Intercompany debt streamlining
Over time, as a group’s intercompany transactions develop they have a tendency to become more complicated and less effective. From time to time it’s necessary to ‘prune the tree’, simplifying the arrangements and removing any that aren’t creating value. So a process of intercompany debt streamlining often goes hand-in-hand with other group restructuring projects.
The process is fundamentally similar: understanding the existing situation, working out what needs to be changed, and managing a process to make those changes successfully.
Working with Tax, Treasury and Legal teams, we take a holistic view of the project from the start, and ensure that we avoid unwanted knock-on effects on assets, tax, or other liabilities.