Bank accounts

I can feasibly do it indeed, just the premises where I am at now is not forklift truck friendly. That's pretty much why I need somewhere that is, but a unit is too small.

I just don't like the risk - even with a liquid market you are not 100% guaranteed success.
 
twoblacklines said:
I do have a LTD, I thought limited liability means that I cannot personally get sued?
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It does (Well, it does and it doesn't, there are limited occasions when directors can be held personally liable) but it also gives you limited liability financially as well - the entire point is that it limits your liability to what you've invested - you can lose everything you've put it in but if the company owes more than that, it doesn't fall back on you.

Howcome when you go for a business loan they ask you to put your house up as collateral if your business plan is not awesome?
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Thats a totally seperate thing - normally a bank won't ask to do this unless it's particularly concerned about the business plan. Though really it's quite rare for a bank to ask for this, it's lending the business money, not you personally, so your house, which isn't an asset of the business, is not relevant.
 
So what is the incentive for a bank to lend my LTD money, if there is no collateral to balance the risk to the banks balance sheet?
My credit rating is perfect, but I have only been generating revenue/profit for 18 months (about 12 of which as a LTD company), they tend to want to see 3-5 years worth of revenue?
 
twoblacklines said:
So what is the incentive for a bank to lend my LTD money, if there is no collateral to balance the risk to the banks balance sheet?
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There is no collateral on the majority of loans? The incentive to lend a business money is the profit the bank will make through interest payments.
 
Hmm most business loans have fixed and / or floating charges over the firm's assets as a condition of the loan. Even if there's no fixed charge to buildings etc., a floating charge on any assets the company may own at a given point will normally be issued as a condition.

Most personal loans have no collateral maybe, but most business loans do afaik.
 
First Direct have confirmed that their new digital banking should be available on WP8 soon. Only on Android or IOS at the moment. Would be nice as to avoid having to use the new card reader thing
 
Natwest may be removing the card reader.

The amount of hassle the card reader causes, not for me, but for 99% of people who don't read.
 
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tom_e said:
Yes and Yes, apparently Li-ion batteries cannot be sent unless they're within a device.
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Li-ion has been like that for a while. You can send them as spares though as a personal customer.

"The maximum number of batteries allowed in each package is the number that may be connected to the equipment plus two spares. "
 
Anywhere offering more than 5.1% on savings? Zopa offer 5.1% currently.

tom_e said:
Yes and Yes, apparently Li-ion batteries cannot be sent unless they're within a device.
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Heh, I sent a lead-acid battery to france which supposedly they do not allow under any circumstances, the post office staff didn't even ask. :D
 
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My post office wont let me send any batteries at all. It used to be inside a device only and now they state you cannot at all.
Then again the same place takes a lunchbreak between 1pm and 2pm (which normally lasts until they can be bothered, even if there is a queue at 2pm they will still be on the phone behind the shutters at 2:20pm much to our annoyance) which other branches say is against RM rules and regs.
 
I've just moved from Halifax to First Direct, and very impressed so far.

Online banking is good, mobile app is good, phone service is good, and cool features like their account 'Sweep', which lets you define a date and limit, anything over that limit is automatically swept into a savings account.
 
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