Hitendra Patel

Director

  • Office: Banbury
  • Phone: 01295 204108
  • Specialisms: Business Recovery & Insolvency, Commercial, Company Commercial, Company Secretarial Services, Corporate & Finance, Intellectual Property

Hitendra studied at The University of Lancaster and the College of Law in Chester. He completed his training with a leading West Sussex practice and went on to work at Mishcon De Reya and Brabner Holden (now Brabners) before joining Shoosmiths in 1996. He was promoted to partner in 1998.

Hitendra is one of the founding Partners of Spratt Endicott, when the firm demerged from Shoosmiths in 2002. His experience includes a broad range of corporate transactions such as insolvency and corporate restructures, venture capital investments, limited liability partnership,

He is a former director of the Banbury Chamber of Commerce.

Hitendra has over twenty years’ experience in corporate and commercial law, including:

Transactional Experience :

Interests outside work gravitate around (in order of priority) his children, wife, the garden and himself!  Hitendra admits with pride that he does not play golf, tennis, cricket, football or other sport.

What clients have said...

  • Hitendra Patel helped us form our company structure and our Shareholders agreement. He worked closely with our accountants to achieve the best possible outcome and I would highly recommend him.

    Lana Kopanja London Claremont Clinic

Case Studies

Setting up a Formula 1 team

We were engaged at very short notice to assist a leading sports racing car engineer in relation to his involvement in a new racing team set up to participate in a Formula 1 Grand Prix season.

The transaction was dealt with by our corporate team.  Instructions were received on a Friday with all major documentation being finalised by the following Tuesday evening following an all party meeting that day.

Sale of care Home

We were engaged on the sale of a successful care home. 

Our clients were confident that there would be a number of parties interested in purchasing the home but did not want to commence negotiating with all of them before deciding which one to proceed with.  The Selling Agents were instructed to prepare and circulate a sales memorandum and a share sale contract to selected interested parties, who were invited to make an offer on the basis of those documents. 

The share sale contract was drafted by us in advance in an even handed manner but on the commercial terms on which the client was going to sell.  This saved the clients a considerable amount of time and money as it avoided unnecessary professional time in negotiating the terms of the transaction. 

Parties interested in purchasing the home were invited to submit a price and payment terms they were prepared to offer, and a return copy of the draft share sale contract with their proposed changes.  

The successful bidder had made very few changes to the final share sale contract and only a single all party meeting was required, which was the final completion meeting.  Usually transactions of this nature would involve numerous meetings prior to the final completion meeting. 

The transaction was headed by Hitendra Patel (Corporate Partner) who was assisted by John Spratt (Commercial Partner), Carol Shaw (Employment Partner), Andrew Woods (Commercial Property Partner), Catherine O’Riordan (Commercial Assistant) and a Trainee Solicitor.

Complex sale of Marcon RMC Limited

We acted for the seller of a building materials company into the public sector.  Our client’s corporate finance advisers, Bristol York Limited, had negotiated favourable terms for the sale of the client’s company, and the only problem which appeared to exist was that for tax reasons the transaction had to be completed within quite a short timescale.  The transaction proceeded comfortably, with our team taking responsibility for dealing with the due diligence enquiries of the purchaser, and also assisting in the production of the deal documents.

A few days before we were scheduled to complete the transaction, our team learned that there was a problem with a contract which was key to the business of the company being sold.  This necessitated our commercial property team analysing the company’s position regarding this contract, meeting the clients and finally successfully satisfying the purchaser so that the client was fully protected from any claim arising in respect of this contract after completion, and satisfying the purchaser sufficiently to enable the transaction to complete.  

The whole team, comprising the Spratt Endicott team, the Bristol York team and the client team were all delighted to conclude the transaction on time and on satisfactory and safe terms.

Recovery of bad debt from Administrator

Acting for a globally known and respected company, we received urgent instructions to advise on the possibility of their being able to recover a bad debt from a well-known retailer in administration.  The problem was that our advice to the client had to be that the Administrator was not in a position to pay the debt of any creditor from the company’s assets except (a) pro-rata with all other unsecured creditors at the end of the debtor company’s insolvency process or (b) if the payment was necessary in all the circumstances in order to maintain the business of the company in administration under his management pending a possible sale.

Working closely with his client’s management team, and having enlisted the help of a colleague in the insolvency profession, and also with the help of our corporate team, we were able to negotiate and draft an agreement with the Administrator that he would pay the whole of his client’s substantial debt rather than face the consequence of their withdrawing their services from the company in administration. This work was done largely over one weekend, with frequent written communications and many telephone calls.

Our clients were delighted with a wholly successful outcome, which seemed at the beginning to have been against the odds.

Multi-Jurisdictional Transaction

The firm was engaged by an English subsidiary of a large listed American company to acquire a Welsh company.  The transaction was challenging in that the target company had subsidiaries in America and Australia and a branch office in Dubai. 

We headed the transaction and co-ordinated with the client’s overseas lawyers to ensure that the transaction was completed on time and in a cost effective manner.  Apart from dealing with the different laws and customs involved, we had to work in three different time zones.  

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