We have been able to draw upon our knowledge and experience to develop a framework for delivering our corporate simplification services.
We will conduct a comprehensive review of your corporate structure which will include accessing financial reports, financial reporting processes, business plans as well as interviewing stakeholders.
We will present the findings of our audit in a report. The report will make recommendations as to the most appropriate method of winding down, closing or eliminating relevant dormant subsidiary companies, the associated risks to the directors and the group and how best to plan for this type of project whilst avoiding the common pitfalls.
The decision regarding which is the most appropriate route to closure is likely to be based on the directors’ tolerance to risk, both personal liability and the risk of contingent liabilities arising. This factor must be balanced with the costs associated with each option, internal resource available and the most efficient approach particularly when dealing with multiple entities.
We will fully implement the approved route to closure providing peace of mind that all legal matters will be dealt with in a timely and efficient manner.
Once we have completed the process your corporate structure will be trimmed to ensure that only core businesses remain. Depending upon the preferred route to closure we would expect the payback period to be no more than 12 – 18 months for an MVL and significantly sooner for the other options.
mlm Solutions are a financial recovery, restructuring and debt advisory boutique committed to assisting debtors and creditors to address their financial challenges.