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Yes, you can use different companies.Anontier20 wrote: ↑Thu Apr 02, 2020 5:54 pmYou're not completely incorrect, if you read some of my posts you will see that company A wasn't doing well and I didn't want staff for the sake of it on it, but company B which I have not joined but have owned since 2017, but was never declared to HO in past applications ( as investment amount was additional) has been doing extremely well and justified the salaries, well until covid-19 hit, so that's where these queries were raised from to see how to utilise the situation I have to hand which is unique to my business and the points/ guidelines. This is all. Nevertheless as you have said you can use different papers from different companies, and as you're certain it's worked for you and many others this is the process I will follow.
I am not sure you can backdate it. You need to submit the CAR which will show the date of filing - HO specifically asks for that for that reason.Anontier20 wrote: ↑Thu Apr 02, 2020 10:42 pmYes, but easy to become director, you just submit an AP01 and backdate it to whatever date one needs. So it'll be covered as well within my 12 months window as visa is 2nd May 2021.
No, I don't. But this is on the gov.uk website, so this can be usedAnontier20 wrote: ↑Wed Apr 08, 2020 1:39 amDo you have any idea if they will be updating the the guidelines to reflect this for our use?
CAR - current appointment report. You need to submit this with your application and it shows the filing history of all applications with the companies house. So, irrespective of what date you enter as the appointment as a Director, it will show exactly when it was filed with companies house and HO is likely to take that as your joining date.
The additional update I posted has a couple of things.Anontier20 wrote: ↑Wed Apr 08, 2020 2:51 pmReposting here since your colleague get annoyed when I post on other's pages, even though many may have the same question.
Please can you explain How would this work? Are you able to illustrate with an example? Is it better to grin and bear it for 2 jobs and 30 plus hours then go in for in extension and the trauma and costs in entails? If you are able to pay the 2 jobs and the 30 plus hours, shall we just carry on?
I don't think I actually understand this, so is it similar to the transitional agreement, just one job/ one staff member to qualify for the points? Or they still want 2 jobs, just with an extension option if requirements not met? For eg, if my visa is expiring 2nd May 2021, with no employees so far, what should I do to ensure I can apply for settlement?
There is NO relaxation of the requirement of 2 jobs of 12 months each. If you have not been able to meet that requirement, your visa can be extended until you meet it.Anontier20 wrote: ↑Thu Apr 09, 2020 8:47 pmWhat I can't seem to get my head around is:
Does this mean we don't now need 2 jobs?
One job but how many staff is multiple staff?
If you get have the one staff for the one job for 12 months, can you still go ahead and apply for IRL or do you need to extend, do the 12 months with the 2 jobs at 30 hours plus and then apply for ILR?
So vague don't you think?
Your business does not need to be in profit as there is no such requirement. I suggest not to assume thingsAnontier20 wrote: ↑Thu Apr 23, 2020 2:50 pmOh, and also from your experience, the fact that my accounts will be showing a massive loss as opposed to profit therein no CT to be paid, have you seen cases where the IRL/ visas were approved on loss making businesses?
Is that your own assumption and opnion ?!!Anontier20 wrote: ↑Sat Apr 25, 2020 4:57 amBut they'd expect to see revenue coming in right? Otherwise, it's just outgoings? and a £50k investment becomes a £150k loss without revenues, let alone being able to achieve a net profit after EBIDTA.
1) There are no restrictions under the immigration rules to invest more. It is your business, you have to make the decision - don't ask for business advice here as there is no one who knows your business.Anontier20 wrote: ↑Fri May 15, 2020 4:47 pmHello,
Me again! To answer the question back in April, yes it is my own assumption and opinion, based on the fact that the company was loss making ( sales weren't enough to cover costs) and now all sales channels have dried up but business is still open and staff on payroll, therefore, more costs, no revenue. It's now about survival as opposed to profits, so on the back of that more questions for you fantastic panel.
To cover the salaries as I did not want to put staff on furlough, nor am I going to be wanting to extend the visa due to the covid exemption, aside of the original £50k investment, I am looking to loan the company an extra £40k from my personal funds to tide me through to the end of the visa in May 2021. Sales are far and in between, so won't be recuperating my investment in reality, not whilst the world is collapsing around us. Combination of Brexit and Covid has been the death knell for my brand, discretionary spending is extremely limited.
1) Is it allowed/ advised/ suggested to keep pumping in extra investment if the business is operating at a loss?
2) From you experience of a range of applications on this platform, how do you think HO will view this when looking at the accounts during the ILR stage which is next May 2021?
3) Should there be another director's loan document written up?
Many sleepless nights!
Thank you always.