Diary of a Poor Person aged 46 1/2

mrscmr

right now i hate everyone [except you guys on here] Blah Blah Blah

after much shouting and stamping of feet [on my part] OH has called and found out that the court hearing has been postponed for monday. there is a meeting with HM Revenue at some point in the next week. AAAAGGGGRRRR!!!!!! i cant put the words on here that i would like to but &*&()&)&)&)&)&)^$$%£%£!

Apparently they have no plan and are going to form a plan during the week. !!!!!! i just dont get it.

i CROSS as the most cross person on this whole planet.

easy

mrscmr wrote: »

right now i hate everyone [except you guys on here] Blah Blah Blah

after much shouting and stamping of feet [on my part] OH has called and found out that the court hearing has been postponed for monday. there is a meeting with HM Revenue at some point in the next week. AAAAGGGGRRRR!!!!!! i cant put the words on here that i would like to but &*&()&)&)&)&)&)^$$%£%£!

Apparently they have no plan and are going to form a plan during the week. !!!!!! i just dont get it.

i CROSS as the most cross person on this whole planet.

No really, the postponement of the court is possibly the best thing, as it gives YOU time to find out EXACTLY what the court hearing is about, and what is likely to be the outcome.

A meeting with the revenue ?? It sounds like the company has not been paying VAT/PAYE/NI/corporation tax then. The Revenue will try to get some payment terms from the company, or if the company is well and truly done for, then they WILL enforce payment liability on the directors. However, HMRC are aware you can't get blood from a stone, and are quite likely to try to negotiate some sort of manageable payment terms (altho that will depend how long this has gone on for, and whether the company has co-operated so far). They do prefer to make an arrangement to get the money, rather than just bankrupt everyone, cutting off any chance of payment.

So all MAY NOT be lost.

Is OH not talking to you because he already knows what's happening, and doesn't want you to know, or is it headless chicken behaviour?

Good luck, my love.

millionaire_in_training

Just caught up on the last few days. Bloody hell mrs. WHat a time of it you are having. No wonder you want to swear. I want to swear for you. IT's so annoying when men do the head in the sand thing. My ex was like that and I don't know how many times I had to save his neck for various reasons. I held everything together and juggled and juggled for years to try and keep going. UNknown to me he had continued gambling behind my back again and then he left me because he was ' fed up hurting me with his actions'. THat was a joke :rolleyes: as 6 weeks later I discovered he had another woman lol. I can laugh now. Reading all the bits that you have written I can't help wondering if your hubby knows more than he is letting on but is so terrified of mucking up his life at home even further that he is deliberately putting his head in the sand. Hopefully not. Just really want you to know that I am thinking of you and wishing you well. Lots of good advice from people so far. You will get through this xx

millionaire_in_training

must have been typing at the same time as easy as she seems to think the same thing as me re hubby

mrscmr

prob is that no payments of ni/corptax/paye have been made so massive bill. however seems a complilcated matter.

OH is a typical ostrich at best of times. now i am checking and double checking everything he says and does - which is bugging him - do i care ??? nope!

still want to swear

kissjenn

mrscmr wrote: »

after much shouting and stamping of feet [on my part] Brilliant - well done you

OH has called and found out that the court hearing has been postponed for monday. Postponed until when?

there is a meeting with HM Revenue at some point in the next week. Again when and who's going and who agreed this?

GGGRRRR!!!!!! i cant put the words on here that i would like to but &*&()&)&)&)&)&)^$$%£%£! Test1cles and meat grinder are good words

Apparently they have no plan and are going to form a plan during the week. !!!!!! i just dont get it. Who is they? Where and when is the plan meeting? What role are you and OH taking? Do you need separate representation if they are breaking away?

i CROSS as the most cross person on this whole planet. We all share the wrath on your behalf. Remeber the old style board - test1cles and meat grinder with a nice tomato sauce will make a tasy dinner for a family on a budget!

Mrscmr imho OH has now lost the plot. He's not thinking straight and someone needs to step in - that's you. You are highly intelligent, business savvy, articulate and organised. Instead of yelling anymore, can you sit him down and offer to take the world off his shoulders...you lead and he'll probably follow.

