It is not uncommon that in a long relationship, family members will go into business together or even set up a series of businesses. Sometimes these businesses involve the adult children in the family and quite often they involve a complicated web of corporate vehicles.

Simple & complex business structures

Examples of family business structures we have dealt with often include monies invested by the in-laws and also monies invested by the children. At its simplest, this may be a partnership or limited company where different amounts of money have been invested over the years. At its most complicated, ten to forty separate companies in separate countries may have been set up and the various different members of the one family may hold numerous different directorships, interests or shares in the different companies. This makes it all the more important to establish the value and ownership percentages of different members of the family at an early stage.

How to agree a company valuation

Sometimes the correct approach is to use an independent expert to establish an agreed value of the company or corporate group. Coming to an appropriate settlement may involve having other family members “intervene” in proceedings to protect their interests in the family businesses. Similarly, in-laws or other interested parties may do the same. Discretion and confidentiality may also be important if, for example, one of the family businesses is publicly listed or has outside investors or stakeholders. It is possible to obtain orders or agreements on confidentiality if this is required. The Family Court can also make a wide range of orders which extend to and include companies as well. In some proceedings a separate company series of orders and agreements may also be reached in separate specialised courts if it becomes necessary. We recommend considering and weighing up all the options carefully before proceeding.

If you have some family business interests that you wish to protect we recommend you contact us. See also our problem scenario below.

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Family Business Scenario

The scenario below does not relate to any individual clients of ours but the facts and the outcomes relate to some similar experiences in our practice.

The Scenario

Mr B happens to be the brother-in-law of Mrs A who is involved in bitterly contested divorce and financial proceedings. Mr B is worried because he  invested in one of the properties that is part of Mr B’s property development business. He understands that Mr and Mrs A are negotiating to sell assets from the business to fund Mrs A’s settlement. He wants to know what we can do to protect his interest in the property.

Our Solution

We recommend to Mr B that he "intervenes" in proceedings. Mr B does so and this protects his investment. Mr B's intervention provides clarity and this narrows the issues in dispute.

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Myself and my mother had a free video consultation with Mr. Brookman regarding my mother's divorce and were both impressed with his knowledge on divorce matters, professionalism and understanding. Henry then followed up with us with a clear plan of what he suggests we do...

Mar 2021   Bruna Cordeiro Pezzano

I had a consultation with Mr. Brookman and was impressed with his honesty, knowledge and understanding of my situation. He seemed to take a genuine interest in my case, which immediately put me at ease.

Mar 2021   Chichi

Very swift response and concise information. I had a very engaging free consultation with Mr Brookman initially which was informative and professional.

Feb 2021   Garry Ralph

I would like to say my experience with Mr Brookman was an extremely positive experience. His knowledge, advice and compassion put me very much at ease and made a very difficult situation much more bearable.

Feb 2021   Jenny Brock

Very helpful, and honest about my situation even though it wasn’t business for them at this time. Would recommend.

Jan 2021   Natalie Roche

Knowledgable, friendly, considerate, and most importantly easy to contact. Brilliant service.

Dec 2020   John Du

I want to highly commend Brookman Solicitors firm. I had the privilege of getting very thorough and sensible advice from their solicitor Jennifer Douglas. I don't have enough praise for her.

Sep 2020   Yesima Hamid

I had an initial consultation and Henry was well prepared. He gave great advice and followed through quite quickly. He was very helpful.

Jul 2020   Jen Ade

I had a free consultation with Henry Brookman. He was incredibly knowledgeable about my complex situation, gave straightforward advice and empowered me to understand exactly how I need to proceed.

Jun 2020   Rebeca Brown

About The Team

We are a specialist divorce and international divorce family law firm, advising clients in the United Kingdom (specifically England and Wales) and throughout the world. We have a very people–orientated approach to working with clients. Our principal Henry Brookman has practised law for over 40 years, and our team has a wide range of skills and expertise. We are recommended by the Legal 500 and have been awarded the Law Society’s quality mark, Lexcel.

Senior Partner

Henry Brookman

Henry Brookman is the founding Partner of Brookman Solicitors, described by The Legal 500 as ‘shrewd, savvy, sagacious and highly experienced’.

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Partner

Talitha Brookman

Talitha is a Partner in the firm and a very experienced practitioner. She has been exclusively practising family law for over 15 years and is a recognised expert in her field.

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Associate Partner

Aziz Malik

Aziz is an Associate Partner at Brookman. He is highly regarded for his expertise on financial matters in divorce and has been recommended by the Legal 500.

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Associate Solicitor

Kevin Danagher

Kevin specialises exclusively in family law, advising on all aspects of relationship breakdown, divorce, same sex marriage, marital agreements, and international family cases.

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Solicitor

Jennifer Douglas

Jennifer is a talented solicitor, experienced in all elements of family law, including high net worth financial proceedings, Children Act proceedings and financial claims.

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Solicitor

Gavin Yeung

Gavin has excellent experience in family law including divorce and financial proceedings and international child abduction proceedings involving Hague Convention countries.

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Chartered Legal Executive

Lorraine Imms

With over 20 years' family law experience, Lorraine can advise on divorce, matrimonial finances, cohabitee disputes, nuptial agreements and private children matters.

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Office Manager

Lorna Martin

Lorna is our Office Manager who oversees the operations of the firm including providing accounts support as well as secretarial support to the team.

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Accounts Manager

Evdokia Dikova

Eva is an AAT qualified accounts manager and holds full AAT membership (MAAT). She gained her degree in financial accounting from the University of Economics in Bulgaria.

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Secretary

Victoria Delatouche

Victoria is a highly experienced Legal Secretary and a long-standing member of the team. She provides secretarial support for the office.

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Secretary

Michelle Louison

Michelle provides secretarial support to Henry Brookman. A very experienced family law secretary, Michelle has worked in law for over 12 years.

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Front of House Manager

Patricia Antonio

Patricia is an experienced secretary and office administrator, handling the calls that come into the office, greeting clients, and managing office presentation.

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