Economic Substance
Economic substance laws across Jersey, BVI, Cayman Islands and Guernsey require fiduciary firms to demonstrate that relevant activities are genuinely directed and managed in the jurisdiction — through adequate staff, expenditure and physical presence. This matrix tracks every administered entity’s compliance status, next reporting window and risk flags, so the compliance team can prioritise remediation before a regulator review.
Overview
Aggregate substance compliance position across all four jurisdictions.
Entity detail
Each entity's substance status, activity class, staff head-count, annual expenditure and next reporting deadline. At-risk and non-compliant rows are highlighted.
Compliant
6
Entities meeting substance requirements
At-risk
2
Below threshold — remediation required
Non-compliant
1
Failing current requirements — urgent action
Next report due
30 Sept 2026
2 exempt · 1 monitoring
| Entity | Activity | Staff | Expenditure | Status | Next report |
|---|---|---|---|---|---|
Cascade Trust (Jersey) Trust | – | N/A | – | Exempt | – |
Harrington Capital Partners Fund I Fund | Fund management | 4 staff | £420,000 | Compliant | 31 Dec 2026 |
Meridian Holdings JE1 Limited Company | Holding | 3 staff | £180,000 | Compliant | 31 Dec 2026 |
| Entity | Activity | Staff | Expenditure | Status | Next report |
|---|---|---|---|---|---|
Meridian BVI Corporate Services Ltd Company | HQ | 5 staff | £310,000 | Compliant | 31 Dec 2026 |
Meridian BVI Fund Services Ltd Company | Fund management | 2 staff | £95,000 | At risk | 31 Dec 2026 |
Pemberton IP Holdings BVI Ltd Company | IP | 1 staff | £45,000 | Non-compliant | 30 Sept 2026 |
| Entity | Activity | Staff | Expenditure | Status | Next report |
|---|---|---|---|---|---|
Atlantic Distribution Services Ltd Company | Distribution | 4 staff | £195,000 | Monitoring | 31 Mar 2027 |
Cayman Feeder Fund Ltd Fund | Fund management | 3 staff | £225,000 | Compliant | 31 Mar 2027 |
Meridian KY Holding Co. Company | Holding | 2 staff | £88,000 | At risk | 31 Mar 2027 |
| Entity | Activity | Staff | Expenditure | Status | Next report |
|---|---|---|---|---|---|
Guernsey Property Trust Trust | – | N/A | – | Exempt | – |
Lighthouse Holdings (Guernsey) Limited Company | Holding | 3 staff | £165,000 | Compliant | 31 Dec 2026 |
Meridian GG Fund Administration Ltd Company | Fund management | 6 staff | £510,000 | Compliant | 31 Dec 2026 |
