How we safeguarded a well established printing business

Regan Peggs worked with Artichoke Design to provide specialist legal support and ultimately secure a successful sale of the business.

About Artichoke Design

Launched in 2001, Artichoke Design was a graphic design and print agency based in Birmingham’s Jewellery Quarter. The company worked with local SMEs to provide services from printing and signage to graphic design, SEO and website design. Set up by two brothers, Rich and David Morris, the company garnered a loyal customer base, with clients returning time and time again for the personal and expert service offered. After 19 successful years, Rich and David decided it was time to sell Artichoke Design.

What Regan Peggs did for Artichoke Design

Debt Collection

Regan Peggs supported Artichoke Design with debt recovery which involved:

Letters before claim
Obtaining court judgement
Enforcing judgement

The successful collection of debt ensured the smooth running of the business.

Sale of business

Having set up the business when they were more or less fresh out of university, the founders of Artichoke Design decided it was time for them to sell. Regan Peggs handled the sale of the business to Nettl which involved:

Share Purchase Agreement

Agreement to sell the business.

Which shares were sold
Negotiating the price of the shares
Agreeing the stages of payment
Ensuring warranties were not given inappropriately
Making sure to plan for tax implications
Agreeing restrictive covenants on the founders’ future activities to ensure there would be no interference with their future plans
Confidentiality

Employment Contract for company founder Rich

Part of the deal was that Rich would go to work for Nettl. Regan Peggs negotiated the terms of this employment with him:

Job title
Salary
Terms
Restrictive covenants

Regan Peggs is very pleased to report that Artichoke Design successfully sold in 2019 to Nettl.

Who is Nettl?

Based in Birmingham’s city centre, Nettl is a local design and marketing team that knows how to make a real noise about any business, event or promotion.

Nettl specialises in:

Design
Print
Website
SEO
Signs
Exhibitions

Nettl is more than just web design, it’s a designer, printer and website creator all under one roof, working in partnership with businesses to deliver on-brand results that convert browsers into buyers.

Legal services for SMEs

We ditch the jargon and corporate buzzwords to advise your business on a range of legal matters simply and effectively.

We provide SMEs from across the country with specialist advice, supporting clients to operate within the legal framework and improve on their service delivery.

If you’re an SME in search of specialist legal advice, get in touch today or call us directly on 0121 201 3765.

About
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Regan Peggs

Director at Regan Peggs Solicitors

Regan is an experienced solicitor and advocate, qualified to represent clients in magistrates’ courts, Crown Courts, tribunals and senior courts. He founded Regan Peggs Solicitors in 2015, after a decade spent at two of the most respected law firms in the Midlands and as a senior legal advisor at Birmingham Magistrates’ Court.

Regan is an accredited mediator and arbitrator. He is a member of the Chartered Institute of Arbitrators and a panel mediator for ADR ODR International. Regan has experience in mediating commercial, family and local political disputes, and representing his clients in those sessions.

Regan is a former Chair of the Board of Directors at the Birmingham Law Society and a former chair of its Criminal Law Committee. He has been a lecturer for law students at the Open University. He is the only defence solicitor in the UK to be regularly invited to address international military students at the Royal College of Defence Studies.