When a whole company in the engineering sector went into administration it became apparent that there were a number of companies that the management team were unclear about, a phenomenon commonly known as ‘corporate memory loss'. Despite being little more than empty shells, the companies had remained part of the group for so long that no one involved in the group was clear about the reasons for their continued existence. Nevertheless, the dormant companies required costly maintenance in the form of filing accounts and other corporate administration, as well as providing a confusing overall picture of the group’s structure.
Once those companies had been identified our team of specialists undertook MVLs to tidy up the group’s structure, saving costs and streamlining the entire engineering group.
20th February 2017 Small companies throughout London are worried about the prospect of seeing significant rises in business rates increase their overheads.
15th February 2017 The growth of what has become known as the gig economy is costing HMRC in the region of £75 million in lost tax revenues every week, it has been claimed.
14th February 2017 Growth in the UK economy will slow down considerably over the course of this year and next, according to the European Commission.
14th February 2017 The Co-operative Bank has been put up for sale in its entirety four years after it came perilously close to collapse before being acquired by US hedge funds.
9th February 2017 Notably strong consumer spending helped to keep the UK economy on track in recent months despite the ongoing uncertainty surrounding the country’s exit from the European Union.
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