Protect Your Assets
100% Inland Revenue approval
If you hold property, valuable intellectual property, or a bank deposit in your operating limited company, you could be at risk of losing this ‘asset’ should your business experience financial difficulty in the future.
The Asset Management Team at Folkes Worton specialise in efficiently protecting valuable assets from potential future loss. We have successfully protected over £25m worth of our clients’ assets in the last 12 months.
This specialist area requires a team of experts to prepare bespoke proposals for submission to HMRC for approval, ensuring legal compliance and no risk of expensive future queries.
Examples of assets
- Factories, industrial units, warehouses
- Care and residential homes
- Retail stores and units
- Pubs, restaurants and hotels
- Doctors, Dentists and Veterinary surgeries
- Plant and machinery
- Holiday lets
- Bank deposits and savings
- Goodwill and intellectual property
Asset Protection is often overlooked until it is too late, it can also be very tax efficient. For a no obligation discussion about how we could help you protect your asset, please email Nigel Meredith on email@example.com or call 01384 376964.
We don’t charge a fee until our proposal is approved by HMRC and your asset is protected.
Father and Mother built a successful trading company over a period of 25 years. Due to ill-health, Father needed to retire early and the plan involved his eldest son taking over the business. At the time there was an excess of £1m on deposit and all family members (including the eldest son) were nervous that this could be vulnerable. Folkes Worton successfully devised a plan to protect this asset against an ‘Armageddon’ situation without incurring any tax liabilities.
A young entrepreneur had successfully accumulated substantial ‘surplus’ funds. He didn’t want to extract these funds at a cost of higher rate tax, but wanted to invest in building a property portfolio for his retirement and which needed to be protected from adverse trading or a business sale, but also be tax efficient. We devised a solution and he has now just completed on his fourth investment purchase.
We value Folkes Worton LLP as part of our team and we work very closely with their staff in making major decisions for our business. I have no doubt in saying that they have played a major role in the development and success that Andyfreight has achieved.Andy Pountney, Andyfreight Ltd