"LexisPSL and the other Lexis solutions support our business in exactly the way we want. They enable us to quickly turn around work and deliver the best possible service to our clients."
SBP Law
Access all documents on Holding company
Defined in section 1159 of the Companies Act 2006 as a company holding a majority of the voting rights in another subsidiary company or having the right to appoint or remove a majority of the subsidiary company’s board of directors.
In practice a holding company is often established as a non-trading entity, holding assets such as shares, real estate and intellectual property rights and overseeing a group structure in order to attract various tax, corporate accounting and risk management advantages.
Note also the broader definition of ‘parent undertaking’ in CA 2006, s 1162 (and Schedule 7) which includes a power to exercise, or actually exercise, dominant influence or control over a ‘subsidiary undertaking’.
Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.
For our full legal glossary and more legal research sources, register for a free Lexis+ trial
UK Solvency II—timeline This timeline shows key developments relating to the UK's Solvency II regime. For earlier developments see Solvency II—timeline (2007–2023) [Archived]. 2025 Date Source Document Description 10 April 2025 PRA Prudential Regulation Authority Business Plan 2025/26 The Prudential Regulation Authority (PRA) has announced its business plan for 2025/2026, outlining its strategic priorities and objectives. The strategy focuses on maintaining the safety and soundness of the banking and insurance sectors, identifying new and emerging risks, supporting competitive and innovative markets, and running an inclusive and efficient regulator. The PRA also mentions work it has already completed, ongoing and future initiatives. Key regulatory initiatives include stress testing in the banking and insurance sector, preparation for the implementation of the Basel 3.1 standards by January 2027 and enhancing operational and cyber resilience. 8 April 2025 PRA PRA launches consultation to help insurers accelerate investment in the UKCP7/25 – Matching Adjustment Investment Accelerator The PRA has published a consultation paper, CP7/25, proposing the introduction of a new framework called the...
Key UK tax considerations for returning value to shareholders—comparative table The table below sets out different methods by which a company can return value to shareholders and summarises the key UK tax considerations relevant to each structure. In all cases, it is assumed that: • the company returning value is UK incorporated and tax resident • if the shareholder is a company, the shareholder is UK resident • if the shareholder is an individual, the individual has not claimed the remittance basis of taxation for periods prior to 6 April 2025 and is not taxed pursuant to the foreign income and gains regime, the temporary repatriation facility or other post-6 April 2025 transitional rules (for which see, Practice Notes: The abolition of the remittance basis of taxation from 2025–26, Foreign income and gains regime from 6 April 2025 and Temporary repatriation facility—FAQs) • the shareholder does not hold shares in the company as a nominee or trustee for any other person, and • the shareholder holds the shares as an...
Discover our 2 Checklists on Holding company
Funding an employee benefit trust This Practice Note covers the following issues in relation to the funding of an employee benefit trust (EBT): • practical aspects of funding an EBT • financial assistance—the background • financial assistance—the current position • relevance of financial assistance to EBTs • financial assistance—exemptions • the employees’ shares scheme exemption • consequences of non-compliance of the financial assistance provisions • tax implications for close companies which fund EBTs, and • corporation tax relief in respect of EBT funding Practical aspects of funding an EBT When an EBT is first set up, it needs to be provided with initial financing, as a trust cannot exist without initial trust assets. It is common for a nominal amount, for example £100, to be settled on the trustee in order to establish the EBT (for further details, see Practice Note: Setting up an EBT). However, after the EBT has established, other funding can be provided. This may be by way of: • voluntary contribution • loan...
Structural considerations for Part 26A restructuring plans Statutory provisions on jurisdiction and sufficient connection/discretion At the convening hearing, before an English court will consider a Part 26A restructuring plan (RP), it will ascertain whether it has jurisdiction to do so. Part 26A of the Companies Act 2006 (CA 2006) applies to companies liable to be wound up under the Insolvency Act 1986 (IA 1986) (see CA 2006, s 901A(4)(b) and Re Virgin Atlantic applying DAP Holding NV and Re PizzaExpress). ‘Companies liable to be wound up under IA 1986’ is a similar definition to that used for schemes of arrangement, and for both schemes and RPs includes unregistered companies and foreign companies. Additionally where foreign companies are involved and when considering its discretion to sanction an RP, a court will only exercise jurisdiction over a foreign company if it has a sufficient connection with this jurisdiction (see scheme case,  Re Drax Holdings as applied to RPs by Snowden LJ in Re Smile Telecoms Holdings). Note this...
