Services
Corporate Simplification
In its most basic form, corporate simplification is the removal of a single company from a group structure. It could also form part of a wider restructuring to reduce costs and improve profitability by eliminating tiers from a corporate structure. Equally, it may also lead to a series of corporate transactions designed to release capital and improve corporate governance. Our services include solvent wind-down and ordinary liquidation as well as legal entity rationalisations.
Solvent wind down
Implementing a speedy wind-down or acting as liquidator.
If a company is no longer required by shareholders or the holding company, it may go into liquidation. Our team assists at all stages of the solvent wind-down process. We act as liquidators in solvent situations, initiating and finalising liquidations in a timely and appropriate manner, and managing the whole process from start to finish – right through to removal from the commercial register. Deloitte can help maximise the benefits achieved through this process by ensuring an efficient process that avoids ongoing running costs.
Legal entity rationalisation
Achieving cost savings or risk reduction by simplifying the legal entity structure.
Other than for making the legal entity chart easier to read, or even possible to print, why would companies try to simplify their legal entity structure? For most companies, the answer comes down to cost savings or risk reduction related, for example, to changes in the tax environment or transfer pricing, or some combination of both.
