Related-party transaction
s.177 disclosure and board authorisation done properly, not retrofitted.
Oxford directors of growing companies increasingly find themselves navigating conflicts, related-party transactions and near-insolvency decisions without a clear map of their statutory duties. The exposure is personal, and it hardens fast when a company hits trouble.
Executive and non-executive directors of Oxford companies, particularly at inflection points — funding, restructuring, disputes.
Director duties are set out in Companies Act 2006 s.171–177 and, when trading conditions worsen, morph into wrongful and fraudulent trading exposure under the Insolvency Act 1986.
Commercial matters involving Oxford businesses are typically dealt with at the Oxford Combined Court for County Court proceedings and Reading Employment Tribunal for employment claims. The commercial counterparty mix is shaped by the University, the NHS trusts around the John Radcliffe and the deep concentration of research-led occupiers at Begbroke, Harwell and the Oxford Science Park.
s.177 disclosure and board authorisation done properly, not retrofitted.
Duties shifting to creditors under BTI v Sequana — documented decision-making that stands up.
Independent review of alleged director breach with defensible recommendations.
Wrongful trading exposure for continued trading past the point of no reasonable prospect of avoiding insolvency.
Weekly board pack with cash and creditor position, minuted decisions.
Personal liability under s.994 unfair prejudice petitions.
Director-duty compliance evidenced in board papers.
Speak to Radcliffe Enterprise Law for clear, commercial legal advice — by phone, video or in person.
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