Small limited company Running from home

nickologjam · 13 May 2020 at 11:25AM

neilmondo said:

Thanks Hermann. I have already checked this info several times (and discussed with accountant). Seems like I will only be able to claim the 80% of a very small wage (not reflecting previous dividends) and no grant because the business is not registered for business rates. Tough times.
It’s not just the wages - the company has invested heavily into the 2020 season and will now return a large loss instead of a profit.

We are in exactly the same position as an events company and times are definitely tough for all of us.
When you say invested heavily in the 2020 season, without knowing what capital equipment you have invested in I guess the bulk of it will be pitch fees?
Have you aggressively asked for refunds on fees? This has been an important source of cashflow for us recently.
Aside from that we are very happy that we receive the job retention scheme grant even though it is based on a small wage element. My plan is to get part time work whilst furloughed as soon as it is safe to do so, until the event trade returns.
Good luck.