Jump to content


style="text-align:center;"> Please note that this topic has not had any new posts for the last 388 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Does my Employer have to tell me and my colleagues if they are currently looking for a buyer as they wish to sell the Company. Or only once they have found a Buyer.

 

I have just found out that my company which is a Ltd Co and owned by 2 shareholders is having due diligence done with the intent to put it "out there" for sale.

Share this post


Link to post
Share on other sites

There is only a legal requirement for the shareholders to contact you if there is going to be any change in terms and conditions as a result of the sale.

 

The fact that the company is being sold does not itself affect your terms and conditions of employment. Sometimes a new owner may want to make changes. Though a good owner will try to reassure employees that everything is 'business is usual'.

 

If the shareholders are only investigating a possible sale, it may take months or years before a sale actually goes through. It can sometimes take a long time to find a buyer who is prepared to pay an acceptable price for the business.


PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

Share this post


Link to post
Share on other sites

Thank you for your answers.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...