Execution
Frost Group Limited (“FGL”) were approached to provide an alternative quote on a group of the Group’s energy companies, FGL were able to significantly reduce the costs for the Group and undertake the Members’ Voluntary Liquidations (“MVLs”), with some complex and specific pre-appointment planning, the actual MVLs became very straightforward.
FGL worked well with numerous departments within the Group and were able to timely distribute over £12m to a large number of EIS investors, for which the Group act as nominee.
Interesting parts
Complexity of pre-appointment planning to enable the smooth processing of the liquidation.
Overcoming complicated and detailed KYC checks up the chain of beneficial ownership.
Small and Medium Enterprises (SMEs) play a major role in most economies. SMEs account for the majority of businesses worldwide and are important contributors to job creation and global economic development. They represent about 90% of businesses and more than 50% of employment worldwide.
The Enterprise Investment Scheme (EIS) is a government initiative that encourages private investors to invest in early-stage businesses with the promise of various tax relief benefits.
Distribution Value
£12.4m
