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.
Definition on an Asset:
“An item of property owned by a person or company, regarded as having value and available to meet debts, commitments or legacies.”
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.
If you are interested in learning more about protecting your assets, please fill in your details below:
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.
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 firstname.lastname@example.org or call 01384 376964.
We don’t charge a fee until our proposal is approved by HMRC and your asset is protected.
Examples of Assets:
- Factories, industrial units, warehouses
- Care and residential homes
- Retail stores and units
- Pubs, restaurants and hotels
- Doctors, Dentists and Veterinary surgeries
- Holiday lets
- Plant and machinery
- Bank deposits and savings
- Goodwill and intellectual property
“£25m Protected So Far
Every month we are identifying more assets to protect for our clients – you could be next”
“HMRC Approved Asset Protection
Every protection plan we have ever submitted to HMRC has been approved”
Case Study 1
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.
Case Study 2
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.
Folkes Worton LLP – Protecting Your Assets