As 2015 dawns, if you are thinking of selling your business this
year, what are some of the things you need to know? What are the
issues that we are currently seeing affecting transactions and how
do you avoid those issues?
The following is a summary of real challenges that have arisen
in disposals which we have been involved in recently, and
that we believe will continue to affect deals this year. One common
thread running through each example is that by taking some steps
now, these issues can be avoided:
Holiday Pay
Deal-related issues associated with holiday pay have only arisen
since November 2014. A
court ruling said that when calculating holiday pay, an
employer needs to consider remuneration beyond salary, including
overtime payments. In some cases, the potential exposure to claims
by employees for underpayment can be very considerable. It can also
be quite difficult and time consuming to calculate the actual
exposure. For that reason, purchasers,
