Recent content by Naseem M

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    Supplier delivered goods to wrong address

    In the normal order of events this would be true. When people don't want to pay suddenly they 'disappear' and don't answer calls or emails. I will be paying a visit to the premises in the next 24 hours
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    Supplier delivered goods to wrong address

    We certainly emailed them the new address and our supplier have admitted not updating their system. On the delivery the itself there is no photographic evidence, it is not signed for by the consignee, the delivery companies paperwork says the consignee was present but he wasn't there, it was...
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    Supplier delivered goods to wrong address

    Yes we clearly told them to deliver to a different address which they have accepted. they didn't change their internal system to the new address and that is where the error lays
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    Supplier delivered goods to wrong address

    We ordered some goods from a company on behalf of a client of ours and we realised through the process that our client was having some money issues and there was a possibility we would not be paid. We asked our supplier to deliver the goods to us so we could hold them until we received the...
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    Using your own assets to sell business

    Thank you for this advice, that looks far more sound to me. I have now told the buyer he must finance the first payment which takes all concerns from that aspect away from me and any risks from the customers deposits which will now stay in the bank account when transferred across
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    Using your own assets to sell business

    No we haven't - all of the funds we have are all in one account - we know how much the deposits are as we treat them as Income in Advance in Xero accounting software
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    Using your own assets to sell business

    That is how my accountant initially explained it to me. It was then brought to my attention that a buyer could use assets in the company they were purchasing as all/part of the initial payment they were going to make - it would be treated as a loan and sent to the seller's solicitor and then...
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    Using your own assets to sell business

    Thank you for all of your comments which have focused my mind on the reality of what is happening here. i do have advisors in an accountant and a solicitor and my solicitor is ringing alarm bells but didn't always highlight some of the 'what if' scenarios that you have given me here.
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    Using your own assets to sell business

    I am selling a business and I have agreed with the buyer to leave £140 000 in the bank account for the business to continue onwards. They now want me to loan them that £140 000 to buy my business as part of an initial £200 000 payment to me and then pay me another £150 000 after the sale and pay...
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    Selling a business in staged payments

    I am selling a business in a share sale at the moment for £250 000 plus 4 staged payments over one year for a further £100 000 (£25 000 x 4). Is there any reason I will not get Business Asset Disposal Relief in full. i have been an 80% majority shareholder for over 8 years. I have read...
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