Sole Trader Accounts

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tim123 replied

6 December 2008, 19:58
Originally posted by Cooperinliverp00l View Post

Thought as much...so if i wanted to find out how well a business was doing in the past that isn't currently trading i could only take the word of the person selling it.....sounds risky to me

THanks

Asking about expecting to be offered (and have verified) this information is not the same as asking about "finding out".

tim
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pmeswani replied

5 December 2008, 14:02
Originally posted by TheFaQQer View Post

Particularly if it's related to buying a pub....

Or property management services or Estate Agents.
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TheFaQQer replied

5 December 2008, 12:53
Originally posted by Cooperinliverp00l View Post

Thought as much...so if i wanted to find out how well a business was doing in the past that isn't currently trading i could only take the word of the person selling it.....sounds risky to me

THanks

Particularly if it's related to buying a pub....
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FiveTimes replied

5 December 2008, 12:36
Originally posted by Cooperinliverp00l View Post

Thought as much...so if i wanted to find out how well a business was doing in the past that isn't currently trading i could only take the word of the person selling it.....sounds risky to me

THanks

They must have had a set of books that the accountant maintained. Ask for a copy of these ?
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Cooperinliverp00l replied

5 December 2008, 12:27
Originally posted by pmeswani View Post

As far as I know, being a Sole Trader, you are not classified as a business. If you want to advertise how well you are doing as a business, you need to go down the route of setting up a company rather than retaining a Sole Trader status.

Thought as much...so if i wanted to find out how well a business was doing in the past that isn't currently trading i could only take the word of the person selling it.....sounds risky to me

THanks
Leave a comment:
pmeswani replied

5 December 2008, 12:20
Originally posted by Cooperinliverp00l View Post

what about finding out how well the business they are running has done ??

As far as I know, being a Sole Trader, you are not classified as a business. If you want to advertise how well you are doing as a business, you need to go down the route of setting up a company rather than retaining a Sole Trader status.
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Cooperinliverp00l replied

5 December 2008, 12:17
what about finding out how well the business they are running has done ??
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tim123 replied

5 December 2008, 11:10
Nope, they are the equivilent of an employed person's Tax Return and thus theoretically secret.

tim
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Cooperinliverp00l started a topic Sole Trader Accounts

5 December 2008, 10:27
Sole Trader Accounts

I know a sole trader has to do end of year accounts (or something similar) but like a LTD co is there anyway of viewing them on companies house or some other site. ?
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