FTSE 100 Group

Company overview

  • Approx 125 UK subsidiaires
  • Each subsidiary costing approx £5,000pa in compliance costs
  • Company listed in London and Johannesburg


The challenge

  • Group wanted to reduce costs
  • Group wanted to reduce number of companies that had to be disclosed to LSE and JSE


Moorfields Action

  • Prepared methodology for client’s legal, accounting and tax teams to use to identify companies to be liquidated
  • Liquidated companies in batches of five


The result

  • Reduced number of legal entities
  • Lower annual compliance costs