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Annual Report & Accounts 2007 - Notes to the financial statements

29. Post balance sheet events On 1 October 2007, the Company undertook a rationalisation of the Group structure, the purpose of which was to bring the Goss and SPS Wellbeing businesses under the Jelf Group brand. Jelf Insurance Brokers Ltd. and Goss & Co (Insurance Brokers) Ltd. were combined to form Jelf Insurance Brokers Ltd. Jelf Financial Planning Ltd. and Goss & Co (Financial Services) Ltd. were combined to form Jelf Financial Planning Ltd. Jelf Corporate Healthcare Ltd. and SPS Wellbeing Ltd. were combined to form Jelf Wellbeing Ltd. The business of Auto Business Solutions Ltd. was transferred to Jelf Commercial Finance Ltd. and Jelf Insurance Brokers Ltd. The details of the transactions are as follows: • The shares of Goss & Co (Insurance Brokers) Ltd and Goss & Co (Financial Services) Ltd were sold from Goss Group Ltd to the Company. • The regulated trade of Auto Business Solutions Ltd was hived into Goss & Co (Insurance Brokers) Ltd. The non-regulated trade and assets of Auto Business Solutions Ltd were hived into Jelf Commercial Finance Ltd. • The trade and assets of Jelf Insurance Brokers Ltd were hived into Goss & Co (Insurance Brokers) Ltd and the two companies underwent a simultaneous name-change. The remaining trading entity became Jelf Insurance Brokers Ltd. • The trade and assets of Goss & Co (Financial Services) Ltd were hived into Jelf Financial Planning Ltd. • The trade and assets of Jelf Corporate Healthcare Ltd were hived into SPS Wellbeing Ltd and SPS Wellbeing Ltd was renamed as Jelf Wellbeing Ltd. All distributable reserves in the subsidiary entities whose trade had been hived into other Group companies were paid to the Company in the form of dividends. The following companies have applied to remove their FSA registration and are no longer regulated by the FSA: • Goss & Co (Insurance Brokers) Limited • Goss & Co (Financial Services) Limited • Auto Business Solutions Limited • Jelf Corporate Healthcare Limited • Access Underwriting Agency Limited (formal notification of de-regulation outstanding).