Discover our 43 Practice Notes on Holding company
Consultancy agreement—company and individual—pro-client (short form) [ON HEADED NOTEPAPER OF CLIENT COMPANY] [Insert consultant’s name] [Insert consultant’s address] [Insert date] Dear [insert consultant’s name] [ Consultancy agreement OR Insert name of project ] Further to our recent discussions, I am pleased to confirm the terms of our agreement regarding the provision of your consultancy services to [insert name of client company] (Company). 1 Term 1.1 [Subject to the terms set out in this letter, your engagement [will commence OR commenced] on [insert date] and will continue unless or until either party gives to the other not less than [insert number] [weeks’ OR months’] prior notice in writing. OR 1.2 Your engagement will be for a fixed period of [insert number] months from [insert date], subject to the terms of this letter and subject to the right of either the Company or you to give to the other not less than [number] [weeks’ OR months’] notice in writing during such fixed period terminating the...
Phantom share option agreement This AGREEMENT is made on [insert date of execution of the phantom share option agreement] Parties 1 [insert name of company whose shares are relevant to the phantom option] (registered number [insert registered number of company]) whose registered office is at [insert registered address of company] (the Company); and 2 [insert name of option holder] of [insert address of option holder] (the Option Holder) Background (A) The Company has agreed to grant to the Option Holder as at the date of this Agreement a Phantom Option on the terms set out in this Agreement. (B) The Phantom Option provides an entitlement to cash and not shares. 1 Definitions In this Agreement, except where the context otherwise requires, the words and expressions set out below will bear the following meanings, namely: Cash Payment • means the cash sum payable on the exercise of the Phantom Option, which shall be calculated in accordance with clause 6.2; Control • has the meaning given...
Dive into our 44 Precedents related to Holding company
Once a public limited company has been converted to an Societas Europaea is it the same legal entity? A Societas Europaea (SE) is a public limited liability company (PLC) governed by the law of the Member State in which it has its registered office. An SE may be formed in a number of ways: by merger, as a holding company, as a subsidiary or by conversion from an existing public limited company. The provisions relating to the conversion of an existing PLC into an SE are set out in Article 37 of Council Regulation 2157/2001/EEC. As provided in Article 37(2) of Council Regulation 2157/2001/EEC, ‘the conversion of a public limited-liability company into an SE shall not result in the winding up of the company or in the creation of a new legal person’. Before the transformation can take effect, the PLC must prepare draft terms of conversion along with an explanatory report and present them for approval to a general meeting of shareholders. The explanatory report
See the 1 Q&As about Holding company
As part of its various changes to Sponsor Guidance on 9 April 2025, the Home Office has made a number of revisions to the Workers and Temporary Workers: sponsor a Global Business Mobility worker guidance. In addition to changes to Global Business Mobility routes which are common to various other routes, including the extension of prohibitions on recouping sponsorship fees and associated administrative costs from sponsored workers, the guidance also includes a significant change to the ‘qualifying overseas business link’ requirement on the UK Expansion Worker route. Details of the updated provisions covering this requirement are set out below.
Welcome to the weekly highlights from the Lexis®PSL Dispute Resolution team for the week ending 2 March 2017. In this week’s edition, we feature the forthcoming changes in respect of trial fees, the new Media and Communications List and what we’ve learned about the online court from the Prisons and Court Bill. We also highlight the latest Dispute Resolution News Analysis on a broad range of topics, including: inducing breach of an exclusive jurisdiction clause (Supreme Court in AMT Futures); reputational damage and non-party appeals (Court of Appeal in Gray); costs (Rezek-Clarke); settlement (Tchenguiz); and strike out (Harb). For those litigating in the TCC, don’t miss Mr Justice Coulson’s guidance on lodging skeleton arguments in respect of some applications. We also highlight relevant News Analysis from other Lexis®PSL practice areas, a new Practice Note and recent substantive amendments to our core content, and the latest Q&As. All this, and more, in our weekly highlights.
Read the latest 3 News articles on Holding company
**Trials are provided to all ³ÉÈËÓ°Òô content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these ³ÉÈËÓ°Òô services please email customer service via our online form. Free trials are only available to individuals based in the UK, Ireland and selected UK overseas territories and Caribbean countries. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234