Our corporate simplification service assists companies in reducing operating costs, mitigating risks and achieving value by producing a streamlined corporate structure.
As businesses evolve and grow, their structure often becomes more complex as additional subsidiaries are added, perhaps as a result of mergers and acquisitions, or by the transfer of assets within the group. Some of these corporate entities may already be dormant or subsequently become so. However, while their useful life has ceased, they continue to add risk to the parent company in the form of latent liabilities as well as imposing legal obligations and ongoing compliance costs.
This is where Begbies Traynor comes in – with specialist expertise in corporate simplification, we can help you to quickly and efficiently address these needs.
The Danger of Latent Liabilities
Removing Unnecessary Costs
What are the Benefits of Corporate Simplification?
- Minimises the risks of latent liabilities
- Reduced legal and compliance costs
- Capital value released to the wider group
- Management time not wasted on administration and compliance
- Leaner, efficient, transparent group structure
- Addresses regulator/stakeholder concerns about entities with no purpose
How We Can Help
Begbies Traynor has a dedicated national team of specialists with expertise in the restructuring of solvent organisations and corporate simplification.
Our team of experts is adept at working closely with management and existing advisers such as tax specialists to develop the best possible solution. We can review companies which may no longer add value to the business, identifying and addressing areas where risks can be reduced, unnecessary costs can be avoided and improvements can be made to the efficiency and transparency of the group. We will recommend and implement the most efficient options for extinguishing subsidiaries.