
Corporate simplification project – case study
A corporate simplification project involving the removal of 170 dormant entities from a well-known blue-chip Plc.
Corporate Simplification
Acquisitive companies often find that over time their structures become unduly complicated and inefficient, with numerous legacy dormant subsidiaries within a group. This results in increasing compliance and administrative costs, can waste management time and increase risk.
We can help in the formal closure of solvent companies, through managed wind-downs, solvent liquidations and strike-offs. We work with you to identify target companies within the group that are considered surplus to requirements, checking that they are suitable for removal, identifying any barriers to removal and providing recommendations on next steps. We can strike-off (dissolve) or place into solvent liquidation these surplus companies, leaving a leaner, more efficient corporate structure.
Members’ Voluntary Liquidation (MVL)
Shareholders can extract their wealth from a solvent company, often in a tax-efficient way, using a solvent liquidation process.
We work with directors and shareholders of a company to place it into solvent liquidation and liaise closely with the company’s accountants and tax advisers to ensure any available tax reliefs are claimed. As liquidators, we realise the assets of the company and distribute these to shareholders, after settling any outstanding debts owed by the company.
If you would like to speak with a member of our Restructuring team about a solvent solution for your business, please submit the contact request below.
This website uses cookies.
Some of these cookies are necessary, while others help us analyse our traffic, serve advertising and deliver customised experiences for you.
For more information on the cookies we use, please refer to our Privacy Policy.
This website cannot function properly without these cookies.
Analytical cookies help us enhance our website by collecting information on its usage.
We use marketing cookies to increase the relevancy of our advertising campaigns.