Recent content by SkylarPat92

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    Business Buyout With Little Capital

    Thanks guys for the input. I think there will be no problem selling this business for asking price as soon as it goes to public. I am just getting first refusal. So i don't believe there is much room for negotiations. I will ask the question about "paying up" but i don't think that will be an...
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    Business Buyout With Little Capital

    Hi, I get on very well with someone in the same industry as me, but in a neighbouring town, so we aren't direct competition. They are about to move to Australia, and have approached me about buying their business. I have looked over their finances and they are very profitable, even more so...
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    Is it Blackmail?

    Sorry, when i said Long Story Short, i really did mean short. Liquidate, buy assets and restart the business again with me being sole shareholder. After speaking to insolvancey experts, it seems the quickest and easiest way to go. However, i'd far prefer to buy the 50%, which is why i was...
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    Is it Blackmail?

    Long story short, i need to get out of the toxic 50/50 ownership with my business partner. They aren't willing to sell, and i am not willing to hang around as they drag the business under! I am going to make one last effort to buy their 50% otherwise i am going to liquidate the company so that...
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    Ltd Company Breakdown Between Directors

    "Funnily" enough, another evening of missed appointments and group sessions. This needs to end! I am going to get an official offer, from my solicitor, for her 50% tomorrow and hand it to her. It would be a case of "accept this offer or i'll call in my loan, which will lead to liquidation"...
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    Ltd Company Breakdown Between Directors

    No formal/written agreement, but the Spa is making monthly rental payments
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    Ltd Company Breakdown Between Directors

    Many thanks for everyone's responses. It has helped just getting it all off my chest to start with! I have a couple points, please instruct if i am wrong at any point.... 1. Both directors are the only creditors of the company, myself at £50k and her DLA is at £15k. The company is still...
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    Ltd Company Breakdown Between Directors

    Everything that was financed, has now been paid off. The repayments were made from the business account and are regarded as business assets. Approx £30,000 in business assets
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    Ltd Company Breakdown Between Directors

    Hi Lisa, Appreciate the reply. I did think about that, but i would lose my £50,000 directors loan if we went down the liquidation route. Money I can't afford to lose out on.
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    Ltd Company Breakdown Between Directors

    Hello, My friend and I incorporated a Health Suite/Spa back in early 2021. The shares were split 50 / 50, so we have an equal stake in the business. Initial deal was; I find and buy a premises (through my property Ltd company, of which I am sole owner) as well as finance the majority of the...
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