Off Topic summer or winter tyres?

[The Omega Man]

Try getting an account with any of the builders merchants or lease a van or car.

I have served bankruptcy petitions on 10 people this month for outstanding PGs. All for a well known group of builders merchants, all had been directors of ltd companies.

The advice I give suppliers is simple. Review your Term and Conditions of Sale. Ensure that you have Rentention of Title and all monies clauses and employ good credit control.

I work with companies in distress and would say that 95% of the Directors have signed PGs. Most have been bumped

Trading as = higher personal liability....Ltd = less liability as your limited....For current up to date information see someone who knows what they're talking about.
Put your assets into someone else's name in case the business goes pop.

I work in insolvency and can tell you that your suggestion leads to more problems than it cures. Divorce, family and friends falling out all pose problems.

 

[Fez]

Never give personal guarantees.

Ever.

You shouldn't ever need to give them, I supply hundreds of shops and I've never asked anyone to personally guarantee. Frankly, if someone agreed to one, I'd figure they didn't know what they were doing and it would make me nervous about supplying them.

Unless a business is absolutely tiny, a limited company is the best option, as it offers far more protection and additional benefits, as Imperial has outlined.

I'm no expert on tires, but for you to be liable if someone had an accident due to the tyres you'd sold them, I'd assume that it would have to be proven that you were negligent and knowingly someone dangerous goods.

As for the credit card, you'll just have to put it down to experience, it will need to be repaid and it wouldn't matter if you were a sole trader or a limited company. Unless the business is heavily in debt and has no money or assets, you wouldn't wind it up just to avoid a £4k bill.

At last, some common sense.

I've sold, fitted and inspected tyres of all sizes, new and used. The technology of tyres is interesting if you have nothing better to do with your time. An accident due to a tyre would be very difficult to apportion blame to. There has been a market for partworn tyres since the Dead Sea was reporting sick.

Deal with the £4K and learn from it. PM TOM and speak with him on Monday, as he is in the real world, not a spreadsheet world.

 

[Noggin The Nog]

Try getting an account with any of the builders merchants or lease a van or car.

I have served bankruptcy petitions on 10 people this month for outstanding PGs. All for a well known group of builders merchants, all had been directors of ltd companies.

I work in insolvency and can tell you that your suggestion leads to more problems than it cures. Divorce, family and friends falling out all pose problems.

It seems to work on 'Can't pay, we'll take it away' Asking friends to lend you dosh to fund a business venture is perhaps the worst thing you can do, because nine times out of ten it creates rifts that never heal. Or signing as a guarantor to cover someone else's debt is very risky.

 

[Tony Angelino]

At last, some common sense.

I've sold, fitted and inspected tyres of all sizes, new and used. The technology of tyres is interesting if you have nothing better to do with your time. An accident due to a tyre would be very difficult to apportion blame to. There has been a market for partworn tyres since the Dead Sea was reporting sick.

Deal with the £4K and learn from it. PM TOM and speak with him on Monday, as he is in the real world, not a spreadsheet world.

ive accepted i have to pay the money back, i dont agree with it but ill pay it back. Im annoyed they've agreed a deal on tuesday and agreed to pay some of the money owed to me then decided not to last night. My main concern was the LTD or sole trader?

 

[Amin Arrears]

There's a golden rule, never do business with family (or friends).

 

[Fez]

ive accepted i have to pay the money back, i dont agree with it but ill pay it back. Im annoyed they've agreed a deal on tuesday and agreed to pay some of the money owed to me then decided not to last night. My main concern was the LTD or sole trader?

Are you a wholeseller or a Del Boy? Understanding where you business activity sits in the marketplace is key. I would be amazed if anything other than a Limited Company would be appropriate, that is if you have growth ambition. Simple question: what is your projected turnover?

 

[Noggin The Nog]

Are you a wholeseller or a Del Boy? Understanding where you business activity sits in the marketplace is key. I would be amazed if anything other than a Limited Company would be appropriate, if you have growth ambition. Simple question: what is your projected turnover?

I do hope you've got your four P's of marketing sorted..Price, Place, Promotion, Product ..then there's Market segmentation to consider...
I guess soon you'll wish you never asked the question. BTW have you done a Acid Test or a Business plan?

 

[Fez]

I do hope you've got your four P's of marketing sorted..Price, Place, Promotion, Product ..then there's Market segmentation to consider...
I guess soon you'll wish you never asked the question. BTW have you done a Acid Test or a Business plan?

It's not my business

 

[Noggin The Nog]

It's not my business

I know Fez its Geo's.. Just piggy-backed onto your comment about Marketing.

