Best option,need advice

danboy775

kevin137 wrote: »

Worst case scenario for who..? It is comments like this that make you come across as someone only interested in the financial side of things and keeping your costs down.

I am not saying that is what you are doing, but that is what it sounds like. Does that make sense...?

of course i'm interested in keeping costs down and the financial side of things because if she were to continue receiving dividend plus getting CSA involved it would leave me unable to keep the house which i'd have to sell.

At the end of the day a £1000 child maintenance payment and being left with no debt is a good deal. She works 16hrs a week so would be entitled to tax credits. Of course she is entitled to a dividend payment, i'm not disputing this but as i have said in previous posts but my point is i couldnt continue this as i would go broke, then the business would fail anyway. Leaving us where.

The feeling i'm getting is that most people on here thinks if you can get it then take it, take everything you can. Screw each other out of every penny possible just because you can!!

kevin137

So 250 shares @ £22.41p Valuing the company @£5602.50p

And the turnover for the company assuming that the value is around the 15 x value of earnings, means the company earns what exactly...?

Now the value of a company is only what someone would pay for it... I understand that, but if a company has a dividend of £4-5000 a month then it is earning in excess of £50,000 profit a year after running costs... That share value does not hold weight...

To be fair, what do you do if she sells her shares to someone else and then comes after you for CS...???

Just a question...? I mean she doesn't have to sell to you surely...?

FBaby

danboy775 wrote: »

The feeling i'm getting is that most people on here thinks if you can get it then take it, take everything you can. Screw each other out of every penny possible just because you can!!

Where do you get this from? I stated that you should try to come to a fair arrangement with your ex. My ex has always been very reluctant to pay any maintenance for our children, yet in the 8 years since we separated, when he has either paid nothing or an amount much lower than what I would have received via the csa, I have never gone via the csa. Not all pwcs are up for all they can get.

Are you expecting your ex to get you for all you can? Was your plan to convince her that by getting less from you, she could claim more from the tax payers and therefore be better off that way?

danboy775

FBaby wrote: »

If your first post had said that you were feeling aggrieved to the fact that you could potentially have to pay £500+ in maintenance in addition to £1,000 a month from dividends of a company your ex did nothing to build (assuming that is true), I would have sympathise completely. Indeed, it's a lot of 'free' money to receive.

The fact is you turned it around to make it sound like you really wanted the best for your ex, which clearly is not so much the case.

I do understand your incentive to dissolve the company. I also wouldn't want my ex to get free money each month from my hard labour. At the same time, investments are what they are, high risk, easy win (after all, if the company was in debts, she would be liable for these too through no fault of hers).

I can see how this may sound to some people, but its true my ex has had 0% input to my company other than being secretary on paper and a shareholder that is as far as it goes. And your right it is a lot of free money to receive, as i've said before that money came into the house and paid bills, put food on the table etc that is no longer the case anymore


Even though we are appart i still want her to be ok, and be able to provide and do things with my daughter, if i pay her debts off and she has £1000 a month that is a decent ammount by anybodys standard.

I dont want to disolve the company but i'd have no option, either that or lose the house and fall into debt

danboy775

kevin137 wrote: »

So 250 shares @ £22.41p Valuing the company @£5602.50p

And the turnover for the company assuming that the value is around the 15 x value of earnings, means the company earns what exactly...?

Now the value of a company is only what someone would pay for it... I understand that, but if a company has a dividend of £4-5000 a month then it is earning in excess of £50,000 profit a year after running costs... That share value does not hold weight...

To be fair, what do you do if she sells her shares to someone else and then comes after you for CS...???

Just a question...? I mean she doesn't have to sell to you surely...?

that is the ammount given to me by my accountant, as per last accounts

FBaby

Then you really need to talk to her. If will really be for the benefit of your daughter if you guys can come to some compromise and avoid conflict. Unfortunately, disagreement with money can very quickly end up with disagreement about everything else and it then becomes harder and harder to get out of the cycle.

Has she shown any inclination that she was expecting to continue to receive the dividends and child maintenance as assessed by the csa?

danboy775

FBaby wrote: »

Where do you get this from? I stated that you should try to come to a fair arrangement with your ex. My ex has always been very reluctant to pay any maintenance for our children, yet in the 8 years since we separated, when he has either paid nothing or an amount much lower than what I would have received via the csa, I have never gone via the csa. Not all pwcs are up for all they can get.

Are you expecting your ex to get you for all you can? Was your plan to convince her that by getting less from you, she could claim more from the tax payers and therefore be better off that way?

not directed at you, just the feeling i get from reading some of the posts.

No i'm not expecting her to be like that, she's not like that. But you never know do you.

danboy775

FBaby wrote: »

Then you really need to talk to her. If will really be for the benefit of your daughter if you guys can come to some compromise and avoid conflict. Unfortunately, disagreement with money can very quickly end up with disagreement about everything else and it then becomes harder and harder to get out of the cycle.

Has she shown any inclination that she was expecting to continue to receive the dividends and child maintenance as assessed by the csa?

we are still talking, i emailed her when i made this thread and gave her the link, i'm not trying to hide anything or get one over on her. Thats all i want, to come to an arrangement, meet in the middle somewhere.

Idiophreak

danboy775 wrote: »

that is the ammount given to me by my accountant, as per last accounts

Has your business increased exponentially since the last accounts?

I think you really need to help us understand:

1) Why a company that pays such a good dividend to a 20% shareholder is only worth £5k.

2) Why paying CSA on top of the dividend is untenable for you, given that you, presumably get around £4k/month out of this business....

To be honest, those two questions combined make the whole situation feel more than a little fishy.

galangm8

danboy775 wrote: »

are you for real, a f*****g scam!!! you call a family splitting up a scam!!!
For your information i am the one who has got my business up and running, nothing to do with my ex, she has merely had to sign the odd peice of paper now and again.
So where do you suggest she go if according to you she shouldnt have to go back to a council house? just go out and buy another one.....get a grip!!
If you got all the facts, she works part time so she is ENTITLED to claim tax credits or whatever they are called nowadays to support her meagre part time wage, the money i provide is to bring up our DAUGHTER not for HER to live on..
Your just another tw@ jumping to conclusions and making ridiculous accusations........

Wooooowwww here's the real you coming out! :eek:

Your'e taking that sort of stance with a complete stranger, when you are the one who said you are going to pay thousands here, thousands there just to make sure your ex and YO~~UR child are 'looked after'...and now your your loosing your rag with me....what will happen when ex falls in love with Mr blah or you fall in love with Mrs blah....knew it was too good to be true, wouldn't like to be on the end of that...