|
|
32933
Feb 20, 2017 13:20:11 GMT
Post by longjohn on Feb 20, 2017 13:20:11 GMT
2014 - Turnover £193k - Profit £122k - dividend taken £54,600
2015 - Turnover £172k - Profit £96k - dividend taken £165,000
Loan reason - We require the loan for a corporation tax payment to keep the business going.
Asset stripping. What could possibly go wrong?
J
|
|
fasty
Member of DD Central
Posts: 1,038 
Likes: 388
|
32933
Feb 20, 2017 16:02:39 GMT
Post by fasty on Feb 20, 2017 16:02:39 GMT
Hmmm... I decided to pass on this one  |
|
am
Posts: 1,495
Likes: 601
|
32933
Feb 20, 2017 17:18:15 GMT
Post by am on Feb 20, 2017 17:18:15 GMT
The directors clearly have some assets to back up their personal guarantees. (Which is the right smiley?)
|
|
acky
Posts: 481
Likes: 262
|
32933
Feb 20, 2017 17:53:44 GMT
Post by acky on Feb 20, 2017 17:53:44 GMT
Taking a 5-year loan to pay an annual corporation tax bill cuts across any sound financial principles in itself. I bought into the loan (I buy into all 5-year C's that I spot in time), but this one will be handed over to autobiddies by this time next month!
|
|
fasty
Member of DD Central
Posts: 1,038
Likes: 388
|
Post by fasty on Feb 20, 2017 18:12:23 GMT
Taking a 5-year loan to pay an annual corporation tax bill cuts across any sound financial principles in itself. I bought into the loan (I buy into all 5-year C's that I spot in time), but this one will be handed over to autobiddies by this time next month! Better make a note in the diary for this one!
|
|
