Do you need to work with other GP practices to maintain earnings and win new contracts? Can you reach agreement with your neighbours to form a federation?
Having taken GPs through the ‘forming, storming and norming’ to create federations, we are pleased to see the structures facilitate the performing of the organisations.
Questions we assist with answering include:
- Who will own the company?
- Should it be a social enterprise or not for profit company?
- Who will have voting rights?
- Who will receive dividends and how are they allocated?
- Who will run the company day to day?
One size does not fit all. Andrew Firman, who heads our healthcare team and advises on new models of healthcare, knows the Government is seeking local solutions to meet the needs of the local area. Likewise with federations, each one has its own vision as to what it wants to achieve, and its own culture, which we will work with to find your ideal solution.
Talk to us to form your company and write your Articles of Association, Shareholders’ Agreement, Corporate Governance handbook to meet your objectives and address your fears.
Advising on the incorporation of a company limited by shares for a federation of 44 practices including drafting the articles of association and an ownership structure based on the number of patients of each practice
Advising a group of eight practices on changing the constitution of their social enterprise company so that it is owned by the partners of the practices and has a robust methodology of appointing directors
Drafting a corporate governance and code of conduct document for the Board of a federation to follow in the conduct of the Board and committees
Restructuring a group of companies owned by GP practices so that they work coherently together and provide rewards for the owning practices derived from the success of the organisations
Meet the team
Andrew Firman is a partner in our corporate & commercial team. His corporate practice concentrates on buying and selling mainly owner-managed SMEs and associated advice on contractual and banking documentation work. His employment practice covers all aspects of contentious and non-contentious work for both employers and employees. His charity practice majors on compliance and amalgamation matters.
In his work, Andrew looks for proactive and pragmatic solutions derived from a proper understanding of the client’s perspective and against the background of the commercial constraints.
Career highlights include
- running a David v Goliath style battle for a former employee of a US based bank related to the late vesting of share options following that employee’s termination at a time when the US markets were in freefall
- negotiating, finalising and drawing down for an off-shore SPV borrower at £310M facility to buy a group of companies which owned, as an investment, the London HQ of a multinational corporation
- reaching settlement terms on a long running shareholders’ dispute concerning a company running a niche members’ gym in a close knit area of London
More recently, Andrew has advised upon
- the purchase of owner-managed companies across a number of different sectors by a leading SME investor, incentivising existing management via equity and loan note positions in the purchasing entity
- sale by owner managers of a London based estate agency business with multiple sites, whilst preserving the sellers’ ability to continue business activity in the sector
- sale of SPV off shore companies holding UK property assets
- multi facility refinancing of a major UK specialist facilities maintenance company with asset based receivables, property, cashflow and recovery loan scheme elements
- the negotiation and documentation of departure terms for the CEO pioneer of a cutting edge national charity
- the position of a charity trustee in connection with disqualification proceedings and interim manager appointment by the Charity Commission in respect of two charitable trusts
Andrew has over the years enjoyed advising many owner-managed SMEs on the range of their needs for commercial, employment and dispute related legal advice, something for which the firm has received increasing recognition through awards, repeat and new business which in turn goes to the depth of the relationships the firm has with its clients and its target market in terms of size of business clients.
Andrew was educated at Nailsea School and holds degrees in law from Manchester and Leicester Universities. He qualified as a solicitor in 1995. He is a co-author of a Practical Guide to Drone Law.
Away from the office Andrew, married to a local GP and of occasional use to his three children, enjoys running and cycling and being involved in various ways in his local church and the fantastic community that is SE24.