Our specialist team helps clients achieve a leaner corporate structure, return capital in a tax efficient and cost-effective way and eliminate entities no longer required.
Do you have value trapped in your group structure, complex intercompany balances or high compliance costs due to redundant dormant entities?
Do you need to return capital to investors in a tax efficient way due to a business sale/refinancing?
Are you winding down operations and need to ensure all matters are identified and dealt with efficiently?
Highly experienced team
Our dedicated team focuses exclusively on corporate eliminations, both in the UK and internationally, with deep technical capability and sector expertise
Proven methodology
Collaborative, flexible approach with well developed tools and processes ensuring issues are identified and resolved resulting in efficient corporate eliminations
Specialist tailored support
Our team includes tax, accounting and company secretarial experts, with specialist legal support, to ensure effective and efficient project delivery
Why Grant Thornton
Our Corporate Simplification Group helps organisations of all sizes to streamline their corporate structure, simplify intercompany balances, creating transparency and helping to release value for shareholders.
Our extensive experience of assisting clients with global simplification projects enables us to deliver solutions to all types of cross-border assignments.
We support Private Equity investors to realise timely and tax efficient returns, and eliminate legacy corporate structures, by use of the solvent liquidation process.
If you are an owner managed business looking to exit the business and realise your investment, we have a proven track record in returning in excess of £1bn of assets a year to shareholders.
Value extraction elimination options
MVL programme clears surplus entities in six countries
Solvent liquidation streamlines insurance group
Trusted switch of advisor speeds group simplification
Bespoke checklist supports energy group's MVL programme
Wind-down support and tax-efficient return of capital
When considering a simplification exercise, it is important to fully understand the tax and accounting implications of the proposed steps, and how they tie in with the proposed method of elimination prior to commencing any rationalisation.
We work closely with our colleagues in tax and finacial reporting to support you with our “one stop” solution to your group simplification needs including:
- Developing a step plan to implement the desired structure – this may involve providing detailed tax and/or accounting analysis
- Working with our Grant Thornton International Ltd member firms to ensure that any overseas considerations are factored in;
- Supporting you with communication with HM Revenue & Customs, as required
- Advising on the accounting implications and journal entries required to document the reorganisation;
- Liaising with your finance team, legal advisors and any other third party advisors to ensure each step is implemented successfully in line with the plan; and
- Assisting you with any subsequent striking off application or undertaking a formal liquidation, providing the services of a licensed insolvency practitioner.
Our approach is tailored to your needs and seeks to ensure that the process is managed and delivered in a timely manner from start to finish, whilst reducing the burden on your teams.
