Recent content by FlorenceSapphire

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    Dear Graham, I have just emailed you and would really appreciate your advice when convenient for...

    Dear Graham, I have just emailed you and would really appreciate your advice when convenient for you. Warmest regards, Florence
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    Dissolving a Ltd company and starting again under the same name

    Yes, I will be careful. Indeed, ideally it would be dealt with amicably. But I simply can not trust him or his word when he has failed to make agreed payments putting me at risk financially. This is a person who claims to have no money to pay the outstanding amount, yet takes lavish holidays...
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    Dissolving a Ltd company and starting again under the same name

    Thank you for your reply and outlining the above. Is this helpful is solving these issues I am facing? I am after real concrete solutions. He could very well have access to all of these points, and I have always been honest and open to the above. All information is available on Companies House...
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    Dissolving a Ltd company and starting again under the same name

    These types of comments are not necessary with such delicate matters being discussed. Please keep your comments to yourself unless they are constructive.
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    Dissolving a Ltd company and starting again under the same name

    I will have a think about who could mediate. I seems my options are to proceed with demand for payment. Offer to buy his shares, at a later date once the company is in profit or receiving revenue. Take him off the board. Sue for breach of contract. Are their other options?
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    Dissolving a Ltd company and starting again under the same name

    Thank you for your reply. I have spoken to 10 lawyers so far about the case, of which all have said I have strong grounds to sue for damages. They have all quoted me a fee of £450+ per hour for representation. I do not have cash to cover these fees as I have spent all of my savings on the...
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    Dissolving a Ltd company and starting again under the same name

    Thank you for your reply and the link. I have just read this and I really don't want to go about things a backhanded way. I have been nothing but honest in the 5 years since we started this venture, unlike the other Director. I could offer to buy his shares, only, as stated previously, I have...
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    Dissolving a Ltd company and starting again under the same name

    I have written agreements and endless emails as proof (plus his abusive behaviour towards me via email, and social media). Everything is documented. These emails also contain my asking him to pay what he owes, of which is keeps giving a list of excuses as two why he can not pay 'yet'...stating 6...
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    Dissolving a Ltd company and starting again under the same name

    This is an option, however this would be costly I imagine? I have run out of cash.
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    Dissolving a Ltd company and starting again under the same name

    Thank you for your reply. So am I within my rights to dissolve the company on the grounds that we have run out of cash? Register a Newco and purchase the assets at a later date? Or do I need to purchase the assets before dissolving the Oldco. I do not want to be in any unlawful situation, only I...
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    Dissolving a Ltd company and starting again under the same name

    As previously noted, the company has been running on my personal funds for 4.5 years which have now run out. The company has no cash, revenue or profit. I can not afford a professional liquidation. The only 'assets' are the prototypes which are not finished because we have run out of cash. I...
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    Dissolving a Ltd company and starting again under the same name

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    Dissolving a Ltd company and starting again under the same name

    Thank you for your response. This would happen through my own personal savings which I will have to allow significant time to save. Bearing in mind the current company has been operating off of my own personal 'director loans' for 5 years with no cash injection from the other Director.
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    Dissolving a Ltd company and starting again under the same name

    I would like to keep the same name as it is 'my name' and we have had significant press. I could start again under a different name, but where does that leave me with this current company? The grounds for closure and then starting again in the same business and manufacturer but under a different...
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    Dissolving a Ltd company and starting again under the same name

    Yes, I’m well aware of that now. Hindsight is a great teacher. With that being said, where do I stand having shared the above details? Based on the fact our relationship has broken down, the other party is a Director not delivering on our agreements (we do have financial agreements in place in...
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