Where I'd start in terms of trying to sort this out is to work out where you currently are and what the next steps may be. I'd do it by asking the journalist questions - your area of expertise. Think of this as comms problem, you need to explain the situation to a third party who knows nothing of the history or current issues.



Who is involved in this company.

• Who are the Directors.
• Who are the accountants.
• Who are the lawyers.
• Who are the employees.
• Who are the customers.
• Who are the suppliers.
• Who do you owe money to.
• Who owes money to you.
• Who is Managing Director, Finance Director, Director of Operations, Company Secretary.
• Who is speaking to whom. Are there now factions

What do the company and directors do.

• What sector are you in.
• What do you make or supply.
• What is the cashflow, profit/loss.
• What liabilities does the company have?
• What contracts does the company have.
• What personal guarantees do the directors have.
• What is the cost base regarding
  • staff (fixed, variable, contract, full time) ,
  • equipment (owned, leased, depreciating) ,
  • premises (owned, leased, length of remaining contracts),
  • leases (office equipment, software licenses, premises).

When do actions have to be done by.

• Payment of staff wages or redundancy.
• Staff put on notice.
• Payment of Corporate Tax, Employers/Employees NI, PAYE.
• Pension payments monthly, quarterly, annually.
• Private medical cover renewed.
• Life assurance cover monthly, quarterly, annually.
• Car leasing, tax, MOTs.
• Property leases renewed.
• Software licenses renewed.

Where and When are various meetings being held

• Postponed court case – are there papers.
• HMRC Meeting – are there papers.
• Meetings with Accountants.
• Meetings with lawyers.
• Extraordinary board meeting with all directors.
• Daily meetings with all directors to agree plans.

How are communications being handled

• Who is lead contact for accountants.
• Who is lead contact for HMRC.
• Who is lead contact for Suppliers and Customers.
• Who is lead contact for staff.
• Who is lead contact for lawyers.
• How often do Directors meet / conference call?
• Is there a daily morning prayers (early by 9am) and wash-up (about 6pm) each and every day to keep in touch with progress.
• Who is managing meetings, keeping minutes, action logs and chasing for follow-up?
• How often are the impacted staff being briefed. Do they know exactly what’s going on.
• How often are impacted suppliers and customers briefed?
• Who agreed to court date being postponed?
• Where is company paperwork? Home, on site, off-site copies for DR/Business Continuity purpose, electronically, paper.

Business Story (for Court, Creditors, HMRC etc)

• When, where and why was the company formed?
• Who were the key players?
• Who were the main customers and suppliers?
• How did the company grow?
• What were the accounts like, projected cashflow?
• What were the target markets, how were these exploited?
• Why did it go wrong?
• Is there any person, company, legislative change that caused this?
• What is the cashflow and profit & loss like today?
• How much money does the company owe and to whom?
• How much money is owed to the company and by whom?
• What steps have been taken to recover that money?
• What will be the final financial position of the company?
• Can the company be sold or restructured?
• Is there any interest in the company?
• How many people will lose their jobs and what is the financial implication of this e.g. payments still to be contractually made, redundancy for staff.
• What steps do the directors (with financial and legal input) now propose to take?
• What are the expected timescales?

A structure like this may help him think it through logically. You could formally interview him and keep it very neutral - no hidden agenda, just facts and figures.

mrscmr

kissjenn... wow thats one meaty posting... go lie down u need a rest!
seriously though.. thank u !
i know the answer to alot of those points. and some others need resolution.
i know i have to be the grown up here and i am trying .. .my small brain constantly whurling around.

on the job front im registering everywhere and posting cv online everywhere too. whilst ebaying - need more fingers.

thanks i will now absorb all you have written above.

xxxxxxxx muchly xxxxxxxx

savingholmes

Kiss jen that is amazing - MrsC great advice there

crazychld69

Great Advice man you should do it for a living.:)

kissjenn

crazychld69 wrote: »

Great Advice man you should do it for a living.:)

My pleasure Mrscmr...you know where I am.

Thanks SH

And CC if only there were any jobs out there :rotfl:Sentiment much appreciated.