Thankyou joe for your reply have spoken to my accountant on the phone were makin a start now to begin closing it down he says its not as bad as it seems (easy for him to say) but its a help i guess knowing theres a lot more people out there in the same boat as me, wonder if i can get the dole or something now? how i am going to pay for things i dont know.Hawkmar sorry to hear about your business problems. Talk to your accountant. things may not be as bad as you think. Worries me that you would not automatically speak to your accountant. Your bank manager will only tell you what suits his bank. If your accountant does not have the experience to deal with this type of issue then you need to talk to a specialist. Many younger accountants have no experience in debt management due to the protracted boom the country has gone through. If you need a specialist pm me and I will put you in contact with my advisors. Indicate also where you operate from. Some of these issues seem huge at the moment but from the moment you accept certain inevitabilities things can seem much better. Firm conclusive action is needed. Listen to no one except the specialist you ask advice from. Forget the pub talk - there is so much rubbish out there!. Also if you, your wife and kids are healthy you are in a much better place than many more people.
worked hard made a lot of money and had a very good life up untill now,
Yes the rainy day i have some saving, if i had one more year of work all my depts would have been payed, but now i must go an talk to people and try an work things out, theres alot of people in a hell of a lot more trouble than me.This I think is why so many people are now in big trouble. There is no mention of any " rainy day."
Thanks michael, had a meeting with account today were going to put my company away for a rainy day it owes nothing to no one, only thing is my company van witch is on hp total repayment is 5500 so not to bad. and if things pick up i can open company up again witch was music to my ears. thankyou very much eveyone for your support in these hard times ye are such a nice bunch of people & a great help.
in Retail and am in a similar situation.
Expected Christmas turnover did not materalise and will not have enough to trade through Q1. Have to decide when to close.
How many more are in a similar situation
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?