Originally posted by smileyface
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Selling ltd co
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I get these all the time.
Are they not just fishing around for likely investments with little or no knowledge of what the company actually does? If you were to engage in a conversation, they would quickly close it down because the company, as ours in the majority tend to be, are of little value over and above the assets and bank funds.
Any company value based on formula involving turnover and profit would not apply here.Comment
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Originally posted by simes View PostI get these all the time.
Are they not just fishing around for likely investments with little or no knowledge of what the company actually does? If you were to engage in a conversation, they would quickly close it down because the company, as ours in the majority tend to be, are of little value over and above the assets and bank funds.
Any company value based on formula involving turnover and profit would not apply here.
Every now and then they'll come across someone who is interested and underestimates the value of their company/they can talk down to a low figure relative to net assets.
Bin it would be my suggestion.Comment
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Originally posted by jamesbrown View PostI mean, it's not free money. It's still taxable. But you could claim ER. But then, you might be able to MVL anyway.Comment
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Originally posted by smileyface View PostIt's "free" in the sense closing down gets me nothing (other than what's in the bank) whereas selling should get in something on top of what's in the bank!Comment
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Originally posted by jamesbrown View PostYeah, but I think we both know that free money in that sense doesn't exist, hence all the earlier responses.Comment
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Originally posted by smileyface View PostWhy would anyone be interested in purchasing my ltd co?
We do"Don't part with your illusions; when they are gone you may still exist, but you have ceased to live" Mark TwainComment
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Originally posted by smileyface View PostI know. Just hoping it's something like the dotcom era, when there were stories of people paying millions for a website
A very difficult time to value companies when compared to how the Dragons' Den clearly state how They would wish a company to be valued.
But, still no.Comment
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Contractors aren't businesses, as we all know.
The Revenue could do IR35 just by saying "Show if your company is worth more than the sum of its tangible assets". I might give them a call."Don't part with your illusions; when they are gone you may still exist, but you have ceased to live" Mark TwainComment
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