Recent content by paul anthony

  1. P

    How to clear an overdraft.

    I have a £10000 business overdraft that will be up for renewal at the end of August. I am closing down or selling the business in October. My question is, will the bank demand full payment of this amount in August or will they change the overdraft in to a loan to make paying it back easier. I am...
  2. P

    Is there any value in my shop lease?

    What if at the time of liquidation I didn't owe the landlord any money.
  3. P

    Is there any value in my shop lease?

    As far as the prospective New tenant would be concerned..I would tell them that I would renew the lease with my landlord as I am entitled to do if I couldn't find someone to take it on! In fact I would give it up anyway but they don't know that and the landlord is happy with this approach.
  4. P

    Is there any value in my shop lease?

    I am a ltd business. whatever way the business is closed down I would make sure that the landlord is paid in full (as they have always been fair with me ) The overdraft is the only dept that has a personal guarantee. I believe if I was to liquidate the business I could claim redundancy for...
  5. P

    Is there any value in my shop lease?

    In August my lease expires and I can walk away from the shop. I will have stock left to sell but of little value as our trade is saturated with a glut of product. It is very unlikely that I will find anyone to take over the business as a going concern as it is a declining industry. If I sign a...
  6. P

    Is there any value in my shop lease?

    I would love to sell the business as a going concern it would be nice to leave with some sort of financial reward(after 19years) but it is a retail shop in a declining industry ..fishing tackle..a very difficult trade to make a living in. I thought if I sold the shop lease at a premium it...
  7. P

    Is there any value in my shop lease?

    My shop lease ends in August.I have told my landlord that I do not wish to renew.If I find a new tenant for the shop he has agreed to give any new tenant a full lease from when they take the shop over. With only a few months of my lease left but with the promise of a full lease for the new...
See more
Top Bottom
Community
Articles
Menu