Our focused solutions are designed to assist clients in adding more value to their organisations and achieving their goals by mitigating risks, seeking opportunities, enhancing productivity, and going for growth.
A lot of organisations tend to engage in significant acquisitions or use special purpose vehicles to keep the business growing and protect the parent company from financial risks. The problem with this, however, is that it creates an elaborate group structure that can be more disadvantageous than beneficial.
For one, running multiple companies both locally and overseas puts additional cost and governance burden on the entire organisation. This is because there can be dormant entities that require ongoing maintenance costs all year round. Inefficiencies also run high since there tends to be redundancies in functions, wasting significant amount of management time. Additionally, an elaborate group structure may not be viewed positively by the HMRC, increasing the risk of intervention.
Corporate simplification is an objective means to streamline or justify complex corporate structure. This can be done by removing dormant companies within the structure or by reorganisation should the parent company only wish to sell a portion of the business. Corporate simplification offers the benefits of:
Millwood Accounting has a specialist corporate simplification team that can assist your organisation in going about corporate simplification seamlessly. We have a proven track record in providing strategic advice and guidance in choosing and implementing the most appropriate methods for closing and removing companies from a group structure, orderly wind down, and strike off. We have also worked with organisations across all industry sectors and multiple jurisdictions, making us a good fit to assist in your organisation’s simplification process.
Our end-to-end corporate simplification solution include:
Contact us so we can elaborate on our accounting and strategic business advisory solutions and discuss how they can help your organisation.Contact Us