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Mitch Hahn
CEO - Nordens
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At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.
Get in touch today to discover how Nordens can revolutionize your business.
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
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Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
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Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
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02085300720
enquiries@nordens.co.uk
The Retreat, 406 Roding Lane South, Woodford Green, IG8 8EY
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As a business owner or shareholder partner, planning for the worst possible scenario can never be underestimated or taken for granted. As in all businesses, changes will inevitably happen and with that comes the possibility of disagreement and sometimes even conflict between the owners, management, directors or partners of a company. It’s important to make sure that your shares and ownership of a company are consolidated and guarded, should an action arise that requires your power being exacted or enforced.
Having a shareholders’ agreement in place allows you to carefully plan against any circumstance that questions the shares, ownership or major decision-making in a business. What a shareholders’ agreement does is effectively and legally grant the protection to anyone who is a shareholder of a firm or business should a negative scenario happen that affects the ownership or profit shares of a company. If you’re already in business with others, or are looking to enter a business partnership, it’s highly recommended to put a shareholders’ agreement in place for the long-term stability and health of a business as well as your assets.
Nordens’ Client Co-ordinator Manager, Natalija Rynkevic, explains the dynamics and vital relevance in obtaining a shareholders’ agreement for control of your business. She also touches upon how Nordens’ bespoke and high calibre shareholders’ agreement service can build and execute a binding, legal agreement based on exactly what the client requires.
What is the main purpose of a shareholder agreement?
A shareholders’ agreement is a contract signed by all, or some, of the shareholders in the company which essentially sets out how the shareholders want the company to be run and governed. Shareholder agreements basically protect the shareholders of a company, no matter how much stake they have, granting what extent they are involved as well as determining how much power is given to the directors to run the company.
In many cases it is usual to combine the use of a shareholders’ agreement with a specifically drafted set of articles of association for your company which is normally in place before a shareholder agreement is drafted. Shareholders’ agreements are most commonly used as a safeguard tactic, giving protection to shareholders in the case for whatever reason things go wrong.
Are shareholder agreements specifically intended to protect just minority shareholders?
Not at all, shareholder agreements are designed for all parties no matter what stake they have in the particular company in question. Let’s say for example, a majority shareholder or founder of a business may discover that a minority shareholder no longer who is no longer working within the business, wants to sell their shares. There is no principle, or agreement in place, to say that those shares can’t be sold to an outsider or, even worse, a competitor. A shareholder agreement protects against this scenario happening and ensures your business is secured against any potential detrimental effects arising related to conflict between shareholders.
A shareholders’ agreement can be taken out by anyone involved in the share of a company, who wish to protect their assets as well as any further bespoke aspects of the agreement which are not covered in the articles. There have been countless times over the years where people have started a business with friends or personal relatives and haven’t considered protecting their interests in the company, believing that a strong bond of trust as well as the articles of association are the only foundation needed. The articles of association may not offer a shareholder full protection and in many cases you could be stung by a scenario, or a person that previously was never considered.
What does a shareholder agreement guarantee for the person or persons who enter it? What are the different types?
An agreement can provide clarity and insurance for many possible sequences of events including the financing of a company, the management of a company, the dividend policy, the procedure to be followed on a transfer of shares, deadlock situations and valuation of the shares.
The absence of a shareholders’ agreement opens up the prospect for disputes and disagreements between the shareholders. Shareholders’ agreements contain provisions that predict and cover disagreements, drawing up applicable and sensible ways for disputes to be addressed and rectified.
As no two companies can have identical relationships between their shareholders, there is no standard template or ‘one size fits all’ for a shareholders’ agreement. This means that should you wish to acquire a shareholders’ agreement; we will work closely with you to tailor the specific requirements to your ideal preference meaning you’re totally covered and comfortable with the arrangements in place.
Are shareholder agreements a lengthy and expensive process?
This is all dependent on the fine tuning of a particular shareholders’ agreement in terms of the particular options you wish to be covered on. One thing is for certain though, the price of a shareholder agreement is significantly cheaper than a court proceeding following a dispute regarding the governance of the company with the other shareholders. Having the shareholders’ agreement in place legally safeguards your assets and involvement in the company, should any lawful action be enacted by other parties of the business.
