A top UK law firm approached us in respect of providing transactional support for a major acquisition deal they were handling. Their client was a US private equity house that was purchasing a business in the UK. Transaction value was approximately USD200m.
Having received recommendations from Big Four accountants regarding appropriate structuring of the transaction, Jordans was instructed to set up a 5-tier acquisition structure.
The deal structure was not crystallised until the ‘11th hour’, adding a great deal of urgency with regard to setting up the entities.
Providing responsive and flexible service under a time-sensitive schedule was one of the key criteria.
There was also a fiscal requirement for these entities to have professional UK resident directors.
Vistra and Jordans provided the following support services:
1. Company formation
Our formation specialists set up the companies, dealing with all supporting paperwork required by Companies House. We also reviewed and executed necessary transactional documents.
2. UK Resident Directors
We provided a suite of integral services, including appointing a dedicated team of UK professional directors with the right skillset and expertise. Our top management is drawn from specialist disciplines including legal, tax, accounting, company secretarial and governance, and regularly act as professional directors on client entities. This unique service capability enabled us to adhere to the demanding time schedule and ensure that management is undertaken in the UK, in accordance with tax advice.
3. Company Secretarial
Following the acquisition, we were appointed as the secretary for the 5 companies. As a result, we now deliver full company secretarial support which includes:
- the provision of a UK registered office address;
- preparing and holding each company’s statutory records electronically, including maintaining registers;
- preparing and filing the Confirmation Statement of each company;
- preparing all necessary paperwork for the board and shareholders to approve and receive the accounts;
- reminding when the AGM (if any) is due; and
- prompting when the statutory accounts need to be prepared and filed and submitting statutory accounts.
4. Provision of UK Service Address
As part of our fully managed service, we provide a UK Service Address for any legal documentation, given that the private equity house owner is based in the US.
Jordans is a leading partner to Top 100 law firms for Company Formation, Company Secretarial, Corporate Governance and Accounting services in the UK. We are passionate about service excellence and build strong relationships with our clients to maximise time and cost efficiencies through the most complex of transactions. Through our parent company Vistra, we are able to add yet more value, delivering our services through 80 offices and 46 jurisdictions worldwide.