Recent content by ANOTHER REBEL

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    Rule in Claytons Case

    If you are owed money from a connected company, that will probably go into liquidation, and the debt is a mixture of Inter Company Invoices for work subcontracted, Inter Company Loans and Disbursements paid on behalf of the other Company do you have to set off monies received in any particular...
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    Winding Up A Company

    As promised, I am reporting the outcome of the Winding up Petition. A petition was presented on the grounds "that the company was insolvent, and that it was just and equitable to do so". The petition was supported by another creditor. The hearing has taken place, and was not defended, and...
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    Winding Up A Company

    You are arguing about semantics. "A director cannot be "struck off" but he/she can be disqualified under the Company Directors Disqualification Act 1986 if he/she has been guilty of misconduct. Disqualification means that a person cannot be named as a director or even act as a director of a...
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    Question on VAT for EU sale but product imported from China

    Sorry but I don't understand the question. There invoice will therefore have no vat on it for the customer to claim back. Probably, but he will only pay and claimback once. In any event the net result will be the same, what he pays he claims back.
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    Currency Market Update 12/10/10

    I will need to exchange Euros to Sterling by end of March. Hindsight is a wonderful thing, I should have done it last March when the Euro was worth 91p. In the past always took the ruling rate when the funds received, this year I gambled, and am currently loosing out. I know nothing about...
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    Currency Market Update 12/10/10

    How about some predictions about where the Pound will be at the end of December and end of March. My betting is it will reach parity with the Euro at some point in next 6 months.
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    Needing to delicately let an employee go!

    Will this person be replaced by someone else?
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    Winding Up A Company

    How about 1) Paying himself an illegal dividend (The company has no accumulated profits, and has never paid CT. The other shareholders have not received a dividend, although between them the hold more than 50% of the shares. 2) Granting loans to another Co. he controls. 3) Taking out money as...
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    getting work done in exchange for equity in startup ltd company advice needed please

    You may believe it is a new and original idea, but I doubt if there is anykind of website that has not been done by someone somewhere. If a Webdesigner builds one to the Clients instructions, it is the Client who has to face any possible legal challenges and claims. This could well make them...
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    Income Tax Allowances

    My brother is currently working in Gibraltar. Due to the downturn in the UK construction industry he was forced to find work elsewhere. He is renting a flat in Spain and has 20 miles to travel to work. He earns 50k approx which is taxed in Gibraltar. His wife and 2 children still life in...
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    My Stand Is Locked Inside A Companys Office!

    If the company has gone into liquidation, the name and address of the liquidator should appear at companies house. Look up the company on Webcheck
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    Sacking a director.

    The reason for my questions, was to find out how feasible it would be to have a rights issue, which if he did not take up would dilute or reduce his % shareholding. Perhaps a better option is for the three of you to set up an new company. Call a shareholders meeting and pass a motion to sell...
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    Property split

    I didn't think you would be bothered. The importance of having it onn the land registry, is so that it shows up that you have a greater % of the property, and is for your own protection.
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    Sacking a director.

    Realistically could he come up with £500 if by not doing so he either lost his shares, or his shareholding of 25% was diluted to 5%?
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    Holidays During Redundancy Notice Period

    How many Employees does the Company have? If over 20 they must have a consultation period. I would assume but stand to be corrected that the 20 employees, include Directors, and anyone else like wives paid through PAYE.
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