Panic yes but selling the gti

[mcmaddy]

But the chancellor said the 5% of people who will be missed had over £200,000 so it must be true 😠.
Do you rent your premises? Did you manage to speak to vw finance? Did your accountant suggest anything else? It's annoying to hear your plight when other big corporations are getting handouts left right and centre.

[buddfridge]

Yes I rent, someone advised me after another five payments 1/2 through I can hand the car back, so thats my plan b, actually as of tomorrow another four payments.

I know we are pretty much missing out everything on offer but to miss out all it takes is being a director of two very small shops one has a rateable value of £5400 the other is just two rooms with a value of £3800, the only way I would have qualified having two shops is if one had a value of £2899, that figure must have been devise in the 70s as there is probably nothing out there that low, however having one larger busier shop with a rateable value of 12k would not only get the £10000 grant now but would have also paid no rates for the last several years, and shops over 15k can receive up to £25000.

I don't know what to do now other than to  A  keep my fingers crossed,  B liquidate now, pay off all my business debt, pay off my two employees and hope there is something left, or C , actually I dont want to think about C.

Thanks for the moral support.

[buddfridge]

Update, I just phone my landlord to tell him of my struggles, he told me not to worry as their was always people after shops. Lol

At that I have broke down and cried in front of my wife and daughter.

[Watts]

I can't even begin to understand the pain you're going through. I really hope something comes your way to help and soon.

[Arnold_Lane]

Update, I just phone my landlord to tell him of my struggles, he told me not to worry as their was always people after shops. Lol

At that I have broke down and cried in front of my wife and daughter.

Sorry to hear of your predicament, it must be deeply worrying for you and your family.

Under rules introduced recently, you cannot be evicted from your shops if you don't pay the rent for a period of three months.

[mcmaddy]

The landlord sounds like a stand-up guy!! Sorry I meant to say prick. Can your accountant not suggest anything? What is it your business does if you don't me asking?

[fredgroves]

Definitely contact VWFS:

https://www.carmagazine.co.uk/car-news/industry-news/coronavirus/car-finance-payment-holiday/

That will fix one problem.

As others have said, you are entitled to freeze your rent payments under current law.

That guy though is so wrong, likely as not if you vacate the premises he won't let that any time soon, if ever. Commercial retail property was virtually unlettable even before this virus, after I'd guess the situation will only be worse. He needs to keep you sweet even if that means sucking it up for a while or he will have nothing.

[buddfridge]

The landlord sounds like a stand-up guy!! Sorry I meant to say prick. Can your accountant not suggest anything? What is it your business does if you don't me asking?

I sell appliances, not on line, we had 8 deliveries going on Wednesday but after tuning in to the Boris speech on Monday night he actually mentioned electrical retailers specifically and said we must close, no ifs no but
So on tuesday morning I told my staff not to come to work, I then turned up myself and phone/ apologised to all those expecting deliveries, refunds given, after spending the full day doing duties I went home only to hear the news that if you could not work from home return to work, next morning I went to work on my own, I phoned all the cancellations to ask if they still wanted the appliances, understandable 5 out of 8 had bought online, I know there are more serious issues going on but you couldn't make that up.

Anybody who is ill , a key worker or has lost someone I am sorry of making a fuss.

[Mark V GTD]

First class advice from Monkeyhanger as usual. Good luck to the OP.

[mcmaddy]

The landlord sounds like a stand-up guy!! Sorry I meant to say prick. Can your accountant not suggest anything? What is it your business does if you don't me asking?

I sell appliances, not on line, we had 8 deliveries going on Wednesday but after tuning in to the Boris speech on Monday night he actually mentioned electrical retailers specifically and said we must close, no ifs no but
So on tuesday morning I told my staff not to come to work, I then turned up myself and phone/ apologised to all those expecting deliveries, refunds given, after spending the full day doing duties I went home only to hear the news that if you could not work from home return to work, next morning I went to work on my own, I phoned all the cancellations to ask if they still wanted the appliances, understandable 5 out of 8 had bought online, I know there are more serious issues going on but you couldn't make that up.

Anybody who is ill , a key worker or has lost someone I am sorry of making a fuss.

you've got no need to apologise, affects each and everyone one of us differently 👍