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My original client is a highly profitable limited company (annual profits of about £150 000). This was established a number of years ago; a husband and wife are joint shareholders with the husband being the director and active in the business while the wife is the company secretary but is otherwise not active in the business.
The company trades in finance brokerage. The husband and wife each receive salary and dividends from the company of £60 000 plus annually.
The husband and wife have recently started a new limited company trading venture (wholesale of dairy produce) and this has the same shareholders office-holders and involvement as above.
It is expected that there will be losses for at least the first few years. The new company is in receipt of substantial loans from the original company which are unlikely to be repaid in the short term.
...Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
