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Ltd company ceasing trading

  • revenge
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09 Sep 12 #354823 by revenge
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Not quite sure but she''s in finance.

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09 Sep 12 #354824 by Shoegirl
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If she has any influence over the tendering process for subcontracting work whether that''s approving tenders, pulling together tenders etc then if she has not declared her interest or directorship of this business to her employer then it is very probable that she is in breach of her contract of employment.

Large businesses tend to frown on this type of thing. I should make it clear that she may have declared her outside interests, but saying that if she works in a large company the contract of employment usually forbids outside directorships full stop.

Now, I''m actually not trying to whip up emotions in an already fragile situation. I''m aware that I''m not actually answering your original question.

But it''s worth some gentle probing as knowledge is power so to speak. Not suggesting for a moment you do anything about this situation as its likely that this would become a big old mess. Where I''m coming from though is this type of information is helpful in a negotiation ;)

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10 Sep 12 #354908 by soulruler
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Well you are in the strange position of being able to name a third party with whom your husband is having an inappropriate relationship with which you find intolerable simply by virtue that you can produce accounts, explain the situation and her name is the sole director.

As she is a director she will be eligable for wages where as your husband not being a director he will not but he qualifies for dividends should they be paid.

Looking more than a bit iffy especially if she is a full time employee in the very very large business where they first met.

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10 Sep 12 #354910 by soulruler
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Presumably you have looked on the website for the firm where she works to get as much information about her as you can - if she is senior enough she will show up.

It is standard for companies to be registered at the accountants address.

The primary reason for this came out of the Huntingdon life Science problems some years ago where directors and employees and shareholders were being attacked by anti cruelty to animals protestors.

So although often in the past directors used to have their addressess revealed at company house and some companies registered their office or home address now nearly all directors information is not public domain.

You also have to have a real address as opposed to a post restaurent address so the accountants office is the best address to use.

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10 Sep 12 #355040 by revenge
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I think she works 4 days a week, a few years ago my husband told me of a female colleague helping him with his paperwork, but she she shouldn''t really as she could get into trouble. I warned him to be careful and more or less predicted what would happen, yes he went off with her.
He is paid by an agency an d they are paid by the company. He is very good pay 5 figure sum. I have stood by him for 22 years and don''t want to end up struggling while they sail off on their luxury holidays and weekends away, we have both worked hard in our marriage to get what we have and Im very very upset and hurt that he can do this to me. I know he is only protecting his own interests but that''s what I need to do, he earns enough that he can afford to fight as long as it takes, were as I my capital will go on bills and necessaties. Sorry im waffling but I just don''t know what to do, as he''s always made the financial decisions.

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10 Sep 12 #355052 by soulruler
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Ok maybe suggest to the accountant that you do not believe it in your best interest bearing in mind the circumstance that you pay back the capital whether to them directly or to him specifically.

Keep the money safe and remember to account for it, it is as much the accountants responsibility as it is yours or his, in fact the more competent you are in law the more responsible in law you are.

Do not get done over but do not do over yourself.

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10 Sep 12 #355054 by zonked
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I''m sorry to add my two pennies worth.

As I understand it, the bloke is an agency worker who has set himself up as a ltd company using the wife as a company sec (ie a paper job doing nothing).

He now wants to close down his ltd company and move on. Is the suggested cloak and dagger stuff realy necessary?

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