Throughout their life, companies evolve. We recognise the importance of ensuring that the corporate structure of your company is fit for purpose in both the short and long term. The drivers for a company reorganisation can vary considerably, including ringfencing different divisions of a company, moving properties into designated holding companies, facilitating an acquisition or planning for an exit or succession. We are here to help and work closely with you and your tax advisors to get your business structure right.
Reorganisations can include:
- Cashbox placing
- Demergers (both through a capital reduction and s110 liquidations)
- Establishing holding companies or SPVs
- Standalone reductions of capital
- Creating new classes of shares
Harrison Drury’s corporate team has a wealth of experience in dealing with all aspects of a reorganisation. We appreciate many reorganisations are driven by tax planning and we work closely with your tax advisors to deliver projects in a timely manner. Clients and advisers often bring us in during the very early stages of planning and we combine our commerciality with deep legal knowledge to ensure the commercial drivers can be aligned with the available legal frameworks.
It is also common for reorganisations to be a precursor to a sale or other commercial event, and as such, there can be deadlines and time pressures on the client to complete their restructure on time. We have invested heavily to ensure we can offer the skills and resources available to hit these targets.
Examples of reorganisations we have worked on include:
- Demerger of a corporate group valued at £46 million to allow for management team in the group to focus on the development and growth of their respective divisions, being equine, leisure, agriculture and veterinary.
- Capital reduction demerger of a leisure company worth £3 million in advance of a sale to extract cash and property investments.
- Section 110 liquidation demerger of a manufacturing company to create 2 separate trading groups.
To speak to our corporate specialists please call us on 01772 258321 or make an enquiry below to see how we can assist you and your business.