In this instance a number of companies with common shareholders and directors with a mixture of assets and liabilities were spread amongst the companies. A plan was formulated to place all the assets in one company and all the trading interests in another company.

The asset company then rented the building machinery to the trading company under the protection of commercial leases and hire agreements, and the protection of a debenture.

Each company was registered for tax and VAT individually, with no cross security and all employees are now employed by just one company.

We also enabled the removal of all the cash from the businesses, for the benefit of the shareholders, and all done with zero tax implication. A clever legal process that ring fenced the assets and placed all the risk in one legal entity.