Recent content by Brin

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    Advice On Closing Down With £50k Debt

    Probably just got a life outside of business! If he does anything as aresult of the hodgepodge of posts we have seen here, he is a fool. He needs proper advice.
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    Advice On Closing Down With £50k Debt

    Since starting my reply, I have seen various other replies, all of which miss the point. Before you do anything, you need to know what your starting legal position is (both for the company and as an individual), you then need to consider in detail what you want to achieve and then you need...
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    Advice On Closing Down With £50k Debt

    I am a Licensed Insolvency Practitioner ('LIP'), I have done this for a living for 20 years, so you should probably listen to me. You need to take advice from a LIP. Pick up the Yellow Pages, pick up the names of three (all offer a free initial consultation) LIPs. Go to see all...
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    Liquidation & Redundancy

    Kimrummer, my previous comments still apply, don't waste our time here on something that is not relevant to this person's problems, especially something that was so long ago. Deal with such things through the proper channels, not continue whingeing, setting out Sun headline quotes with...
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    Liquidation & Redundancy

    Fair comment about discussion. But people who make claims that have not been, nor will be, proven should be shouted down. It is highly dangerous for people reading this post to rely on that guy's version of the situation. The comment that I was making is that he should either prove...
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    Liquidation & Redundancy

    The fact is you did not have the confidence in the setrength of your claim to either complain to the governing body or take it to court. Again I say that you probably had no proper claim, the IP may have paid a nominal amount to remove a thorn from his side but after all, two years of whingeing...
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    Liquidation & Redundancy

    Kimmrunner I take exception to your comments about IPs. I suggest that you learn the law and guidelines that IPs have to comply with before commenting on what is a highly regulated profession. If you have specific complaints about an IP, then report them to that IP's licensing body, not...
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    When does a Ltd company need to cease trading?

    I would take a very practical course here. I am not a lawyer, and you could waste an awful lot of money trying to pursue what is clearly a rogue through the courts, he will always be one step ahead of you. I suggest that you tell the MD that you know that he has been paid the cash and that...
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    Potential Value of a Company?

    Small businesses are very difficult to sell. Often the goodwill in the business lies more in the owner than the business itself. For investors, the purchase of small businesses is very risky: more purchases fail than ae successful. You may find that your business may not be saleable, it may...
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    Limited Company Credit Rating

    The SFLGS is not appropriate for the financing opf one vehicle. Don't bother trying, you will only look silly in the bank's eyes. You may not get finance at all for the vehicle: you have an embryonic business trading through a limited company that you can shelve at any time, with no credit...
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    When does a Ltd company need to cease trading?

    When a company is solvent, the directors have to manage it's affairs for the benefit of the shareholders, looking after it carefully as if they were trustees. When a company becomes insolvent their duties change. This is because they are no longer 'playng with the shereholder monies, they are...
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    Buiding Contractor Invoicing & Debt collection

    Your brother would spend his time and effort better by only dealing with customers whom he knows, has dealt with for years, are financially viable, and whom he trusts. Sure, get the paperwork right, but at the end of the day, the building industry is full of people who will take advantage...
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    Advice on funding greatful.

    Internet retail ventures are difficult to fund. How do you intend financing your product supplies?
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    Buying Businesses

    There is a book by a guy called Mark Blayney on buying businesses. Very readable, highly practical. It will save you an awful lot of time, effort and money.
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    Insolvency & Bankruptcy

    I don't think I have ever been so popular! Thanks for the welcome. And yes, we are a nation of borrowers compared to our neighbours!
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