you can focus on running your business. Reasonable Endeavours Definition and Standard “Reasonable endeavours” is a term used to indicate that a party must take one or more reasonable courses of action to fulfil an obligation, without sacrificing its own commercial interests significantly. This is a balanced approach, allowing a party to fulfil its duties without going to extreme lengths. … Continue reading →

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Companies House filing fee increases

Posted on 29/04/2024 by Ben Ironmonger

Following a recent announcement, Companies House will be increasing its fees from 1 May 2024. Whilst the increases on the one hand appear significant, they haven’t actually been increased for some years, and hopefully additional funding will help enable Companies House to bolster efficiency, and the transparency and reliability of filed business information, in line with the broader objectives of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). That said, it is important for SME business owners and operators to be aware of the changes and to avoid being caught out. The fee increases extend to various entities, not just limited companies. For example, limited liability partnerships and overseas companies. Some of the key digital filing fee changes include: A full list of the changes can be found here: Changes to Companies House fees. Whether you are an aspiring entrepreneur, … Continue reading →

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Legal terms every small business owner should know

Posted on 01/02/2024 by Ben Ironmonger

As a small company owner in the UK, navigating the legal landscape can be daunting. Understanding a few key legal terms can really help with ensuring compliance, protecting your business, and making informed decisions. In this blog post, we’ll explore some basic legal terms that every small company owner or director should almost certainly know, providing clarity and guidance to help you navigate the intricacies of UK law. Navigating the legal complexities of running a small company in the UK requires a solid understanding of key legal terms and concepts. By familiarising yourself with the terms outlined in this blog post, you can help to protect your business, comply with legal requirements, and make informed decisions that contribute to your business’s success. Remember to seek professional legal advice when needed and stay updated on changes to UK law that may … Continue reading →

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Economic Crime and Corporate Transparency Act 2023

Posted on 09/01/2024 by Ben Ironmonger

The Economic Crime and Corporate Transparency Act 2023 (ECCTA) received Royal Assent on 26 October 2023, marking another significant milestone in the UK’s legislative landscape. The new legislation makes various changes to the Companies Act 2006, and aims to strengthen the UK’s defences against economic crime and enhance transparency in corporate governance. In this blog post, Ben Ironmonger, Company and Commercial Solicitor and Partner at Scott Bailey LLP, introduces some of the key implications of the ECCTA and its impact on businesses. Companies House Reforms A large element of the ECCTA is the reform of Companies House. The ECCTA empowers the Registrar of Companies with enhanced investigative and enforcement powers. This move is intended to bolster the reliability and accuracy of the company register, serving as a deterrent to illicit activities. However, the successful implementation of these reforms hinges on … Continue reading →

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Scott Bailey LLP’s climb for Scarf

Posted on 20/09/2023 by Ben Ironmonger

A team of 16, including partners, lawyers and admin staff from Scott Bailey LLP are climbing Pen y Fan – the highest peak in the beautiful Bannau Brycheiniog (Brecon Beacons) at 886m on Saturday 14th October – in order to raise money for SCARF, which is a charity close to our hearts. One or two of our team are experienced mountain leaders, but for most, a stroll up Lymington High Street is about as much as they normally do, so it will be a challenge to get the whole team to the top of a mountain for the very first time! We might even bring them all back down and hope that we finish with the same number we started with! Scarf (Supporting Children with Additional Needs, Relatives and Friends) is a charity based in the New Forest, Hampshire, that … Continue reading →

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🎉 Exciting news at Scott Bailey LLP! 🎉

Posted on 05/07/2023 by Ben Ironmonger

We are thrilled to announce two remarkable achievements that demonstrate the exceptional growth and potential of Scott Bailey LLP. We’d like to congratulate Azmi Quraishe on having been promoted to Partner, and Philip Salt on having being made a full Equity Partner on 1 April 2023. Since joining the firm as Nick Jutton’s successor as Head of Litigation, Azmi has consistently exhibited unwavering dedication, exceptional legal and management expertise, and an unyielding commitment to delivering outstanding results for our clients. Her promotion to Partner is a testament to her hard work, leadership, and the trust she has earned from both colleagues and clients alike. It’s fair to say that most people who know team Scott Bailey, know the legend who is Philip Salt. Philip’s outstanding contributions have had a significant impact on our firm, as well as both the residential … Continue reading →

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Ahoy SeaWork 2023! How Scott Bailey solicitors can help marine businesses chart a course for success

Posted on 08/06/2023 by Ben Ironmonger

We don’t sing about the work we do with local marine businesses and boat owners very often, but with SeaWork 2023 just around the corner, and the maritime industry being abuzz with anticipation, this seems like a good time. SeaWork is a renowned international exhibition, offering marine businesses an opportunity to showcase their products and services, make valuable connections and drive growth. However, amidst the excitement, as with any business, it’s crucial to recognize the legal challenges that can arise from doing business. Expert business solicitors like the team at Scott Bailey help steer marine businesses through the treacherous legal waters, ensuring their voyage to growth and success remains smooth and trouble-free. SeaWork is not just an event; it’s a platform for SME businesses to make a splash in the maritime industry. However, what do you do when you have … Continue reading →

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Bank holiday blues?

Posted on 02/06/2022 by freestyle

Everyone will be out celebrating the Queen’s Platinum Jubilee this weekend with street parties and family gatherings. For those though who are struggling in their marriage or relationship it can feel like a time of pressure and anxiety.  A sense that you are not living up to the “perfect relationship”.  Do speak to our family team if you are unsure as to how the future might look for you should you separate. Hampshire solicitors Sarah Unsworth, Ann Herd and Olivia Le Masurier are here to give clear family law advice during difficult times. Contact Sarah Unsworth, Ann Herd or Olivia Dyer on 01590 676933 to arrange a fixed fee initial consultation. 

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Cost of living crisis – family pressure!

Posted on 02/06/2022 by freestyle

The lasting effects of this cost-of-living crisis will not be clear for a couple of years.  Significant debt, incomes not keeping up with inflation and rising prices of fuel and household expenses are very bad news for relationships. People are feeling the real pressure of income tax increases and current energy prices. Even filling up the car at the petrol station is for many, prohibitively expensive. The latest Bank of England forecast predicts inflation peaking at the rate of 10.2% at the end of 2022. The war in Ukraine has put extra stress on global supply chains and all of this impacts at grass roots level. The cost of living going up affects people’s daily lives so much; love lives are damaged, social spending is reduced and people are scaling back what they are spending on their weddings just to … Continue reading →

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Dementia Action Week

Posted on 05/05/2022 by freestyle

Dementia Action Week is an awareness campaign to stop the dismissal of dementia symptoms, such as memory loss, as being ‘just part of the ageing process’.  This misconception results in fewer people taking these symptoms seriously and seeking timely help. Dementia is caused by a number of diseases that affect the brain, with the most common type being Alzheimer’s. The various types of dementia can affect the brain in different ways, making a diagnosis incredibly important as the progression of dementia can be unique to each individual.    There is an estimated 850,000 people in the UK living with a form of dementia, with symptoms including; memory loss, confusion and changes in mood and vision. There is a misconception that the condition is only prevalent in those of an older age, however it can affect people of any age, with at least … Continue reading →

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