Closing down my business

[Midwest]

I've decided to close down my business.

After my apprenticeship, I did about 12 years in the industry, before moving onto pastures new. When I retired from that job, I thought I would try being a sole trader electrician. I gave it a bash for 5 years, but for various reasons, I've decided to call it a day. I have a new job starting in October.

It was an unexpected steep learning curve for me, but not completely wasted time. I joined this forum back in 2011 in preparation, and gained some valuable experience and guidance from members over the years. Sometimes the advice aggrieved me, but the truth hurts!

So a big thank you for your counsel. I shall be sticking around, though

A last bit of advice from you in the meantime. I'll have my accountant tidy up those ends, the van will be going off to the knackers yard, I'll keep me tools for the time being. Advertising was minimal, and old clients I can redirect to other sparks. Anything else?

Not sure what to do with my public liability insurance, paid for till June 19, the last work I did was April this year. Should I keep it, or get a refund?​

 

[DPG]

All the best Midwest !! Stick around on the forum.

 

[buzzlightyear]

All the best Midwest !! Stick around on the forum

and don't wait in the shadows like some on the forum .names not mentioned. hit list ready .

 

[telectrix]

shut the door behind you..

 

[Squid]

Just waiting for SWD to send me some of his high heels & one piece.

Boots are in the post, I also sent something "special" for you and Telectrix to share, the gimp mask was donated by forum members ;o)))))

Remember to send me out those signed and undated Landlords Certs okay......

 

[buzzlightyear]

shut the door behind you

 

[telectrix]

Boots are in the post, I also sent something "special" for you and Telectrix to share, the gimp mask was donated by forum members ;o)))))

Remember to send me out those signed and undated Landlords Certs okay......

View attachment 44270 View attachment 44271

are you the one on the right?

 

[Squid]

Pardon?

 

[Squid]

are you the one on the right?

Stop teasing, they are Liverpool supporters.......

 

[Squid]

.

 

[telectrix]

PILLOCK..

 

[buzzlightyear]

lol on this one . pearly men of London. gay cavalier .

 

[static zap]

I resemble that remark.

..I'm missing Prof Unwin .. !

 

[Midwest]

Boots are in the post, I also sent something "special" for you and Telectrix to share, the gimp mask was donated by forum members ;o)))))

Remember to send me out those signed and undated Landlords Certs okay......

View attachment 44270 View attachment 44271

Bloke on the right, looks like Mika Hakkinen. I wonder wot he wore under his race suit, always look a bit lumpy.

Thanks for the boots SWD; see you've had your nails done

 

[Squid]

Bloke on the right, looks like Mika Hakkinen. I wonder wot he wore under his race suit, always look a bit lumpy.

Thanks for the boots SWD; see you've had your nails done

Love you too hun ---

 

[Gavin John Hyde]

Well I wish you well in what ever you do next,
As for closing the business down, I think it is 7 years you have to keep records for, your accountant can clarify for you. In mean time there may be one or two little things you can claim for to reduce your tax bill such as writing down the value of assets etc.
Just don't do what a family friend who was a 1 man ltd company plumber, when retiring and moving to spain, he got a load of materials from the suppliers on credit and flogged them all and never paid the bills! took some of them for thousands the cheeky so and so, Bloke was bang out of order for that in my view. He let the company go bust intentionally.