Group Structure Simplification
In August 2012 we were asked to advise the directors of a group consisting of no less than 17 companies, 2 of which were registered in Hong Kong. Following the close down of the Hong Kong companies we undertook the solvent winding up (MVL) of 8 of the UK based companies and as a result streamlined the group down to 7 companies.
The 7 liquidations resulted in a significant return of capital to the remaining companies with the further benefit of the restructure being a drastic reduction in future compliance costs.
"having gone through this process, I wish I had known earlier how important it is to make sure you speak to the right people with insolvency qualifications. Thank you for your help"Director (Joinery Firm )
25 April 2016
22 March 2016
20 January 2016
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