F v K – Comprehensive protection of a clients interests | Bluestone ARM

F v K – Comprehensive protection of a clients interests

Ms F sold a successful nursing home business for £3m. On the day of completion the purchaser was £600,000 short! He gave loan notes and personal guarantees for the shortfall and Bluestone was retained to assess the claim and pursue it for the creditor. Our legal team reviewed the extensive company sale documentation, prepared and served statutory demands on the purchasers with a view to recovery of the debt. At the same time Bluestone entered negotiations with HMRC to delay their claim for unpaid Capital Gains Tax due on the sale of the company pending the resolution of the claim and also secured short term bridging finance for the client to cover the Revenue assessment if required.


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