Welsh Government Assistance

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WTFH replied

29 April 2020, 14:14
Originally posted by PerfectStorm View Post

The trouble with this "I don't own all the shares" stuff is that, so often, the other shareholders duties are based around hoovering the first director's carpets and cooking the first director's tea

Not saying that's the case here, but if it is...

Exactly.
If there's 1 director, 2 shareholders, but the sole director is the main shareholder and the other shareholder is their husband/wife, then while some might argue their position within the company, I'd hate to have to argue it with the authorities.
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PerfectStorm replied

29 April 2020, 13:37
The trouble with this "I don't own all the shares" stuff is that, so often, the other shareholders duties are based around hoovering the first director's carpets and cooking the first director's tea

Not saying that's the case here, but if it is...
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WTFH replied

29 April 2020, 12:48
Originally posted by David71 View Post

I'd say if you hold 100% of a limited company shares you could be seen as owning the company, but as only one shareholder, amongst others, I don't think I am. If I hold some shares in BT would that mean I own the company?

It would mean you own part of the company, or you could say you own a share of the company.
How many directors does your company have?
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David71 replied

29 April 2020, 11:32
Originally posted by PerfectStorm View Post

If that's your interpretation of not being "the company owner" it sure as hell wouldn't be mine...

I'd say if you hold 100% of a limited company shares you could be seen as owning the company, but as only one shareholder, amongst others, I don't think I am. If I hold some shares in BT would that mean I own the company?
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PerfectStorm replied

29 April 2020, 10:58
Originally posted by David71 View Post

Had my grant application approved!

The grant is only available where the company has at least one employee who is not 'the company owner'.

As the government has been clear - I am a shareholder, director and employee of a Ltd company and not a company owner (or I'd be a sole trader), the company also has more than one shareholder and more than one person of significant control.

If that's your interpretation of not being "the company owner" it sure as hell wouldn't be mine...
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ladymuck replied

29 April 2020, 10:33
Lend us £50
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David71 replied

29 April 2020, 10:14
Grant approved!

Had my grant application approved!

The grant is only available where the company has at least one employee who is not 'the company owner'.

As the government has been clear - I am a shareholder, director and employee of a Ltd company and not a company owner (or I'd be a sole trader), the company also has more than one shareholder and more than one person of significant control.
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David71 started a topic Welsh Government Assistance

13 April 2020, 17:53
Welsh Government Assistance

Any fellow Welshies looked at this:

Financial Support and Grants | Business Wales

I'm sure they'll find a way to wiggle out of it, but the Economic Resilience Fund -> Support for Microbusinesses appears to be available to contractors who are out of contract as a result of the COVID-19 outbreak....I'm not sure how you would evidence this to be honest but the line "The grant is available to microbusinesses that are not eligible for the Business Rate Grant or the support for self-employed grant." is encouraging.
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