Best option,need advice

michelle2008

From what I can see here you are financially comfortable. You and your partner had a household monthly income of £5k plus your partners income from her part time work.

After the split you will have an income of Around £4k minus 15% child support so just under £3.5k per month.

Your mortgage must be incredibly large if you would be financially ruined on this income?

danboy775

Sensemaya wrote: »

Danboy

This sums everything up. If I was you I would stop posting all your company details et al and seek professional advice.

At least you don't have to go through a divorce.



You certainly talk cr*ap and like to stirs things up!

yes, your right that post does sum everything up, its too easy to get carried away with all the bullsh1t

yeah, i suppose it could be worse

danboy775

michelle2008 wrote: »

From what I can see here you are financially comfortable. You and your partner had a household monthly income of £5k plus your partners income from her part time work.

After the split you will have an income of Around £4k minus 15% child support so just under £3.5k per month.

Your mortgage must be incredibly large if you would be financially ruined on this income?

no i've already posted that my mortgage plus all associated costs was £1500
besides the point now, i have found out what i wanted to know so this thread is now redundant

michelle2008

Okay. Perhaps you aren't suited to these forums!!

All the best

galangm8

Sensemaya wrote: »

galangm8 wrote: »

This is just not aimed at you.

I have sat here and read all this thread. I think it is an utter disgrace the way the vast majority of posters have treated the OP...and it's not just this OP!

Fancy typing ' she never even done anything to help.....lazy b*itch!!'

Charming. And the OP has directed his ex to this thread too.

Anyway I have PM'd him with some help ( I hope) and if his ex reads this I say she must keep the CSA out of their lives and stick with a private agreement.


Now then I expect the usual backlash to my posting, but hey, I couldn't care less and won't be wasting my time justifying myself to all your people who 'know so much' about the csa :A

So you want to start again tonight Sense

As I said I do not know what you are talking about, yes I know she's a hairdresser, but they still have to care for their babies when dads building up a business, don't they?

I WAS obviously being sarcastic as I was defending the PWC.....and as for not knowing so much about the CSA and what was it
- I talk crap..... it's me who has managed to get £35,000 so far through the CSA and you have received how much exactly?

I do not know what backtracking means and I stand by everything I said regarding OP because that is my opinion.

Sensemaya

galangm8 wrote: »

Sensemaya wrote: »

So you want to start again tonight Sense

As I said I do not know what you are talking about, yes I know she's a hairdresser, but they still have to care for their babies when dads building up a business, don't they?

I WAS obviously being sarcastic as I was defending the PWC.....and as for not knowing so much about the CSA and what was it
- I talk crap..... it's me who has managed to get £35,000 so far through the CSA and you have received how much exactly?

I do not know what backtracking means and I stand by everything I said regarding OP because that is my opinion.

What matters is that Danboy has got the message and won't be posting any more personal details surrounding his business et al and will be, I assume, seeking professional advice - I have supplied a contact for him and he can do further research - to sort his personal problems out.

You are still backtracking...

As for your other responses:

People can read what you have written unless you decide to edit your postings. They can decide for themselves.

I read this forum everyday. If I decide to reply publicly I will. If I decide to PM I will. I think people forget who actually reads this forum.

A lot of CSA websites are not free any more. Take NACSA for instance...Hi Michelle... You know why? The govt got involved. You read the sticky here posted a few years ago? It's all changed. They made things a lot more difficult. They have tightened up.

They are probably reading all this and having a good laugh...plus the lawyers who,quite rightly, are making loads of dosh through govt incompetence. Who can blame them.

And you reply to me about sarcasm and bragging you have received 35K ( to date:beer:) from the taxpayer. Aren't you a clever girl? You wish to exchange figures?

I don't exchange any details on an open forum and I'm certainly not going to exchange Brownie points via PM with you.

But I will say I got the overpayments wiped off the advance payments I had previously received EIGHT years ago...took me 3 years to do it via MP I hasten to add... but I never give up...yeah they scre*wed that up to as I knew they would...but,you know, I came out top there too! Not so the taxpayer...ultimately you and I.

Idiophreak

danboy775 wrote: »

Like i have already said, ceasing to trade would be my ONLY option, that or lose the house.....no brainer really!!

