A result of recent economic challenges in the upstream sector has created a new wave of opportunity and optimism in the North Sea. An increasing trend is becoming apparent where entrepreneurial smaller businesses are strategically acquiring assets or companies that are no longer deemed as core to business by their incumbent owners. These owners are often larger organisations with their focus increasingly in other international basins.
10 Key Areas to Consider Before Selling Your Business
With the significant increase in both activity and confidence in the North Sea, and the strong business ties between the UK and the Scandinavian countries of Norway and Denmark, we have seen an increase in business activity through 2018, and continuing into 2019. Whilst this is undoubtedly good news for business, companies do need to be aware of their associated tax reporting obligations.