UK Karting - Notice Board (Combined Forum) : Re: FKS Assets

Notice Board (Combined Forum)

Re: FKS Assets
Posted by 'MaxRacewear' on 03 Jun 2016 @ 08:34

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MaxRacewearJoined: November 2012
Total Posts: 132
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This gets worse the more one looks into it. What needs to be investigated is the owners of the "rented" equipment.

If I were starting a racing series with my own or borrowed money I would buy the equipment through Company A and rent it out to Company B. Company A would be an equipment hire company with loads of assets, and would demand big deposits, probably approaching the capital cost of the equipment. Company B would have no assets and be a trading company, selling racing to the ambitious. If the race series doesn't make a profit, the assets would be protected and Company A would be a preferential creditor along with IR, VAT etc.

Just saying that's how I'd do it.

Message Thread:

FKS Assets Up for Sale by 'FKS Action Group' (01 Jun 2016 @ 16:45)

Re: FKS Assets Up for Sale by 'dynamax' (01 Jun 2016 @ 17:14)

Re: FKS Assets Up for Sale by 'FKS Action Group' (01 Jun 2016 @ 17:33)

Re: FKS Assets tendering by 'dynamax' (01 Jun 2016 @ 19:08)

Re: FKS Assets tendering by 'Bucky' (01 Jun 2016 @ 20:59)

Re: FKS Assets tendering by 'FKS Action Group' (01 Jun 2016 @ 21:12)

Re: FKS Assets by 'dynamax' (01 Jun 2016 @ 23:43)

Re: FKS Assets by 'Bucky' (02 Jun 2016 @ 9:01)

Re: FKS Assets by 'dynamax' (02 Jun 2016 @ 10:21)

Re: FKS Assets by 'MaxRacewear' << You are here!

Re: FKS Assets by 'richydehav' (04 Jun 2016 @ 12:54)

Did anyone here go to the auction? by 'orton1966' (04 Jun 2016 @ 14:07)

Re: Did anyone here go to the auction? by 'dynamax' (05 Jun 2016 @ 10:11)

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