defining 'tools of trade' as an asset?

[markthewelder]

Yes folks,
i'm looking for help again here, as i'm damned if i can find the answer anywhere.

Basically, i'm looking to find out which ltd company assets are defined as 'tools of trade' & are legitimately protected from siezure by a determined & greedy ex-wife.

I'm threatened by her to the point that i'm ready to give up here & start again fresh.

I have a van & lots of welding equipment, pc equipment etc, but not sure if they can be seized by a legal person for her benefit rather than that of my 'one man band' ltd company & it's future earnings.

How are 'tools of trade' defined in a ltd company please, for the purposes of legal protection from third party seizure or similar?

thank you
Mark.

[streetslocal]

Legally,
Anything that is essential to your self employment cannot be seized.
That also includes your works van,tools,computers etc.

Also did you say you were a ltd company?

[Cred-X]

If the assets are recorded on the balance sheet of the limited company then wouldnt the ltd company 'own' them and not you personally?
Legally would they not be able to seize goods that did not belong to you?

EG, If I made aloan to a driector of a company and they didn't pay that doesn't give me the right to take goods belonging to the ltd company that the director works for.