Recent content by Trooper149

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    How often would moving registered address i.e. Bank, DVLA, HMRC, etc affect credit rating for mortgages?

    Hi All In short, I am a van lifer who is also a workaholic. As such, I have made and saved a fair chunk of money. This said, the people (my family) who have been administering my mail for my critical admin i.e DVLA, HMRC and Bank, have started getting pushy and trying to pressure myself to make...
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    Does holding the position of Guarantor in a Limited by Guarantee Company, count as an asset?

    Thanks for your experience based response - I am consulting an accountant who has a had legal practice also, so should get some very clear ideas with him.
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    Does holding the position of Guarantor in a Limited by Guarantee Company, count as an asset?

    Guys, thank you for your advice. As stated I am consulting some professionals however I am waiting for responses from them. With this said, I am posting this on a forum to get some second opinions. Please dont scalp me.
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    Does holding the position of Guarantor in a Limited by Guarantee Company, count as an asset?

    This is basically my question/assumption that would like confirmation: does being a guarantor in a limited by guarantee company count as an asset on their personal tax return, in the way that a shareholders shares would? My assumption is they wouldn't as all profits remain in the business and...
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    Does holding the position of Guarantor in a Limited by Guarantee Company, count as an asset?

    Perhaps I will come back to this question later but for now, as the explanation is quite involved, I will say simply: -I personally hold a job role, which is self employed (cant be ltd due to law), high risk (to life of myself and others), in a volatile industry (construction) -as such, despite...
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    Does holding the position of Guarantor in a Limited by Guarantee Company, count as an asset?

    I think you mis read the inference, the first two werent questions, but statements of how the company will run. The bottom section is the question; Cheers for the responses guys: To clarify, the manner in which we would want the company to operate are inclusive of the two following factors...
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    Does holding the position of Guarantor in a Limited by Guarantee Company, count as an asset?

    Cheers for the responses guys: -in terms of structure and debts, in this case, all debts would be carried out under personal guarantee of the director (me) and would not be held against any guarantor unless it was specifically negotiated, which is unlikely -the guarantors would pay £1 (if...
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    Thinking of buy a franchise

    From what I have seen of people who have bought into Fitness Gym Franchises is: dont do it. The franchises typically have a framework of "top down" management and operations methods that effectively keep you in the practical role as an employee despite being a designated "owner". Also during...
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    What have been the hardest Sales and Marketing aspects to grasp?

    From having worked in an array of industries which utilise different marketing methods, I can say that I can give a pretty good insight. In construction for example, heavy use of large, basic and visual physical branding is utilised as well as a certain degree of SEO. In Fitness, there is a...
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    Does holding the position of Guarantor in a Limited by Guarantee Company, count as an asset?

    All Much as the subject inquires, does the position of Guarantor in a Limited by Guarantee Company, count as an asset in the same way that having shares in a Limited by Shares Company, count as an asset? If you have read the other 2 questions I have posted in this forum, you'll understand why...
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    Can the director of a family owned property holding company, live in a property owned by said company?

    Hi all So in short, my brother, Dad and I are looking to set up a family owned property holding company with myself as the director. As the title suggests, if I as a the director provides a personal gaurantee for a buy to live mortgage on a property, purchased through the Ltd company, would I...
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    In a lawsuit, can your SPV Ltd Company directorship be claimed?

    Cheers for the replies. It may seem like that, but ultimately my industry (construction) is full of dodgy characters and situations as there are some that will deliberately put themselves in harms way or cause harm to themselves, if they think they can make a claim/have the resources to...
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    In a lawsuit, can your SPV Ltd Company directorship be claimed?

    A hypothetical question for you: if I was to transfer full owner and director ship to a family member so they could fully "hold" the SPV for me, would the mortgage for the properties under the SPV, still be held against my personal credit rating? As I understand it, an SPV, despite being Ltd...
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    In a lawsuit, can your SPV Ltd Company directorship be claimed?

    Technically, and SPV is a separate entity from a standard Ltd company, in the sense that, if you take out a mortgage or loan under an SPV, then this is held against the credit rating of the owner (even though, you still have the benefit of being shielded by the Ltd status of the SPV). If your...
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    In a lawsuit, can your SPV Ltd Company directorship be claimed?

    When you say "on trust", do you mean held by an actual Trust company or "in trust" by a e.g. a family member? Something I have considered, is just set up the SPV, purchase the property, and then completely transfer ownership to a family member. They would, by all legalities and paperwork, be...
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