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Crafting a letter to express interest in buying a business
Hi, Id like to approach buying a business in a particular sector and intend to send an email to owners of a few companies. Can anyone give me some pointers of what to include / exclude/ length of email. As a business owner what would make you take notice of my email? I’ve tried to find a template online but they’re mostly…
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Chase a New Company for the Debt of an Old Company
I can go into more detail if people want but this is the gist. I took a company to court over parking fines they racked up on a car that was in their possession and should of re-registered to themselves. I won the small claims court case and instructed the bayliffs to execute. They went to the property to be told that the…
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Issues with Euro payments into HSBC UK "Global Wallet"
Hello, I'm a contractor and am losing my mind trying to get paid for a Euro client that I'm working with, for reasons that I can't quite grasp, so I'd really appreciate any help! Here's the context: - I contract through a UK based Ltd company that is UK VAT registered. I use HSBC UK for business banking. - The placement…
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Franchise Advise - Is This Fair?
I've been working for a small company for a few years, managing most of the operations, including sales, client calls, and conversions. I'm employed with a good salary and a bonus structure. Now, there's an opportunity to branch out and open my own franchise nearby. Both the owner and I are confident that we can scale the…
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Help Needed With Motoring Expenses
I'm a sole trader and my car is used partly for private and partly for business use. At the moment I am using 45p/ mile for business mileage, but having looked at recent figures I would be much better off using the actual costs and apportioning them for the percentage of business mileage. Am I free to change the system…
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Raffle Rules
I have organised a raffle for a charity I’m a trustee of. I have the licenses required, and tickets are on sale. Having been out trying to push tickets, I am now concerned that I won’t get the volume of ticket sales to justify the draw and cover the costs. I can’t find what the rules are around this. Can I not go the draw…
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Possible non-paying client
I'm a plumber that was asked to do a job for someone that Ive worked for around 10 times over the past 15 years or so.They asked me to quote to replace a toilet so i gave them my quote verbally when i went round to assess the job, they accepted the quote then asked how long it would take, i said could take a couple of…
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£45,000 BT Bill?!
e have a small business have been with BT over 20 years. Secretary renewed mobile phone contract last year. Nothing explained about roaming so just ticked a box. Went on holiday to morrocco. We received a tx on both of our phones upon landing in Morocco with the amounts we would to be charged. But no option to upgrade. We…
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First company car
Have owned a small business for many years, but never had a company car. I drive a small company-owned van, and we have a personally owned car for my wife. Am considering buying a used car on the company, but struggling to find out the likely cost implications. The reason for considering this is to avoid having to fund the…
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Huge change of price and terms 2 months into buying 12 months service with an American company
Hi :smile: As topic title, I will explain : At the beginning of September 2024 I bought a software service plan that my commercially available app uses relating to an AI product from an American company which shall remain nameless (for now). I had the option of $100 per month for their services or $50 per month if paying…
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Unincorporated Association - Business Rates
Hi I am the treasurer for a radio control car club. Our members pay an annual membership fee and a race entry fee. We have access to an outdoor track which we pay to use. We do not make a profit all monies go back into the club. The local council is trying to pursue us for the payment of business rates. I have tried to…
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Limited companies and labour's autumn budget...
I'm sorry if this is in the wrong forum, I was thinking about posting in the general tax forum but thought it would be more relevant for people here in the small biz forum. I'm sure we're all holding out for the dreaded autumn budget changes on 31st October and how this is going to affect those who take most of their…
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Which business bank account?
Am tempted by the Natwest account as it is free for two years and includes accounting software. My main personal account is also with Natwest so would all be in one place. I do have a second account with Monzo but unsure on their business offerings. Have also seen tide come up a lot but I know nothing about them. What…
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Sole trader HMRC checks
…….&:342yu
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Best Business Bank Account for New Business Startup being paid in Euros
Hi, I'm setting up a new limited company in the UK consulting for a business in Europe who have agreed to pay me monthly in euros. Rather than opening a business bank account and the having said bank use it's own unfavourable exchange rates whilst attracting possible transaction fees converting euro's to pounds, can anyone…
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Ltd Company Insolvency Cost
Hi All Does anyone have any experience of Ltd company insolvency and how much it costs? Most likely will raise £10,000 through selling assets. Have a £13,000 loan owed and a Personal guarantee on some equipment of around £36000. Can the £10000ish from assets be used to pay the insolvency costs or do I personally have to…
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Insurance query
Still haven't found the answer to my insurance query. I run a small CL Caravan Club tourer site and have domestic and business rates as the site is deemed separate to my dwelling being on my field. My query is on insurance, I already have insurance for the business but am having trouble getting quotes for my home. My…
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Business failed- guarantor for Natwest O/D
Hi, My other half ran his own business for 7 years and had an overdraft with Natwest. The business unfortunately is not viable and he has closed it and is now working a minimum wage job. His business overdraft, in the company name, is with Natwest. They have closed the account and stated that he is personal guarantor for…
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Am I still liable to pay?
Hi,Ill try and keep this simple. Ill use initials for the companies for privacy. I recently bought a business in May of this year. The card machine I use was through a company Ill call CS. The processing side is through a company called TP. The contract for CS was signed for a renewal of 36th months in 2022. (Not by me) CS…
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Bank of Scotland starting to charge for Treasurer's / Association Accounts
My street self-governs and maintains the common areas by way of a small residents' association who set annual fees and collect payments from each house to cover costs. We've had a Bank of Scotland Treasurer's Account for over 20 years, and have received notice that they're changing us to a Community Account. With this…
