Private Companies
Our focus on the private real estate sector covers companies, entrepreneurs and High Net Worth individuals and families in the property investment and development arena. We have an deep understanding of the challenges and opportunities that private investors face, and the ever increasing regulatory environment in which we are all now required to operate.
Our private real estate team comprises specialists across our business, from audit and advisory, tax and Drivers Jonas Deloitte; we work in a collaborative manner with the primary aim of seeking to add value to our clients’ businesses and provide practical solutions and consultation on matters which are relevant to this sector. Our tax teams provide advice on all aspects of tax planning and advice on structuring transactions to improve tax efficiency for a corporate vehicle or individual. From an audit and advisory perspective, as well as delivering a range of assurance and transaction related services, we advise our clients on a number of technical and strategic issues including:
- Reporting requirements in connection with debt raising
- Transaction due diligence
- Financial controls and reporting;
- Impact of regulatory matters (for example, the implications of AIFMD, the Bribery Act, sustainability and carbon reporting); and
- Impact of future changes in accounting requirements (for example, the end of UK GAAP and the implications of the proposed changes to lease accounting)
Our Drivers Jonas Deloitte real estate advisory team advises a number of clients on a range of commercial leasing issues, including rent reviews, lease re-gears, dilapidations and estate strategy. In addition the team offers specialised advice on planning and development matters, maximising and realising asset value and aligning property portfolios to an entity’s core business objectives. We also provide specialist advice on debt issue and refinancing.
Issues, trends & solutions within the industry
Faster Financial close
Cutting costs and improving efficiencies remains a key objective for many businesses. By reporting more efficiently, time can be freed up for value added work, communication with stakeholders improved, and the project can act as a useful diagnostic to assess the overall operational efficiency of the finance function in the business.
Working Capital Management
Effective management of cash and working capital can result in a release of unproductive cash and can be the cheapest, and most accessible, form of funding available to a company
Debt advisory and refinancing
Refinancing continues to be a significant challenge in against the background of the continuing turbulence in the financial markets. We have a global team of 60 professionals that provide expert independent debt advice assisting you in relation to proposed covenant waivers and amendments to design an optimum strategy in the current debt market.
Proposed EU Directive for Alternative Investment Fund Managers (AIFM)
A proposed EU Directive for AIFM has been drafted (and re-drafted), against a backdrop of calls for increased transparency and monitoring of systemic risk in the financial services arena generally.
Business structures – LLPs vs companies
The widening gap between income tax rates (up to 50% plus NIC), and corporation tax rates (26% and falling further) has further polarised the preferred choice of business structure. We are seeing companies convert to LLP status and LLPs converting to company status. We are also advising on hybrid structures to capture the best of both worlds. This structuring is often linked in with advice on tax efficient reward for the business owners and management.
REITs
The announcement of relaxation in some of the REIT rules from next year will open up the regime to a wider range of businesses and make it easier for a private property investment group to become a REIT.
Corporate Simplification
Established corporate groups often have subsidiaries that are now surplus to requirements and can result in significant annual cost. We can advise on how to simplify structures to eliminate these costs.
The impact of future changes in accounting frameworks
With the end of UK GAAP in the horizon, we can assist clients with responding to the pending change in accounting frameworks to ensure that any future change is managed efficiently and with minimal disruption to their business.
Private Companies research and insight
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