Subsidiary / Entity rationalisation
Entity management systems – we can check and update company details and ensure that the records match with the local in country registry and this can also be performed as part of the health check or as a separate project.
For company secretaries, this initiative holds significant importance as it directly impacts the efficiency, compliance, and overall governance of the organisation. By reducing the number of entities, a company can cut down on administrative complexities, reporting requirements, and compliance costs. This not only enhances operational efficiency but also makes it easier to manage corporate records and ensure regulatory compliance across various jurisdictions.
Moreover, entity rationalisation can enhance transparency in financial reporting and create a more straightforward corporate structure that aligns with the company’s strategic objectives. Ultimately, this process helps company secretaries fulfil their crucial role in maintaining governance standards and supports the organisation in achieving its long-term goals with a leaner, more agile structure.
We have carried out an audit of a company’s electronic database for a client with Companies House, highlighted issues and made filing amendments and database amendments so both the records match exactly.
Featured case study
Our entity rationalisation programme required us to analyse the company’s existing group structure, which contained circa 300 entities, to identify any entities which may be surplus to requirements
Our entity rationalisation programme required us to analyse the company’s existing group structure, which contained circa 300 entities, to identify any entities which may be surplus to requirements
We assisted in refining the accuracy of their company register database by conducting comprehensive comparisons with records from Companies House for each entity within the group structure
