Recent content by newchallenge21

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    Advice sought on exiting a limited company

    Thanks for all the replies. I am probably going to send a letter, detailing my resignation date etc as suggested, then hopefully this gets a response. Regarding the "have cake and eat it" scenario, I have given almost 2 years notice of my intention to retire from the business, have offered to...
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    Advice sought on exiting a limited company

    Thanks for the reply. I'm not sure I have a shareholders agreement, we set up the business over 25 years ago and a lot has happened since then. I do recall though there being a first refusal clause regarding offering shares to each other first if either of us wanted to sell up. I've looked in...
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    Advice sought on exiting a limited company

    Good morning. Apologies in advance for the long post but I posted around a year ago looking for advice and have now come to the point of no return. I am one of two directors of a limited company, both of us own 50% of the shares. We are still trading but I wish to retire from the business, take...
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    Leaving a Ltd company

    Hi all. I'm looking for some advice regarding the above. I own 50% of the shares of a trading company, turnover around 600k p.a. In our articles of association if one of us decides to leave we have to offer the shares to the other director first. I'm unsure if they will buy them but...
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    Business to sell - Advice sought

    Thanks all so far for your comments, this is exactly why I posted on here. I can see that I need to do some serious thinking about what my best course of action is. I appreciate that just because I have been in business for 25 years doesn't make me an expert on business, I'm just very good at...
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    Business to sell - Advice sought

    Afternoon all. I am looking for some advice on selling my business as I am looking to retire, or at least retire from my current business in early 2021. I realise this is a couple of years away but I just need to get a plan of action in place. Brief details as follows; Ltd Company, 2 x...
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