...but you wouldn't lose the house, as we've already established. In fact, you'd keep the house but "only" have £400 left after the mortgage and (incredibly high) bills were deducted. That's hardly the same thing - although I agree it's a no brainer.

danboy775 wrote: »

So you are trying to tell me her share is worth £48K because my company is worth £240k....will put this to my accountant to see what she has to say about this as i had no idea i was sitting on such a gold mine!!
She would get £22.41 per share as that is what the company is currently valued at!!

Dont you think we are getting away from the heart of the matter here, i came on here to get advice and end up going over my company finances with some stranger!!

I get what you're saying, but you must realise that the valuation of your business is somewhat pivotal. If you could *actually* pay her £1100 and get an extra £1k/month in your finances, you'd be stupid not to - as stupid as she'd be to agree to sell it to you for £1100.

I suspect that the way you're getting money out of the business is a little beyond a couple of posts on some forum...I don't know if paying yourself through dividends rather than a salary changes the balance sheet or profitability of the business - and I don't know if this accounts for the low valuation....Maybe it would be possible to pay yourself a salary instead and reduce the dividend to next to nothing....but I've no idea about the legal ins and outs of that...in any case, the way you talk about the company finances gives the impression that something is going on that either you don't know about or don't want to discuss....

To be honest, I find it frightening that you're obviously a very successful guy, but you don't seem to know the first thing about the finances of your business, what it's worth, or indeed personal finances.

Think on the valuation of the business...The first rule, as with a house, is that the business is worth what someone's willing to pay for it....ask yourself...how much would you pay?

If an opportunity came up tomorrow and they said "put some money in and you get £5k per month in dividends" - how much would you be willing to pay for it? I think if you're honest with yourself you'll come up with a number somewhat larger than the £5,500 you think the business is worth.

Sensemaya

Idiophreak wrote: »

You know they are not married. The company can easily go bust and the OP can then set up another Ltd Co? But he is not interested in all that. He is just concerned with the best interests of his daughter.

Idiophreak

Sensemaya wrote: »

Idiophreak wrote: »

You know they are not married. The company can easily go bust and the OP can then set up another Ltd Co? But he is not interested in all that. He is just concerned with the best interests of his daughter.

Can he, though?

I'm no expert in these things, but I'm fairly sure it's not permissible to kill the business and start again, just to get rid of an investor? If you could do that, there would be no investors. His daughters interests don't really seem to come into it...he'd rather see his daughter and her mother go without than only have £400 spending money each month....

galangm8

Sensemaya wrote: »

galangm8 wrote: »

What matters is that Danboy has got the message and won't be posting any more personal details surrounding his business et al and will be, I assume, seeking professional advice - I have supplied a contact for him and he can do further research - to sort his personal problems out.

You are still backtracking...

As for your other responses:

People can read what you have written unless you decide to edit your postings. They can decide for themselves.

I read this forum everyday. If I decide to reply publicly I will. If I decide to PM I will. I think people forget who actually reads this forum.

A lot of CSA websites are not free any more. Take NACSA for instance...Hi Michelle... You know why? The govt got involved. You read the sticky here posted a few years ago? It's all changed. They made things a lot more difficult. They have tightened up.

They are probably reading all this and having a good laugh...plus the lawyers who,quite rightly, are making loads of dosh through govt incompetence. Who can blame them.

I am now totally confused!

And you reply to me about sarcasm and bragging you have received 35K ( to date:beer:) from the taxpayer. Aren't you a clever girl? You wish to exchange figures?


Received from the TAXPAYER??? Please, please explain, one thing I'll give my NRP credit for is 40 years MOD service...£30,000 paid voluntarily £5,000 I racked up GENUINE mistakes the CSA had made and got them to rectify.

Bragging most definitely not, more like ashamed....£35,000 is absolute rubbish to me and my child's standard of living.

Government/Csa whoever you want can read what I have to say..it's nothing they have never heard already, including Nacsa...in fact it was the good old Mr Cameron who instructed CSA Complaints Review Team to rectify 'their' mistake and collect by DEO £5,000. I've got nothing to hide and need to private messaging.