Associated Companies

Associated Companies

Didn't find your answer?

Mr & Mrs A own 100% of A ltd

They also own 50% of B Ltd

Are A Ltd and B Ltd associated even though Mr & Mrs A dont control B Ltd as that Company is in deadlock 50/50

Thanks
AJJ

Replies (3)

Please login or register to join the discussion.

avatar
By David160
17th Mar 2007 17:27

Remember about assets on liquidation
Remember to check who gets the assets if the company was liquidated

Thanks (0)
avatar
By User deleted
19th Mar 2007 21:17

Associated companies
No association as even attributing Mr A's share to Mrs A, neither has the greater part of the shares in B. Watch out however who owns the remainder of B Ltd as if owned by other relatives, association rules may mean either Mr A or Mrs A would then have the greater part.

Even so, Extra Stautory Concession ESC/C9 may disapply any association of other relatives.

Thanks (0)