Recent content by chalkycheese

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    Selling business division of sale

    Hello, I am currently selling my business over a period of time to the current manager and I wonder if anyone can advise me on the best way to apportion the sale ? There is catering equipment, goodwill and stock at value is separate. I would just like some suggestions on apportioning the...
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    Voluntary Insolvency

    Thanks for your reply. No individuals or companies are owed money. However, I am interested in an unbiased answer to the question, which hangs on the definition of the word "attend" as your reply is an opinion.
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    Voluntary Insolvency

    Hello, Does anyone know when cooperating with the liquidator whether I am legally compelled to physically attend his office. I have been responding by letter, but feel very disinclined to attend as I have ben so stressed by the whole situation that I really feel I cannot cope with any more...
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    Voluntary Insolvency

    Thank you very much for your extremely helpful reply. The money that set up the unit that was sold was all personal money, as incorporation had not taken place at that point in time, then further personal money was put in, but the business was unable to pay me a salary for over a year, or...
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    Voluntary Insolvency

    Thanks for your speedy reply; I think he may try to suggest that the money from the sale should have been paid into the company that was later liquidated and that he will attempt to make a claim on that basis. Do I understand correctly that he would have to prove wrongful trading, in order...
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    Voluntary Insolvency

    I put my company into liquidation in March this year and did everything I was told to by the IP, leaving all documents and goods in the business site, filling out statement of affairs, attending creditors meeting etc... He is now wishing to have a meeting with me in regard to the whereabouts...
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    Insolvency question

    Thanks for reading it; I will re work it . The whole situation was very complicated !
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    Insolvency question

    Hello, I put my Ltd Co (Company no1) into liquidation in March this year. In the previous October I accepted an offer on one of the 3 cafes we were operating at the time. The set up of this cafe was paid for out of personal funds, the ltd co did not exist at this time. A separate ltd co( No2)...
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    Large VAT Error Discovery

    Hello Spongebob Thank you very much for your reply. I have taken specialist advice from several people and have finally settled on an IP that I feel comfortable with. Some of the professional advice is conflicting /grey, it has been a bit of a minefield. I no longer have a house and have very...
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    Large VAT Error Discovery

    Thank you for this reply,very helpful.
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    Large VAT Error Discovery

    Hello this is a question related to the above thread. We are the subject of a tenacious investigation by HMRC over our VAT calculations on takeaway/eat in food. They are claiming we owe them 90k in underpaid VAT, a crazy amount that would have meant that our gross takings would have to have been...
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    Change of leaseholder or legal entity.

    A business advisor has suggested asking the landlords if they will transfer the lease to another party, as a sole trader. we have someone willing to take it on. Does anyone have any views on this ?
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    Change of leaseholder or legal entity.

    Many thanks, this is most helpful.
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    Change of leaseholder or legal entity.

    Thank you very much for this last reply, it's very helpful. The last thing we want is to loose this site/ use it as a dumping ground for debt, on the contrary we are trying to protect it and the employees, but I understand the landlord will want additional security and don't have a problem with...
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    Change of leaseholder or legal entity.

    Thank you for your virtuous comment, l'll bear it in mind
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