one of my clients has three limited companies and planning to open the fourth one soon.
Each company has an average of 13 employee per year.
The payroll is run on a weekly basis it takes time especially if one employee or two moving from one company to another.
I thought it may be good to set up a holding company where it owns the three limited companies and then run the payroll through the holding company.
There is many benefits including if an employee moves from one company to another the holding company will not issue P45 because all sub’s will be under one payroll scheme.
There might be other benefits from setting up a holding company, I have not come across this before and I will be very grateful if someone can give some guide.