Case Studies

Family Business

Case study: Langham Hall Estate

22/05/2024

Located within the Dedham Vale Area of Outstanding Natural Beauty, Langham Hall Estate spans approximately 500 picture-perfect acres.

The estate boasts a compelling history, with ownership dating back to the 11th century. Around 1830, part of the estate was captured on canvas by the celebrated landscape painter, John Constable (‘The Glebe Farm’).

Today, the family owners are careful about managing their estate in a way that respects both its rich heritage and environmental impact. As such, they have an experienced team of equine, farming, and estate-management professionals who successfully develop their sustainable, carbon-neutral rural business.

Demerging a family business

Already supporting many of the family’s wider business interests, Rickard Luckin was called upon to help craft a detailed plan that involved demerging parts of the family’s interests.

Following a holistic review of the family’s affairs, it was agreed that the best way forward would be for various family members to separate their expert interests and manage them individually.

“We knew we were in capable hands, but at the outset we must admit that we did not appreciate just how complex the plan would be and quite how much of Rickard Luckin’s expertise we would need!”
Charlie and Katherine Warburton, Owners

Working alongside the family solicitors, Rickard Luckin provided a range of services that enabled clear organisation and ongoing management of the demerger. The Rickard Luckin team also comprised experts in complex areas including VAT, personal tax, and corporate tax.

The overriding objective was to keep the family united, whilst ensuring their separate interests could be managed in a way to suit both the individual members and the business as a whole. This was achieved through clear, regular communication and collaborative engagement throughout.

“We can’t thank Rickard Luckin enough for their sage advice, support and hard work on our demerger. Their calm, authoritative commitment and attention to detail throughout instilled confidence and a collective desire to stay on track.”

Following successful completion of the demerger, Rickard Luckin is privileged to continue providing diverse accountancy and tax-related services to the separated business interests at Langham Hall Estate and for the wider family.

Find out more
If you have any questions about the above, or would like more information specific to your circumstances, please enter your email address below and we will get in touch:

Related View All

The sale of Avidcrave Group Ltd to ECG Bidco Ltd
Corporate Finance
The sale of Avidcrave Group Ltd to ECG Bidco Ltd
The sale of J & J Restaurants Ltd to Management Team
Corporate Finance
The sale of J & J Restaurants Ltd to Management Team
 

Our Accreditations and Memberships