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Company made a profit last year and a loss this year, but there is excess in the company from last year which our accountant has told us we will receive upon closure. We have settled all debts and outgoings but I am looking for advice on the O2 contract on whether to settle to the month of...
William, the company is being closed. Transferring monies or assets to it merely result in them being repaid to us as cash in the final dividend before closure.
All other items in the company that were depreciated in the accounts were sold to myself for a minimal sum prior to closure of the company (laptops, PC's, furniture, phones).
Don't misinterpret here ;) If out of nothing other than goodwill I'll probably pay the amount O2 are asking for, I...
Thanks Charlie, this is where it gets tricky. I probably need to go through the contract carefully - there was an upfront payment for the phone when the contract started so I'm not sure where "ownership" would lie. As far as the number goes, it's a number I've carried for 9 years over 4...
It's with the company, I already checked. Are there likely to be any other repercussions from this (other than my phone being disconnected of course!)?
I presume it won't be possible to keep the number on a PAYG sim or anything... ;)
I am looking to close my O2 Business account. The limited company to which the contract was created with ceased trading at the end of last month and has been folded. O2 are asking for £400 as there are 12 months left on a 24 month phone contract.
I accept I'll probably end up paying the bill...