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14 August 2012
Issue: 4366 / Categories: Forum & Feedback
A new client and his fellow employees were made redundant when their employer ceased business due to a lack of orders. The ex-employees believe they may be able to resurrect the business, but they require advice as to the best means to this end

My new client is an acquaintance who was employed by a small manufacturing firm that has recently ceased business due to a lack of orders leaving my client and about a dozen co-workers unemployed.

As I understand it the company premises and machinery etc. are owned outright by the shareholder/director.

My client and his colleagues are mainly in their fifties and seem unlikely to easily find other employment.

It also seems unlikely that the business owner will easily find a tenant or purchaser for the industrial unit and equipment. I suggested that they get together and ask the owner if they could have say six months to see if they can make a go of the business.

During that period they would ask for the premises etc. to be rent-free and at the end of six months they would either give up or pay...

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