Advisory / Group reorganisations
Protect your business and plan for long-term success
There are a number of compelling reasons to consider restructuring your assets, from protecting against trading risks to accessing tax reliefs and preparing for sales or acquisitions. Reduce your risk, business disruption and ensure a smooth transition.
Group reorganisations
Many businesses operate though group structures. This may be the result of carefully thought through strategies or it may arise from legacy acquisitions.
There are many reasons why a company, or a group of companies, might wish to reorganise their group and restructure their assets. For example:
- To protect assets from the trading risk of the businesses
- Access tax reliefs available to groups
- In preparation for a sale of all, or part, of the group
- In preparation for a new acquisition
- Simplify the corporate structure for reporting and administrative purposes
- Reduce the complexity of reporting with HMRC
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The first step to any group reorganisation is to provide clear tax advice (and legal advice if required), which clearly sets out the benefits and risks of restructuring. An element of due diligence is also required to establish the availability of reserves, third-party consent requirements and any other potential pitfalls.
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Next, we typically write to HMRC for clearance. This results in written confirmation from HMRC that they agree with our tax advice and that they are happy for the restructure to proceed on the terms laid out. This is a vital step to ensure you have the peace of mind that the reorganisation sits on the right side of tax law. Once clearance has been received, we then look to obtain approvals from all necessary third parties.
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The final stage then includes drawing up all necessary legal paperwork, including board minutes and resolutions, as well as filing the necessary information with HMRC and Companies House.
We have significant experience in executing group reorganisations and can help to plan and execute the process with minimal disruption to your business. Talk to us today to discuss how GLX can assist you.
Frequently Asked Questions…
The first step is to book a free consultation with us.
You’ll speak to a dedicated member of our team who will get to know you, your business and work out a scope and pricing that suits your business and circumstances.
Together we’ll tailor a package and once agreed you’ll receive an engagement proposal that will outline in full detail the services we’ll provide.
The thought of moving accountants or even starting with a new one can often be a daunting prospect, but trust us when we say it isn’t as difficult as you think.
We have helped transfer lots of local businesses from other accountancy practices to GLX and we always ensure this is as hassle free as possible.
If you’ve decided it’s time for a change, simply book a free consultation with GLX, tell your current accountant that you’re leaving, and we’ll take care of the rest.
We provide services to limited companies, company directors, personal taxpayers, self-employed individuals, partnerships and property landlords. Our services are tailored to you and your needs.
In order to provide you with a quotation, we can arrange a free, no obligation, consultation with you to discuss your individual needs so that you only pay for the level of support that you require.
This allows us to best understand your needs and provide a tailored quotation for you. From this meeting we will provide you with a fixed fee quote that we both agree to and you will then know exactly what you are paying for the services we provide.
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