Industry consultancy RSK Group has re-registered the business as a private company, RSK Group Limited.

In a statement on its website, the company said both its directors and shareholders voted unanimously in favour of the change, which came into effect at the beginning of this month.

RSK said: "The principal reason for re-registering RSK Group as a private company is to give more flexibility to fund the RSK Employee Benefit Trust.

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"A public company also has several company law and procedural requirements that do not apply to a private company. Re-registering as a private company therefore, in some respects, reduces the administrative burden on the company.

"It should be emphasised there are no changes in RSK's trading activities, its funding structure, ownership or share capital, the board of directors or the management of the group as a result of re-registering as a private company."

(LM/JP)