Makes you wonder what people are thinking. This listing is £3.
"We are selling a Limited Company that we no longer need.
Company No: 07493354 Registered in England and Wales with Companies House.
You will get:
All the share of the company (1,000 x £1 shares issued) This give you Full ownership of the Company, which was registered in January 2011
The company bank account (C. £1,500 O/D)
The Company verified PayPal Account (c-£800 Balance)
A Business MasterCard account (zero balance)
This is a VAT Registered company
The company accounts paperwork etc.
This gives you the ability to use the company from day one and appear established.
A central Manchester Registered Office facility - paid for until April 2015 (not an actual office)
You will not get:
Any equipment or assets, other than ownership of the company - this has all been sold
Any client base or income from existing or past clients - this has been sold on.
Any software etc. Any domain names or online presence - this has been sold on.
You will be encouraged to change the business name - we will be happy to enable this with Companies House and HMRC etc
Further Info:
There are no CCJs etc against the company
There is a bank Overdraft of c. £1,500 which you will take on
There is a VAT bill of c. £3,000 which you will take on.
There is an outstanding bill for Companies House of £240
There are no outstanding suppliers debts
Once the business is transferred there will be no warranty or liability given by our side.
This is a great opportunity to get a company for a low cost that is set up and that looks established. Transfer can take place within 24 hours of the purchase being paid for. Delivery of the paperwork will take place a few days later. The delivery charge is for a courier to deliver the company paperwork."
-- Edited by matt123 on Thursday 22nd of May 2014 10:02:22 AM
My assumption is that all assets, clients, website have been passed to a new business (probably another limited company) leaving only the debts behind.
The company is worth nothing as a business and all that the buyer is acquiring is a shell where everythig is already set up.
The VAT bill and overdraft make it a pretty expensive shell.
To the credit of the seller they have been honest in what they are selling and it's down to the buyer to understand what they are buying.
Won't comment on my view on it but the word bargepole would have been used in the sentence.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I suppose if there are big losses that can be carried forward to offset against a profitable business it may be worthwhile but I really don't know if that is allowable?
I suppose if there are big losses that can be carried forward to offset against a profitable business it may be worthwhile but I really don't know if that is allowable?
It was tightened up on Rob so not a viable tax reduction strategy anymore.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Maybe more if there are any more skeletons in the cupboard or any work that they have done may come back to haunt them.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
