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I'm not sure what the best option is, use a 301 to point www.companyname.com to www.companyname.co.uk or move the site to a UK server?
Does anyone have any experience with 301 and the consequences? With using a 301 result in the site dropping dramatically or being 'sandboxed' from the search results. I don't want to advise anything to my client which will cause them problems, they just asked me why they don't appear when you search for their company name on www.google.co.uk.