Our clients are telling us that corporate simplification is currently at the top of their boards agenda for a number of reasons and this is supported by Companies House statistics showing that the number of members’ voluntary liquidations, that’s solvent liquidations, and strike offs, are continuing to increase significantly year on year.
Clients are still looking to reduce costs as the economy recovers but boards are increasingly concerned about transparency, good corporate governance, risk management and managing changes in regulation. For example, the fair tax debate and proposed action regarding Base Erosion and Profit Shifting is leading clients to look at their group structure to ensure it is fit for purpose now and in the future. It is also clear that a simplified corporate group can influence investors’ perception of value and, in a divestment, influence the price a buyer is willing to pay.
Whether you are looking to implement an optimal group structure or simply undertake a project to eliminate redundant companies via striking off or liquidation, corporate simplification is not a business as usual activity. I have specialised in corporate simplification for just under 20 years and I would be delighted to have a chat with you to see what a corporate simplification project could enable you to do with your business in the future.
For more information please do not hesitate to get in touch
with James Eldrige