Jurisdiction(s):
United Kingdom

Key definition

Trading company definition

What does Trading company mean? In local government practice, a trading company is an arm’s‑length corporate vehicle used by a local authority to carry on commercial, function‑related activities to generate income and manage risk. It is usually a company limited by shares or guarantee under the Companies Act 2006, owned or controlled by the authority (often called a local authority trading company or LATCo, and sometimes structured to meet the Teckal in‑house exemption). The concept is descriptive rather than a term of art. In England, such trading stems from section 95 of the Local Government Act 2003 and, more commonly now, the Localism...

Interim applications in England and Wales: using witness statements and affidavits—requirements, swearing, exhibits, resolving conflicts, errors and collateral use

Published by a LexisNexis Dispute Resolution expert

Practice notes

This Practice Note sets out guidance on evidence used for interim applications, whether by affidavit or, more commonly, by witness statement. It clarifies when an affidavit should be used rather than a witness statement, for instance where sworn evidence is required by the court owing to the nature of the application. It also addresses the technical requirements and how courts will deal with conflicts between affidavit and witness statement evidence...

The contents of evidence supporting applications

Reports and other documents to be relied on in support of, or in resistance to, an application must be put in evidence within a witness statement or affidavit, usually by exhibiting them. In Brake v Guy, the judge criticised the practice of attaching a report to a skeleton argument or other written submission, and rejected the suggestion that the party should then be given a further opportunity to produce a witness statement if the court did not accept the report via the skeleton argument. Where a witness statement is filed in support of an application without notice, the applicant owes the court a duty of full and frank disclosure...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...