Martin Kay

Contact details

020 7405 2000

Martin heads the Corporate team in London and advises corporate clients and not-for-profit and public bodies, including universities, on a range of corporate and commercial issues.

Main areas of practice

With extensive experience in private and public companies, Martin advises on capital re-structuring, equity fund raises, mergers and acquisitions including by general offer, MBOs, MBIs, IPOs including by reverse takeover, on AIM and delisting.


His clients include Blackbird plc, International Greetings plc, Quindell Portfolio Plc, Tantalus Rare Earths AG, Telecom Italia SpA, The Royal British Legion and the University of Reading.



Martin qualified as a barrister in 1981 working at a leading company law chambers and then re-qualified as a solicitor in 1983 working at Norton Rose, Vizards and then Tarlo Lyons prior to its merger with Blake Morgan in 2006. Martin is also Company Secretary of Blackbird plc and Osirium Technologies plc.

Contact details

020 7405 2000

Top Tier Firms
  • QCA (Quoted Companies Alliance) Legal Committee

Significant Experience

  • Blackbird plc (formerly Forbidden Technologies plc) on its IPO on AIM and subsequent equity fund raises, including 2013 placing and open offer and corporate affairs
  • Avid Holdings plc and Business Control Solutions plc on their reverse takeovers on AIM, acquisition portfolio and subsequent de-listing from AIM
  • Quindell Portfolio Plc following its AIM IPO (by reverse takeover) in March 2011 and subsequent investments, acquisitions, including acquisition of Mobile Doctors Group plc and Ai Claims Solutions Plc by general offer under the Takeover Code, and equity fund raising
  • Tantalus Rare Earths AG, a company quoted on the OTC Market (Primärmarkt) of the Düsseldorf Stock Exchange, as English law advisers on post IPO re-structuring and equity fund raises
  • Numerous private equity transactions, acting for (variously) investors, target companies, management and debt providers
  • In relation to a range of spin-out companies of the Universities of Oxford (Isis Innovation), Reading, Surrey and Imperial College, London, acting variously for the university, the spin-out company and/or its investors

Additional Expertise

Education: Martin is a member of the Education group. He advises universities and other higher education institutions on a range of corporate and commercial issues with a particular emphasis on:

  • IP commercialisation and commercial contracts generally
  • University spin-outs: formation; first and subsequent funding rounds; exit (trade sale and flotation)
  • Long-term commercial strategic partnerships: establishment and termination
  • Corporate and HEI collaborations and formation of collaborative vehicles

Martin also is co-editor of Tolley’s Company Law, a leading practitioner’s reference book.


“A very capable lawyer with an engaging personality.”

Chambers UK - A Client's Guide to the Legal Profession 2013

Insights by Martin


12 November - Martin Kay

EMI (Enterprise Management Incentive) share options are a type of employee share incentive scheme that have advantageous tax implications for both the company granting the options and the employees receiving...

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15 July - Martin Kay

Many companies have been grappling with how best to conduct general meetings during the current COVID-19 pandemic in the light of emergency measures to slow down its spread. This article...

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25 February - Martin Kay

Where a UK company is funded by off-shore loans, payments of interest – even to an intra-group lender – will be subject to UK withholding tax. However, the tax withholding...

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