Corporate simplification

Based on research undertaken by PricewaterhouseCoopers, at least 20% of the UK’s 1.7 million companies are inactive and serve no economic purpose. These companies waste management time and millions of pounds in recurring corporate governance costs.

The PricewaterhouseCoopers Channel Islands firm works with clients to plan and implement projects to eliminate these companies in the swiftest and most cost effective manner, typically through a member’s voluntary liquidation.

We also assist clients restructuring fixed life vehicles. A prime example of the work we perform is the restructuring limited life closed ended funds where the fund manager wishes to offer the members the option to roll up their capital into another vehicle while also offering a return of capital to other members. We can assist with structuring and implementing the plan, dealing with any solvent liquidations that maybe required to return shareholder capital.

We can act as liquidators or project co-ordinators minimising client management time, and ensure that an orderly winding-up is conducted in accordance with local laws and regulations whilst at the same time maximising shareholder return through efficient management of costs.

What we can do:

• Members voluntary winding-up, solvent creditors winding-up, corporate liquidations of Jersey or Guernsey
• Streamlining of offshore structures
• Closure of activities
• Return of capital to shareholders