Hi all

[salmo776]

Just a quick hello I have just found this site and realised it may well be the answer to my prayers. I last year formed my own Ltd Company but feel very inadaqaute in many areas heres hoping you may be able to impart some of your valuable hard earned knowledge to me along the way
Regards
Mark

[Cornish Steve]

Welcome Mark. I hope to learn from your experiences too.

[Eagle]

Hi Mark and welcome.

Is there anything in particular that you'd like advice on in the short-term?

Mark :)

[salmo776]

Thank you I have Many varied questions I was pretty much forced into making life changing decisions in July 2005 I had until then worked as a manager for a cleaning company. Thing gradually got worse and I felt I was getting little or no support from The Managing Director in fact what happened was the opposite I was so good at my job that over time he dispensed with all the support below me and my job description changed without notice I began running the whole show with little reward for my efforts. So here I am somewhat confused somewhat excited I formed The Exeter Cleaning Company Ltd and set about obtaining contracts. But oh how I wish I knew more I feel so inadequate in many areas such as payroll and general accounting although I believe I am very good at winning contracts and keeping my employees happy. I suppose it is getting near the time of my accounting period and I am just worrying that I have not paid enough attention. Money as always been an issue and my company was formed with very little I am now averaging 5k a month and business has grown from the start. I have had so much expense that it has eaten into any profit and I believe I have taken slightly more than I have paid myself through my payroll out of neccesaty. I still operate the business and it pays and has paid for everything it has required so far but the worry is the defecit between my payroll and what I have actually taken which may be around £3000 difference. I incur childcare costs and other associated costs which very soon diminish any drawings I make from the company can I offset any of these?
Your slightly panicked
Mark

[epiphany]

Might be an idea to post your question in the accounting forum as some of the people with those sorts of skills might not read this forum

[salmo776]

Thank you for your advice I have now posted this in the appropriate section I am off to bed now night all
Regards Mark

[butterflysmile]

Welcome Mark

Emma

[creacom]

Hiya Mark

Welcome to the forum.

If there is anything I can help you with then just give me a shout.

Jacqui

[tlc]

Hiya Mark!

I can really relate to the feelings of panic. We set up our business 3 years ago and it's just a whole new world isn't it?


I can't be a lot of help with the payroll / accounting queries cos I'm worse than useless at that stuff(!) but if you have any questions about recruitment, HR or training, please let us know.

Good luck,

Rachael
Training & Leadership Coaching

[Michael]

Hi There

welcome to the forum!

If you ever need a free switchboard service give us a shout!

[robertm]

Hi Mark,

I can't help directly, but feel free to use these resources, where you can find free advice and a professional business adviser to speak to, find them at www - nfea - com or you can do it online - small business advice - org - uk, let me know how you get on. Good Luck

[icaconsultants]

Welcome to the forum

[MartineAlexander]

Hi,

Welcome to the forum!

Martine
Personal Image Consultant for Men & Women

[Free Line Rental]

Hi Mark,

Starting a business is always nervy. You have done the hard bit and lasted the first 6 months WELL DONE.

As with most businesses fixed costs will be a killer along with cash flow. I run an independent telecom company and may be able to help you with reducing your fixed costs and cash flow. call me if you wish to talk.

Good Luck

Paul
No1 Ltd
0845 225 8222