Archives: 2019

News Update

We continue to deal with a varied mix of work as Autumn approaches. We have received a mandate from a long standing client to sell his well established business and have advised on pricing and structure. Direct contact is now being made with interested parties. On the funding side we have worked on structuring a funding and security package for a cutting edge tech business. Work on defending personal guarantees continues to grow as more and more lenders make use of them. Time after time we find clients have signed documents which they believed involved them in no personal liability...

News Update

2019 has seen a varied start to the year. Clients with personal guarantee problems continue to seek advice and we have been able to successfully challenge a number of guarantee claims. Many lenders outside the high street banks are placing huge reliance on personal guarantees to support large loans. Very often the manner in which the documents are completed calls them into question. On the corporate front Tourmalet worked on the successful multi million pound re-finance of a newly completed hotel in Manchester and is currently advising on a substantial corporate finance transaction. We were delighted to be part of...

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