Directors redundancy

Directors redundancy

Didn't find your answer?

Private company with 6 shareholders
a 22% - director and full time employee
b 22% - director and full time employee
c 22% - director and full time employee
d 22% - shareholder only
e 6% - part time employee
f 6% - shareholder only
Company has reserves circa £300k with circa £220k in cash.

Work has dried up and the directors are taking employment with another company.

BATR relief looks remote because of the cash on the balance sheet.

How best to get the cash out of the company and wind it up. Is redundancy a favoured route? How much could reasonably be paid? Salaries are circa £25k
knuckles

Alan Stephenson

Replies (1)

Please login or register to join the discussion.

avatar
By User deleted
17th Jan 2007 13:56

think about.....
pension contibutions too.

Thanks (0)