 

[The Omega Man]

It seems to work on 'Can't pay, we'll take it away' Asking friends to lend you dosh to fund a business venture is perhaps the worst thing you can do, because nine times out of ten it creates rifts that never heal. Or signing as a guarantor to cover someone else's debt is very risky.

**** me, you will be telling me that Coronation Street is a good guide to the legal process next.

 

[Chazz Rheinhold]

There's a golden rule, never do business with family (or friends).

Amen. Got two City supporting mates in business together, all gone tits up. Ruining my City day out. Selfish ****s honestly.

 

[Noggin The Nog]

**** me, you will be telling me that Coronation Street is a good guide to the legal process next.

I find 'Cant Pay' to be an accurate, factual, true reflection. How many times have we seen people put cars etc. into someone else's name and the agents can't touch them.
Not sure what Coronation Street is...Is it one of those tawdry, soap type of cheap, non-educational TV programmes? I very rarely watch garbage, unless I rock up to KCom these days.

 

[The Omega Man]

I find 'Cant Pay' to be an accurate, factual, true reflection. How many times have we seen people put cars etc. into someone else's name and the agents can't touch them.
Not sure what Coronation Street is...Is it one of those tawdry, soap type of cheap, non-educational TV programmes? I very rarely watch garbage, unless I rock up to KCom these days.

Well as I am an Enforcement Agent and have worked enforcing High Court Writs, PCN, Council Tax and CRAR for 20 years I can safely tell you that Can’t Pay is a crock of ****.
The fact is that the Appointed Officer for the first series is someone who I have worked with for 8 years. It is his name on the Writs and he is liable for the actions of the EA’s. He regrets ever being involved.

The number of complaints about the program from within the industry and the reaction of Senior Masters of the High Court backs up my view that the program is a crock of ****.
The fact is that within the industry, assaults against EA’s are rising. The biggest problem being that when we say that this is the action we are taking and it does not match what the debtor has seen on the tv, controlling the situation becomes impossible. Stab vests have never needed to be worn, but now they are deemed to be a requirement. We have real issues with simple stuff like body cams and yet they turn up with a film crew and folks like you believe that reflects true life.

Just putting an asset in someone else’s name does not protect it from seizure, removal or sale. Real evidence on ownership is required and I mean real.

I live and work in the real world of enforcement and the program is a crock of ****.

 

[Noggin The Nog]

Well as I am an Enforcement Agent and have worked enforcing High Court Writs, PCN, Council Tax and CRAR for 20 years I can safely tell you that Can’t Pay is a crock of ****.
Stab vests have never needed to be worn, but now they are deemed to be a requirement. We have real issues with simple stuff like body cams and yet they turn up with a film crew and folks like you believe that reflects true life.

I live and work in the real world of enforcement and the program is a crock of ****.

Okay fella...I won't apply to be a EA any time soon!!!

 

[GLP]

Just as a side note regarding part worn tyres Geo. Many sellers advertise the tyres as 'pressure' tested.

I know many of the part worn tyres come in from Germany as they have an expiry date (DOT Code) which results in tyres then being sold on as part worn.

There does seem many sellers selling part worn tyres.

 

[Amin Arrears]

Does anyone know where I can get a set of part work brake discs and pads? Could also do with some part worn airbags and seat belts.

 

[Tony Angelino]

Does anyone know where I can get a set of part work brake discs and pads? Could also do with some part worn airbags and seat belts.

Just buy a second hand car hat it’ll have all the options you list apart from the airbags hopefully

 

[Evington]

Can't you ask Ehab?

 

[Tony Angelino]

Just as a side note regarding part worn tyres Geo. Many sellers advertise the tyres as 'pressure' tested.

I know many of the part worn tyres come in from Germany as they have an expiry date (DOT Code) which results in tyres then being sold on as part worn.

There does seem many sellers selling part worn tyres.

Pressure tested just means they were blown up and checked before loaded into a container and shipped across here. They dont really as far as i know change them becuse of age unless there is cracking etc in the tread.
A lot of europe like germany have to use summer and winter tyres, so in the next few weeks they'll have to start taking their summer tyres off and putting winters on so we should start getting their summer tread tyres here. Then depending on the weather come March they can start to swap back to summer.
Normally they dont let their winter tread tyres get below 4mm, summer tyres can get down to 1.6mm like us but due to the speeds they can do across there not many let them get to 1.6mm

 

[DMD]

Okay, I'll show my ignorance, but a new car hand book has recommended tyre pressures. Are these always valid and considered when changing the tyres at a later stage, or doesn't it make much difference?