The Accountants' Working Capital Comfort Letter (AIM Listing) under UK law is a legal template designed for use by accountants and financial professionals in the context of preparing companies for an Admission to the AIM market of the London Stock Exchange. This template provides a standardized format and guidelines for accountants to issue a comfort letter regarding the working capital position of the company seeking a listing on AIM.

The letter is typically issued by an independent accounting firm engaged by the company and addresses the financial condition, cash flow, and working capital requirements of the company. It aims to provide assurance to potential investors and regulatory authorities that the company has sufficient working capital to operate its business effectively and meet its financial obligations.

The template covers essential aspects of the working capital analysis, including the assessment of current assets, current liabilities, cash management policies, and financial projections. It may include detailed analysis of the company's historical financial statements, a review of its working capital management strategies, and an evaluation of its liquidity and cash flow forecast.

This legal template allows accountants to include explanations, qualifications, and limitations to their opinions. It might also include a statement of reliance on information provided by the company's management and the methodology adopted for the assessment of working capital. Additionally, the template may outline the responsibilities of accountants, the legal limitations of their opinions, and the rights of third-party beneficiaries who might rely on the comfort letter.

It is important to note that this description provides a broad overview of the legal template's purpose and content. The specific template may vary in detail and language based on the unique requirements and provisions of UK law, regulations, and market practices regarding AIM listings.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.

Similar legal templates

Standard License For Alterations

The "Standard License For Alterations under UK Law" legal template is a document that outlines the terms and conditions for obtaining a license to make alterations or modifications to certain types of properties in the United Kingdom. This template is specifically tailored to comply with the legal requirements and regulations governing property alterations in the UK.

The template serves as a contractual framework between the property owner, referred to as the licensor, and the individual or entity seeking permission to carry out alterations, referred to as the licensee. It sets out the general terms under which the licensee can proceed with the proposed alterations, ensuring the licensor's interests are protected and the alterations comply with relevant legal and regulatory standards.

The document typically covers a range of important aspects, such as:

1. Scope of alterations: It specifies the nature and extent of alterations that the licensee is authorized to undertake, including any limitations or restrictions imposed by the licensor.

2. Compliance with laws and regulations: The template emphasizes the licensee's responsibility to comply with all applicable UK laws, regulations, and building codes throughout the alteration process.

3. Permissions and permits: It may detail any necessary permits or permissions that the licensee must obtain from local authorities or other relevant bodies prior to commencing the alterations.

4. Timeframe and completion: The template may include provisions regarding the anticipated timeframe for completing the alterations and any penalties or repercussions for delays or failure to complete within the agreed-upon timeframe.

5. Costs and financial obligations: This section outlines the financial aspects of the license agreement, including any associated costs, fees, or charges to be borne by the licensee, as well as any indemnification clauses to protect the licensor against potential costs or damages.

6. Insurance and liability: The template may specify the insurance requirements the licensee must meet to protect against potential damages or accidents during the alteration process. It may also address liability for any damages caused by the licensee or their contractors.

7. Termination and dispute resolution: The document may outline the circumstances under which either party can terminate the license agreement, as well as the methods by which disputes will be resolved, such as through negotiation, mediation, or legal action.

It's important to note that this is a general description, and the specific content and provisions within the template can vary depending on the purpose, nature of alterations, and individual preferences of the parties involved.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
1
RATINGS
0
DISCUSSIONS
0

Standard Legal Charge Over Property (Single Lender)

This legal template, titled "Standard Legal Charge Over Property (Single Lender) under UK Law," pertains to a legally binding agreement between a borrower and a lender in the United Kingdom. The document outlines the terms and conditions surrounding the granting of a charge or security interest over a specific property owned by the borrower.

The purpose of this legal template is to establish a formal arrangement where the borrower agrees to pledge the property as collateral to secure a loan or credit facility provided by a single lender. The template ensures that the lender, who is usually a financial institution or an individual, has a legally enforceable claim over the property in case the borrower defaults on their loan obligations.

The document covers various aspects related to the charge over the property, including details about the property being charged, the terms of the loan, and the legal rights and responsibilities of both parties involved. It outlines the conditions under which the charge becomes effective, specifies the obligations of the borrower, and provides clarity on the lender's rights in case of default or breach of terms.

Moreover, this legal template is designed to comply with UK law, taking into account relevant statutes, regulations, and legal requirements that govern property charges and lending agreements in the country. Its purpose is to establish a fair and balanced contractual relationship between the borrower and lender, ensuring proper protection of the interests of both parties within the framework of applicable laws.

Ultimately, this template serves as a comprehensive and standardized document that can be used by lenders and borrowers in the United Kingdom as a starting point to draft a legal charge agreement over a property, incorporating specific terms and conditions as required by the unique circumstances of each transaction.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
3
RATINGS
2
DISCUSSIONS
1

Standard Nomination Submission Form For Election Of Employee Representatives (TUPE or Collective Redundancy)

This legal template pertains to the nomination submission process for the election of employee representatives in situations involving TUPE (Transfer of Undertakings Protection of Employment) or collective redundancy under UK law.

Under TUPE, when a business or undertaking is transferred from one employer to another, the employees have the right to be represented during the transfer process. Similarly, during collective redundancy situations, where a company intends to make a large number of employees redundant, employee representatives play a crucial role in negotiating and safeguarding employee rights.

This Standard Nomination Submission Form serves as a structured document that outlines the required information and process for nominating employee representatives in such cases. It ensures compliance with UK legal requirements and helps employers and employees navigate the nomination process smoothly.

The template might include sections requesting details such as the organization's name, the affected employees' names, job titles, and contact information. It may also include specific instructions for employees to provide their consent to stand as a candidate, any relevant dates and deadlines for nominations, and additional requirements for eligibility.

By utilizing this document, employers can gather necessary information from interested employees who aspire to represent their colleagues. This form helps ensure transparency, fairness, and compliance with legal provisions during the nomination procedure.

It is important to mention that the specific content and layout of this legal template may vary depending on the circumstances, applicable UK laws, and any specific requirements in place during the collective redundancy or TUPE process. Thus, employers and legal professionals should review and adapt the template according to their particular circumstances to ensure it meets the necessary legal standards and requirements.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
5
RATINGS
0
DISCUSSIONS
0