Recent content by JDX_John

  1. JDX_John

    Ownership of fixtures when outfitting a building?

    Well it didn't have plumbing, the business did a full rewire as well as installing bathrooms, all new windows and doors.
  2. JDX_John

    Ownership of fixtures when outfitting a building?

    Firstly, the basic question.. if a building owner leases a building to a business who then fits it out - maybe stud walls, fitted units, electrics and plumbing, a new door... who owns all that stuff when they leave? I will imagine the basic answer is "whatever the contract says" but is there a...
  3. JDX_John

    Can my small my business diversify to do totally different things?

    I have a long-running Ltd in good standing, through which I provide consultancy services. I'm the sole director and there are no employees. There are one or two side projects I am considering that are in totally different fields, and I don't want the paperwork/cost of running multiple companies...
  4. JDX_John

    Company valuation methods and dispute

    Thanks, I really want to avoid court (we both do I'm sure) but we are not on speaking terms. Sorry you had a difficult situation yourself, must have been tough.
  5. JDX_John

    Company valuation methods and dispute

    That's an interesting point. When the accountant discussed her reasoning for not using NAV, they argued this was partly because the company has a significant cash in the bank in retained profits. Doesn't that increase rather than decrease the value - it's literally cash sat there which could be...
  6. JDX_John

    Company valuation methods and dispute

    Thanks for this. The question I still have though is, how can you realistically value a company significantly less than its cash assets in the bank? The worst case is you asset-strip the company, cease trading and wind it up. That would have some associated costs but if I offered to sell you a...
  7. JDX_John

    Company valuation methods and dispute

    She's not buying anything, regardless of share ownership the business is part of our matrimonial assets. I'd transfer shares to her and resign, but as we decide who gets what the valuation of the business obviously affects that... our house is worth X, the business Y, our savings and pensions Z...
  8. JDX_John

    Company valuation methods and dispute

    I wouldn't quite put it that way but I guess that's the rub of it, cynically speaking. Nobody wants the company to cease trading but if I have £100 in my wallet, I can't realistically claim it's worth £80?
  9. JDX_John

    Company valuation methods and dispute

    We've agreed that she'll have the business in its entirety as part of our settlement. Her accountant did provide both valuation figures in an initial email but the NAV one was put on her "asset declaration" form and I agreed this was reasonable. I had no further communication about it until I...
  10. JDX_John

    Company valuation methods and dispute

    My spouse and I own a small educational service business which employs a handful of people and has turnover ~100k. We need to have this valued because we are in the middle of a divorce. Initially a simple net assets approach was used which I was quite happy with - the business has little in the...
  11. JDX_John

    Company share structure advice?

    It's the reason we set up different classes in the first place... So short answer is yes. We're waiting on the accountant to get back to us on the question with their thoughts.
  12. JDX_John

    Company share structure advice?

    My wife and I set up a business together (a nursery/pre-school) as a Ltd company about 3 years ago. We are both directors but I am only involved minimally on the financial side and have nothing to do with managing the business or working at the school while my wife is the manager full-time. We...
  13. JDX_John

    Payroll services and Freeagent/Xero

    I think they want to move us to Xero because it does payroll better than FreeAgent (which lets you do payslips but I don't think really has much payroll functionality). Which sounds like even if we used 3rd party, switching would be preferable so everyone is using the same too? We're talked...
  14. JDX_John

    Payroll services and Freeagent/Xero

    We started a B&M business 2-3 years ago initially with us as directors and one employee, with our accountant doing all payroll stuff as well as the core accountancy (we do payments, they generate all the payslips and pension stuff). As a very small business they recommended FreeAgent which...
  15. JDX_John

    Furlough conditions

    You could be right @IanSuth though it seems to come from all different angles. At one point everyone was keeping their kids home, at another point we had more because playgroups weren't running and parents were desperate for their kids to have contact with other kids.
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