This company was part of a group which required restructuring. Following consultation with SFP it was decided that the best way to achieve this was by a Section 110 appointment. This would involve appointing solicitors to draw up the required share transfer agreement.
This referral was passed to the MVL department from their accountants. The MVL team liaised with the clients throughout the process to ensure that the transfer of shares was completed correctly in accordance with their requirements. SFP then undertook the task of obtaining the required clearance from creditors including HMRC before closing the matter.
The s110 agreement was completed as per the directors wishes and clearance was received from HMRC to allow us to close the case quickly and effectively.