What's it called when you have a whole string of companies but there all under one group?

[MissBossLJ]

Hello, i have a question

example:

Retail Magnate Sir Phillip Green owns topshop,burton,bhs, dorothy perkins,evans etc.

each store is for example called bhs LTD, BURTON LTD

and each is a seperate company but all these companies he owns are all placed under the Arcadia group which he owns

so say i have 3 businesses and want them to all be seperate LTDS too but want them stored under a group. what is this group is it a ltd also? and how would you go about putting your three companies under your group e.g. called Empire Group.


Regards

[IneXcess]

I believe it's a Holding Co. or a Parent Co.

www -> en.wikipedia.org/wiki/Holding_company
www -> en.wikipedia.org/wiki/Parent_company

Cheers,
Phil

[kameron]

In Canada, You have ONE Main Incorporated Company, and u can have other companies operating as trade names.

so Say Kam Enterprises Ltd. Is my Corporation, then I could have different legs of business. Like I could have a company "maid to clean"
operating under Kam Enterprises Ltd, simply as a trade name.

not sure how things operate in the UK. I'd heckle Simon if i were you

[MissBossLJ]

oh i see, thankyou!

[Mega B]

All Sir Phillip Green's companies come under the 'Parent company' which is called 'Taveta Investments Limited'

[MissBossLJ]

really when i worked in retail when i was at school in bhs we were told it was arcadia group? interesting. thankyou

so in regards to a parent company how do you go about forming one of those and the differences from ltd etc

[mtnjkwe]

Holding company - Wikipedia, the free encyclopedia

[Mega B]

@MissBLJ you are correct about the Arcadia Group but it then still comes under the Taveta Investments Limited and he could well have many other groups one that comes to mind is the Bhs group but it still comes under the Taveta main Parent company.

I would think that just set up the one ltd co and then have 3 sub groups within your Parent company you still set it up as a ltd co and then submit your account to companies house,i guess it all depends on how big your company is and if it is at the stage of setting a company up ???
You can set one up yourself for about £50 or get one setup like mine for about £180 that included everything including a company sec and registered office that was all included for a year and they then forwarded all the vital company documents to your private house.

[MissBossLJ]

what you are describing sound like what you can purchase online setting up your company from those formation sites, but i jsut register my businesses at companies house and pay the £20 filing fee and just get the other documents from the legal stationer etc which you find in the yellow pages. so basically set up a parent company and then all come under that one but each one is a seperate company i guess i could also ask my accountant about this

[rogercbryan]

Every country is different but the term 'holding company' actually has no basis for corporate structure in the US. Here you would have a single corporation with a single EIN. Then you would register each additional business with a DBA under the same EIN. The whole reasoning of this is usually to differentiate product lines. You can then add trademarking each name to the list but that is for legal rights to the name and has no effect on corporate structure or taxation.

I'm not a lawyer and this is not legal advice. This is simply my opinion based on experience.