Post
by hopeforall9 » Fri May 06, 2016 4:42 pm
If anyone could help me out with this, I would really appreciate it.
I will try to simplify this as much as possible, but here is my situation. Sorry if it is a little long.
I work for Company A, which is our registered name and the one we have the Tier 2 licence with. Company B is our parent company which holds all of our shares (and only the shares of Company A, it's the holding company), but does not hold a Tier 2 licence.
Recently the company has decided this structure is too complex for a small company and will be transferring all of the shares and such of Company A into Company B, ultimately changing it to our trading name (which is almost identical to Company A's name), but changing things like our company's registered number with companies house, bank accounts, etc.
When I asked for more clarification to determine if this was a name change, merger, or acquisition, this was the reply I got:
'Technically this is considered as a transfer of employer under TUPE, as the company that directly employs you will change. You will be employed by the parent company of your current employer company. This is common when companies are acquired by other companies, although here there is no change in control.'
Am I right in thinking that this is Company A, my current employer being essentially acquired by our parent company, Company B my soon to be employer. And if this is so, does Company B need to apply for its own licence (which is what I would assume), or is there a way to transfer our current licence to our parent company?
Also could someone please clarify what the 28 days thing is, is it that this is the time they need to apply for the licence from the time of the change/notify the home office of the name change once it is official? It's the change is control staying the same that is throwing me off.
Any help anyone could provide me I would really appreciate it, as I feel it is a similar situation to the one that started this thread. Thank you in advance