Recent content by Langy03

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    Agency contract question

    Our Ltd company has signed an agency agreement with a company with a monthly retainer. We have been working for this company for almost three years. We want to give them notice, which is three months. After we leave this contract, we cannot work for a company with a competing product for one...
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    Intellectual Property Question

    Four years ago I saw a product and discussed importing it with the creator. Four years down the line, the creator has done nothing with it. It has never been sold anywhere. I have recently found out that the registered name has lapsed in the two countries it was registered in. I still think it...
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    Resigning as director and secretary

    You will not be surprised that there was no shareholders agreement. I have given them the letter of my resignation as Director and Secretary. In the same letter, I told them that I was relinquishing my 20% shares in both companies. I have de registered myself as Secretary and Director on...
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    Resigning as director and secretary

    Can I also renounce my 20% shares in the same resignation letter?
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    Resigning as director and secretary

    I am the only director and secretary of a Ltd company. Due to refinancing, I (shareholder 1) now only have 20% of the shareholding with shareholder 2 having 20% and shareholder 3 having 60%. Shareholder 2 and 3 have decided that they want to do a deal with a third party to take over the...
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    County Court questions

    HI, I made a contract with a supplier (CH) who gave me 7 days to retract if the software did not work. Within those 7 days, we agreed over the phone that the software was not suitable for our use and that he would cancel the contract. He also gave us the contact details for a different software...
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    Shareholder refusing to play ball

    My personal credit rating is shot to pieces as I have not been able to pay myself for the last 18 months... Nobody will lend me any money. Just a thought, as is decision not to play ball is putting the rescue package in jeopardy, could he be sued by other creditors if the rescue package falls...
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    Shareholder refusing to play ball

    My company is in dire trouble on the brink of insolvency. I am majority shareholder with 80% of the shares and all the personal guarantees given to various antities in my name. Another 20% of the shares are owned by a somebody who did not pay for them but got the shares given to him for his...
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    Insolvency and EFG loan

    This is certainly food for thoughts and the contract is coming out tomorrow to check the small prints or have the small prints checked by somebody with the right knowledge.
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    Insolvency and EFG loan

    I am in an industry that does well at Christmas and a few months before. I have no equipment apart from a couple of computers and an old laser printer. The premises are leased but I am yet to sign the lease as solicitors have been squabbling over small prints. Mine is on a fixed fee..... I am...
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    Insolvency and EFG loan

    EFG is the small firm guarantee loan scheme from the government, 75% of the loan is guaranteed by the insurance I pay on a quarterly basis. The remaining 25% are guaranteed by me personally. I am already factoring my invoices. My business is very seasonal and I am in the low season right now...
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    Insolvency and EFG loan

    I am in trouble.... My business is just about breaking even for a couple of month now and that is if I do not pay myself a penny. My cash flow is appalling though. I can't afford to put any more money in. I am behind with HMRC and only owe one supplier. I have spoken to this supplier who has...
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