Department
Property Checklist
Questions for reviewing a property client's accounts — tenure, solvency, director transactions and TUPE considerations.
1
Solvency
Is the company solvent?
2
How is the property held?
Is the property owned, leased, licensed, or otherwise held?
3
Director transactions — s.238/239
Are there director transactions triggering section 239/238 considerations?
4
TUPE-relevant employees
Are employees relevant to TUPE transfers in property transactions?
5
What should I expect to find?
Think about what you expect to find in a business. Buildings? Employees? Sales? Goodwill? Debts? Profits?
6
Solvency
Is the company solvent? Are assets greater than liabilities?