Recent content by rob900

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    Money owed but with a twist - do we have a valid claim?

    Geoff T Its a good point you raise. The contract was invoiced on a monthly basis, those figures being calculated (wrongly) by us. As the value of the contract varied throughout its term, the calculations varied and became quite complex, and were never verified by the council as I would have...
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    Money owed but with a twist - do we have a valid claim?

    It looks like the HGCR route is the way to go if gentle persuasion and reason dont work. I will raise the invoice first, get it to the council and gauge their response. Thank you for all your advice.
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    Money owed but with a twist - do we have a valid claim?

    Thanks for reply. The contract was servicing and maintenance of Fire alarm and emergency light systems in a variety of properties in the borough. Complications to the contract value arise when 'instructions' were issued at various times during the contract period. These took the form of either...
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    Money owed but with a twist - do we have a valid claim?

    We came to the end of a 5 year service contract with a council in July 2009 (we tenderd for but did not regain the contract)- a year after I started with the business as MD. I had become aware that our contract management had been 'lacking' and on digging deeper discovered that much of the...
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    Legal advice on a technical specification

    Thanks for your reply. Unfortunately no is the answer. IT projects of this type aren't our core business. Obviously what we are looking for is a way of proving that there has been a variation to the original specification as a way of justifying the additional costs involved - but as I said, the...
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    Legal advice on a technical specification

    Hello. Firstly sorry this question is a bit long winded. I have tried my best to keep it as succinct as possible. A small IT project (part of a larger contract our company was awarded in Sept 09) has turned into a large IT project and is causing us some contractual problems. The...
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    Precedent setting in long term contracts

    Thanks for your reply. The story goes that as soon as the alarm was raised (as it were) we immeditely set about trying to correct the issues and have spent the last 6 months gradually trying to get things in order which is inevitably costing us a great deal of time, effort and money. The...
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    Precedent setting in long term contracts

    Good afternoon. I would appreciate some advice on the following issue. I have recently taken over the management of a long term maintenance contract with a London borough council. We are 3 and a half years through the 4 years duration. Early in the contract and well before my time, the terms of...
  9. R

    Stock transfer to a limited company..

    Might it make it simpler if we simply had the shares transfered to the other directors rather than the company. The end result will be the same after the 4 year period - as this is not an excercise is deliberately trying to reduce issued capital but to redistribute it. I'd guess this may have...
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    Stock transfer to a limited company..

    Many thanks for your response. I will follow up your links.
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    Stock transfer to a limited company..

    I would be grateful for some advice on this matter. 40% of our (limited) company shares are held by a retired director - the remainder being held by the other 2 directors. Part of the retiring directors arrangement was that the company would buy back his shares over a period of 4 years - this...
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    Buying into a business

    Mike Many thanks for your reply. Things are moving forward and we now have at least broadly agreed the terms of the buyout. This included a 3 month crossover/handover period which I have now started. I have had 2 suggestions made to me which I would like to air and would appreciate comments...
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    Buying into a business

    Mike Thanks for your response. Some water has gone under the bridge and at the moment the situation is as planned to play out as follows. Currently Directors 1 and 2 own 50% of shares each. Director 2 resigns and sells 20% of his shareholding to me (thats 10% of total). I join company as co...
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    Buying into a business

    Mike Thanks for your response. Some water has gone under the bridge and at the moment the situation is as planned to play out as follows. Currently Directors 1 and 2 own 50% of shares each. Director 2 resigns and sells 20% of his shareholding to me (thats 10% of total). I join company as co...
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    Buying into a business

    You may well be right. Any idea how I might find out what that % age is?
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