When two became 12
We advised in the highly complex multi-million pound group reorganisation of Shield. The reorganisation essentially involved splitting two companies – made up of various businesses including those for property investment, different types of engineering and an aluminium foundry – into 12 separate entities.
The financial benefits of this are three-fold: to motivate and reward the management personnel of each business, to access government grants for smaller businesses, and to reduce overall utility costs.
The work involved more than 240 separate documents and took almost six months to implement. In conjunction with tax specialists, we successfully accessed a hugely beneficial tax environment for our client.
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