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This is a UK based forum about divorce and related issues. Feel free to contribute. Your experiences or opinions may help others. The links on the left lead to basic information about most common divorce questions. The information opens in a separate window. You can use the search function to search the forum.
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Topic: Re: Divorce and business valuation
Written By: Lucky go happy - 6 months ago
Forum: UK Divorce Forum
davidterry Wrote: ------------------------------------------------------- > >>I'm in a similar position (IT contractor through > own limited company), and have a 60/40 % ownership > with me and STBXW. I own the majority > shareholding, however there is about 50k retained > profit in the company.<< > > Please note that something like the above is NOT a &g
Topic: Re: Divorce and business valuation
Written By: Lucky go happy - 6 months ago
Forum: UK Divorce Forum
Monty - how did you deal with division of the capital - what were the tax implications and how was the payment from the company to your ex recorded as? Thanks
Topic: Re: Divorce and business valuation
Written By: Lucky go happy - 6 months ago
Forum: UK Divorce Forum
If you stayed on as a consultant this would presumably affect the value as the profit would be reduced as then there would be 2 people (you and the new owner) drawing a salary / remuneration. Or your new consultant salary could be less than what you are receiving now! It seems this is a complex area, and it can't be too uncommon as there are many small PSC's in operation. Maybe they don't hav
Topic: Re: Divorce and business valuation
Written By: Lucky go happy - 6 months ago
Forum: UK Divorce Forum
I'm in a similar position (IT contractor through own limited company), and have a 60/40 % ownership with me and STBXW. I own the majority shareholding, however there is about 50k retained profit in the company. We are unable to agree a valuation - my stance is the value of the capital (there are no assets), as the current contract I have could be terminated with no notice and there be no futur
Topic: Re: Resuming Previous Petition
Written By: Lucky go happy - 9 months ago
Forum: UK Divorce Forum
Hi, thanks for the reply, I did resume cohabiting (and am currently doing so until I find somewhere suitable to move to) We did holiday where the UB continued and ruined the holiday for us The reconciliation started in June 2016, but I cannot say for how long - I suppose until we decided to divorce, only a couple of weeks ago. But the fact the UB never really went away and has worsened in the
Topic: Resuming Previous Petition
Written By: Lucky go happy - 9 months ago
Forum: UK Divorce Forum
I started a divorce petition almost 2 years ago in 2016 on the grounds of unreasonable behaviour. The respondent returned the Acknowledgement of Service but I didn't apply for the Decree Nisi which would have been the next step, because we attempted to reconcile. The reconciliation did not happen and we stayed in this limbo period until now, when I want to complete the divorce, however I have
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