Solicitors for Hiving Over Business Assets in Stockport & Cheshire

Amy Austin

Solicitor (2007 Qualified) / Director
Commercial Local Team Lead
Isle of Man, 0161 274 9571
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Dan Chadwick
Dan Chadwick
1748941505
We recently sold and bought a new property, Anna B was our solicitor (both sale and purchase). Our chain was very long and there were several factors causing issues and delays. Anna and the team at the Cheadle branch, worked very hard to ensure the success of the chain. My husband and I are extremely grateful for all their hard work and support throughout the process - which at times was stressful! We would highly recommend.
Laura Anderson
Laura Anderson
1748536946
I can not speak highly enough of Anna Beavers at Mounteney, she helped us with our recent house sale and purchase, when I say helped, she guided us through it expertly, explaining things as went along, Anna was very professional but also down to earth and kept us up to date with progress. One thing that stood out for us was how responsive Anna was, ALWAYS getting in touch when she said she would, emailing back very promptly to enquiries, chased other conveyancers when needed, this was a huge positive for us and made the whole experience so much better than we thought. Thank you so much Anna!
radu muntean
radu muntean
1747855457
I have dealt with a number of solicitors during the last few years and I think that Mr. Ian McKenna is by far the best solicitor I've ever worked with.He is very efficient, he has an outstanding expertise, and he has a very high level of professionalism. All these qualities make him a great person to deal with.I really appreciate how he handled my property purchase from start to finish and I will definitely use his services again.
Hetal Knowlson
Hetal Knowlson
1747835491
Anna Beavers was our solicitor and she was excellent. Very responsive via email/call, gave good advice, navigated the challenges of sale/purchase well and managed to complete a purchase in 6 weeks! She went the extra mile to make sure we could complete so quickly. We were so glad we went with her, service was top class. Thank you Anna!
Eleanor Bowkis
Eleanor Bowkis
1747249570
Anna Beavers was our solicitor for sale and purchase. We cannot praise her enough. She was amazing throughout, extremely quick at responding to emails and kept us updated as much as possible.She ensured all funds were ready for our completion date and made everything effortless. We were completed and in our new home by 1pm! Incredible service from Mounteney and we will use them again in the future for sure.
Lucy Wiggins
Lucy Wiggins
1746529958
Very good communication- friendly, approachable staff- made the whole experience less stressful!
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£780 Inc VAT

Hive-up and hive-down transactions are strategic tools used by businesses to reorganise their internal structures for operational, financial, or strategic purposes. By transferring assets, liabilities, or entire business units either up to the parent company (hive-up) or down to a subsidiary (hive-down), companies aim to enhance operational efficiency, manage risks, and streamline their corporate structures. These reorganisations can lead to significant cost reductions and improved control over resources.

Such transfers are also commonly employed to prepare for prospects looking into buying a business, attract investment, optimise tax positions and align assets with long-term goals. Ultimately, they help businesses strengthen their financial performance and competitiveness.

Transferring assets within a group of businesses is a specialised legal area that demands both experience and expertise. Jonathan Mounteney has been involved in many business recovery projects during:

  • Almost 10 years as an in-house solicitor for Sony Group and for Co-operative Financial Services
  • About 20 years in private practice advising blue-chip clients.

By Choosing Mounteney Solicitors, you will have legal support with the knowledge, qualification and experience to pilot you toward your objective of enhancing the possibility of the survival of an underlying business which is under threat.

 

What is the difference between ‘hiving up’ and ‘hiving down’?

There are two main types of hiving transactions, Hive Up and Hive Down. Each type serves a different purpose depending on the needs of your business and how you want to manage your assets within the group.

  • A Hive Up involves transferring assets and operations from a subsidiary to its parent company, often to consolidate resources or gain direct control.
  • A Hive Down transfers assets from a parent company to a subsidiary, typically to isolate risks or prepare for selling a business.

The choice between a hive up or hive down will depend on factors such as your corporate goals, tax implications and the nature of the assets being transferred. We will work closely with you to understand your unique situation and guide you through the most suitable hive over strategy, ensuring your business achieves the best possible outcome.

How Can Transferring Assets Protect Your Business from Risks?

Hiving assets can be an effective way to safeguard your business from various threats by moving assets and liabilities to protect core operations. Threats to a strong business could include:

  • An employee claim
  • Litigation costs
  • A rogue contract
  • Fraud perpetrated against the business
  • Unfavourable non-core contracts (e.g. Utility supplies)
  • Lease obligations
  • Various cash flow issues including those arising from poor taxation planning.

It may be possible in some circumstances for business controllers to transfer their underlying business out of its existing entity into a new entity, leaving the existing business to face the contingency without that also threatening the profitable business it formerly conducted.

Fixed Fee Business Asset Transfer

Your supplier is SRA-regulated Mounteney Solicitors, that charges VAT some customers may be able to reclaim

Our normal work will be charged at a fixed fee of £650 + VAT = £780.

There is more about our fees on our website.

If you have any questions or require any further information, please don’t hesitate to Contact Us.

 

How Long Does this Process Take?

The process of hiving up or hiving down a business typically takes around 4 working days from the time we receive your instructions. In urgent cases, we offer special dispatch options at an additional cost to ensure a faster turnaround.

If you require a swift resolution, contact us today and we will develop the most efficient solution to hive over your business assets that will ensure your goals are met.

Contact our Business Hive Over Solicitors

If you’re considering transferring assets within a group of businesses, our expert corporate solicitors are here to guide you every step of the way. With years of experience in business restructuring, we’ll ensure a smooth and efficient process tailored to your needs.

We have offices located in Bramhall, Cheadle, Hazel Grove and Heald Green. Our solicitors in Stockport regularly act for clients across Cheshire and other areas of England and Wales.

Contact us today for personalised advice and take the first step towards securing the future of your business.