Accountants' Working Capital Comfort Letter (AIM Listing)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🖍️ Working capital comfort letterBusiness activity
Report on working capitalA working capital comfort letter is a document that is typically provided by a company to its lenders in order to provide assurance that the company will have sufficient working capital to meet its obligations during the upcoming year. The letter typically contains financial projections and is signed by company management.
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
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
Book your personalised demo now
Similar legal templates
Section 9A(2) Standard Notice Of Withdrawal By Nominated Person
This template is designed to provide a standard notice format that can be utilized by the nominated person to communicate their decision to withdraw from the said matter. It includes all the necessary components required by Section 9A(2) of UK law, ensuring compliance with legal obligations.
The template may include details such as the names and contact information of all relevant parties involved, the specific agreement or arrangement from which withdrawal is sought, the effective date of the withdrawal, and any related terms and conditions as stipulated by the original agreement. It may also outline the process for transferring responsibilities or notifying other parties affected by the nominated person's withdrawal.
This legal template is aimed at providing a clear and standardized method for a nominated person in the UK to withdraw from an agreement while adhering to the legal requirements set forth by Section 9A(2). It serves to facilitate a smooth and transparent process, protecting the rights and interests of all parties involved.
Publisher
Genie AIJurisdiction
England and WalesService Award Framework Agreement (Following Public Sector Procurement Exercise)
The template is designed to be used following a public sector procurement exercise, ensuring that the selection of a supplier for service awards is conducted in a fair, transparent, and compliant manner. It establishes a framework agreement between the supplier and the public sector organization, setting out the rights, obligations, and responsibilities of both parties.
The purpose of this legal template is to establish a clear framework for the procurement, delivery, and management of service awards. It includes provisions related to the eligibility criteria for organizations to participate in the agreement, the specifications and standards that must be met by the service awards, the pricing structure and payment terms, and any applicable performance indicators or metrics.
The template also addresses key legal aspects associated with the agreement, such as intellectual property rights, confidentiality, data protection, liability, and dispute resolution mechanisms. It ensures compliance with UK laws and regulations, including those related to public sector procurement, employment, and contract law.
By utilizing this legal template, both the supplier and the public sector organization can have a solid foundation for their relationship in the provision of service awards. This agreement promotes transparency, fairness, and accountability in the procurement process while protecting the legal rights and interests of all parties involved.
Publisher
Genie AIJurisdiction
England and WalesSecurity Engineer Contract
This Security Engineer contract template is designed for a commercial security engineering organisation (or an individual security engineer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of security engineering and security-engineering-related services to be completed by the security engineer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the security engineering firm or individual security engineer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
