RSS icon Subscribe to this RSS feed

Ellisons Solicitors helps Clacton Pier fulfil its ambitions for major redevelopment

19 April 2018

Ellisons Solicitors has been successful in helping to secure the funding for Clacton Pier’s £4million redevelopment project.

The Pier refinanced in the multi-million pound arrangement with NatWest bank and the money has enabled the company to go ahead with the major scheme which will make it one of the premier attractions in East Anglia.

The significant investment includes the £500,000 Skull Point Adventure Golf Course over two floors, both indoor and outdoor; the £500,000 Discovery Bay Adventure Play and Family Restaurant; Dockside Dodgems on the first floor; the Captain’s Table Coffee Shop; extensions to the Seaquarium and amusement arcade and other improvements at the landmark.

Ross Wiltshire, Partner at Ellisons’ newly-opened Chelmsford branch, said: “We are immensely proud to have been involved in a local project of such huge significance for the Clacton residents and those further afield.  We’ll watch with interest as the refurbishment continues.”

Pier Director Billy Ball, said: “We have been working up this major project for some time and what we could achieve depended totally on the finances available. Thanks to Ellisons due diligence activity on our behalf we were able to secure the investment required to realise our ambitions. Ellisons was a great support to us as we went through this process and we could not have got to this point without their expert advice and guidance.”

The main part of the work – including the adventure golf course, children’s play area, dodgems and coffee shop - will be completed by July this year. The remainder will be finished early in 2019.

Clacton Pier remains open throughout the construction which is being carried out by its own in-house team as well as local outside contractors.

Construction specialist Ian Seeley joins Ellisons

12 April 2018

Ellisons Solicitors is pleased to announce the appointment of Ian Seeley to its expanding and highly-regarded Dispute Resolution team.

Ian has over 10 years experience of representing developers, main contractors, sub-contractors, consultants and home owners across all types of construction-related disputes, and advising upon dispute avoidance tactics, with dispute values ranging from £10,000 to over £2 million.  He is familiar with all major standard-form construction contracts, including JCT and NEC, and draws upon his extensive experience of resolving disputes through negotiation, expert determination, mediation, adjudication, arbitration and court litigation.

Additionally Ian has over 20 years’ experience in regulatory law, advising and representing corporate and individual clients in all manner of regulatory investigations and prosecutions by the police, HSE, Environment Agency, Natural England, local authorities, the Gangmaster Licensing Authority and others.

Lee Pearce, Partner at Ellisons and Head of the firms Dispute Resolution team said: “We are delighted to welcome Ian to Ellisons, further strengthening and expanding our recognised and excellent Dispute Resolution team, bringing extensive experience and expertise in the niche areas of construction and associated regulatory compliance.”

Commenting on his appointment, Ian Seeley said: “Ellisons is a thriving firm which has an excellent reputation in dispute resolution.  I am delighted to be joining the team at such an exciting time of growth.”

Ian is a member of the Forum for the Built Environment (FBE), the leading independent built environment professional organisation with over 1,000 members nationwide; and a member of the Society of Construction Law.

Update in relation to EMI Share Options granted after 6th April 2018

11 April 2018

Following a recent bulletin issued by HMRC on 4th April 2018 it appears that the EU State Aid scheme which sits behind the Enterprise Management Incentive (EMI) Share Option scheme has expired with effect from 6th April 2018 and has not currently been renewed.

The official guidance from HMRC is that any EMI share options granted in the period from 7 April 2018 until EU State Aid approval is received may not be eligible for the usual EMI tax treatment and may fall to be treated as non-tax advantaged options. This will clearly have serious consequences for option holders and companies.

The full text of the HMRC bulletin can be found here.

HMRC are advising that as a result of this no new EMI share options should be granted after 6th April 2018 until such time as the fresh EU approval has been given.

If you require more detailed advice in relation to the issues raised in this update please contact Jon Bloor or Seamus Clifford in the Corporate and Commercial team or your usual Ellisons.