Recent content by Gecko001

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    What’s my business worth? Built a tool for UK SMEs — looking for feedback

    Calculating a value of a business is very near impossible. It is only worth what someone is willing to pay for it. There is no one typical business. They vary from say a dentist's practice to a financial adviser, to a small manufacturer, influencer to a Vlogger, to a pet shop. Then there...
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    Bad debt

    Write to the in-laws by all means, but I do not think you should disclose, why you want to see this person in the letter, other than it is a business matter.
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    Shared toilet trouble - funny, but not funny.

    Yes, the problem appears to be a blockage/leaking sewage, somewhere.
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    Pop-Up Shop Premises

    Christmas markets, yes, but Council owned popup shops? I do not think it is their thing? Besides, as has been said, there are numerous popup shops in the private sector in most towns and cities.
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    Setting up a Limited company online

    Good point. So, going back to Ozzy's example of giving your Ltd company a £12K director's loan, and that Ltd company paying the loan off to you at £1K per month, there would be no tax efficiencies at all. You might as well put your money in a savings account and take out £1K per month. At...
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    UK SRT / work travel: how do you prove days in/out of the UK if HMRC ever asks?

    Do you yourself know how many days you have been in/out of the UK? Surely you have some records whether it be in a dairy, or your mobile phone to enable you to work it out fairly accurately.
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    Offering client a reduced amount for quick payment

    You can make a note of what was said at the face to face meeting immediately afterwards, if not at the meeting itself, and keep it in the file. That is a record.
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    Offering client a reduced amount for quick payment

    Of course, you should not harass debtors, but meeting them face to face is not illegal, or is it? I was not suggesting you go to their home if they have an office. Phoning them is not illegal either as far as I know.
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    Offering client a reduced amount for quick payment

    Yes there could be a pecking order. Unfortunately, sometimes banks and other advisers, when dealing with customers who are in financial difficulties, will advise customers to pay nobody but those they "must" pay such as mortgage providers. Unfortunately, some debtors will regard every direct...
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    Basic book on websites?

    There used to be a lot of "For Dummies" books on the subject of websites about 15 to 20 years ago, but there are very few now. I found this one published in 2024 on the "For Dummies" own website, there could be more of these fairly recent publications if you search their website further...
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    Offering client a reduced amount for quick payment

    I would not do that. It will feel to him like a threat and if you do get paid, you will not get what you are owed. An alternative is to suggest monthly payments, say one cheque dated now and three post dated by one, two, and three months. If he refuses, you could ask him for an alternative.
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    Haggling when purchasing a car?

    If you are paying cash haggling, in my experience, is not only acceptable but expected. If they do not budge on price, they will sometimes move on the price of the car you are trading in.
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    How do you handle paying overseas suppliers?

    I know you are the customer, and vendors cannot be too picky as to what payments they will accept, but they usually still can have a say in the matter.
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    What do businesses do with their long term cash reserves and profits?

    Having surplus cash is the way to go. It means that you have more choices you can make. It can save on expenses for a start. Even for simple expenses like insurance, paying the full amount means that you do not have to pay over the odds for monthly payments. Being able to pay on time...
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    Drone advice

    I went to a seminar on new technology in the bulding design sector, about five or six years ago. One of the speakers had a drone company. He called himself a pilot and wore a shirt with pilot epaulettes! It was not a stunt and many in the room perhaps thought he was like that guy in the film...
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