Most shareholders’ agreements are a very quick and simple process, with the person knowing exactly what they want, and the level of protection needed and when. With our team of highly qualified solicitors personally working with you every step of the way, you can be safe in the knowledge that your concerns will be attended to with care and assurance.
Are there any disadvantages to entering a shareholder agreement?
There are virtually no disadvantages to protecting yourself against any negative scenarios that may arise with other shareholders. In the same way an insurance policy is seen as a highly positive action taken to cover you, defending and preserving your share in a business gives you peace of mind if certain eventualities take place.
Our top-quality shareholders’ agreement service will guide you through every stage of the process with due care and attention, advising and consulting you where needed so that you’ll be highly satisfied with the agreement officially consolidated in place.
We’re now offering complimentary strategic consultation sessions up to 30th June 2021. Please contact Nordens’ Director of Strategic Consultancy Joe Sword at js@nordens-strategic.co.uk or 020 8530 0720.
If you’d like to know any further information on our shareholders’ agreement service, or anything accounting, strategic or corporate finance related for that matter, please do not hesitate to get in contact with us at Nordens, where one of our trusted advisors would be happy talking you through your query.
At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.
Our specialist strategic division at Nordens boasts some of the leading entrepreneurial business minds in the country. We cater towards delivering consistent success stories, whilst helping businesses achieve above and beyond their initial goals.
Through highly-tailored guidance, coaching and advice, Nordens Strategic are able to define exactly how your business can reach new levels of success.
Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we’ll steer you along the path to a greater future.
Every business, no matter how big or small, needs to make the right decisions, and how to best manage your accounts can put huge question marks over your business. Accounting2You is here to take that pressure off and provide you with all the answers you need.
Our bookkeeping branch offers a fully inclusive, comprehensive service that you can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of both individuals and small businesses.
With experts in payroll analysis, credit control and financial recording, Accounting2You will lead your business efficiently, and with real purpose, towards a prosperous future.
Voted as EXCELLENT - 9.9 out of 10 based on 167 reviews
Director - Metro Bank
Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.
Co-Founder - Chicmi Limited
Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.
Director - Rose Opticians
I have been using Nordens Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation
Founder & Director - Physio LDN
Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.
Principal - Pauline Quirke Academy
Great accountants, always available to offer advice. The team have transformed my business.
Founder - Dataphone
Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also been using Nordens strategic services for a couple of years, which has helped bring about significant improvements that exceeded my expectations. With experience of working with several local accountants over my 29 years in business, I’m very pleased with the service I have received from Nordens.
Director - Linekers
Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We have total confidence in all aspects of advice Nordens give. If you are looking for accountants, its a no brainer!
Founder - Foundation Sports Limited
A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.
Managing Director - Prime Time Boilers
I have been with Nordens for many years now and they are a great accountants.
Founder - Vivid Finishes
We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.
Managing Director - AMD Interior Architecture
Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.
Director - Forma London
Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!
We've always got our ears to the ground when it comes to interesting, useful and topical information relating to business and accountancy.
We love making videos that break down convoluted accountancy jargon into plain-talking, actionable and accessible facts.
In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier. The difficult part, for me, was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.
Mark Norden
Founder
Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). We worry about the bye-laws, regulations and ethical guidelines of the ACCA so you don’t have to! That makes us an ACCA-accredited employer as well as a Professional Passport-accredited one!
At Nordens, we're committed to keeping our clients updated on all things business strategy and news. Each week we update our newsletter subscribers on what really matters in the big bad world of business. That way, you can stay one step ahead!
Call: 0208 530 0720
Email: enquiries@nordens.co.uk
Interested In Nordens? Give us a call on 0208 530 0720 or or request a direct call back anytime between 8:00am to 6:00pm!
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Nordens is a trading name of Nordens Limited, a limited company registered in England under company number 04709951. Our registered office is: The Retreat, 406 Roding Lane South, Woodford Green, Essex, IG8 8EY.
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