Simplifying the group structure by eliminating redundant and surplus entities.
Group structures, particularly those which have been subject to multiple acquisitions, are frequently unnecessarily complex, include a plethora of non-trading entities and have complicated and inefficient intercompany debt arrangements. In addition, in the context of the introduction of the Companies (Accounting) Act 2017, many traditional accounts non-disclosure structures have become redundant and a more streamlined group structure is more appropriate.
Large and complex group structures lead to group inefficiencies as superfluous subsidiaries put pressure on resources both financially and operationally. Simplifying the group structure by eliminating redundant and surplus entities can:
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