SIMPLE Group

Last updated
SIMPLE Group
Private (Limited liability)
Founded Gibraltar (Incorporation: 1999)
Headquarters
Gibraltar
,
Gibraltar
Key people
Stephen Kurphy, CEO
Products Consulting
Revenue EUR€ 2.6 millionIncrease2.svg (2016)
Number of employees
Undisclosed
Website www.simplegroup.com

SIMPLE Group Limited is a conglomeration of separately run companies that each has its core area in International Consulting. The core business areas are Legal Services, Fiduciary Activities, Banking Intermediation and Corporate Service.

The date of incorporation is listed as 1999 by Companies House of Gibraltar, [1] who class it as a holding company; however it is understood that SIMPLE Group's business and trading activities date to the second part of the 90s, probably as an incorporated body.

A holding company is a company that owns other companies' outstanding stock. A holding company usually does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies.

SIMPLE Group Limited is a conglomerate that cultivate secrecy, they are not listed on any Stock Exchange and the group is owned by a complicated series of offshore trusts. The Sunday Times stated that SIMPLE Group's interests could be evaluated at £77 million; the shareholders are understood to be a group of Swiss Private Banks' owners.

Conglomerate (company) two or more corporations that fall under one corporate group

A conglomerate is a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Often, a conglomerate is a multi-industry company. Conglomerates are often large and multinational.

An offshore trust is a conventional trust that is formed under the laws of an offshore jurisdiction.

Each of the companies operating under the SIMPLE Group umbrella is independent, with most being majority owned by SIMPLE Group, while previous owners still hold minority stakes. Occasionally, They simply license the SIMPLE brand to a company that has purchased a division or service from them.

With a few exceptions, none of the companies began as wholly owned SIMPLE Group's subsidiaries but instead were acquired from different previous owners.


Footnotes

  1. "SIMPLE Group: Search Company Number = 80416". Government of Gibraltar. Retrieved 2018-01-01.

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