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JGM
JGM, Solicitor
Category: Scots Law
Satisfied Customers: 11154
Experience:  30 years as a practising solicitor.
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I am considering buying a small existing company in Scotland,

Resolved Question:

I am considering buying a small existing company in Scotland, which is currently trading at a loss. I will need to make some redundancies. Some of the individuals concerned have significant service. Does their length of service continue through a change of ownership?
Submitted: 1 year ago.
Category: Scots Law
Expert:  JGM replied 1 year ago.
Yes it does. The TUPE regulations apply and any redundancy will take into account their full service through the new ownership. You may want to take this into account when setting the purchase price or provide that the vendor has to deal with the redundancies before the sale goes through.I hope that helps. Please leave a positive rating so that I am credited for my time.
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