Olasunkanmi wrote:@ danish7866, if you eventually decide to submit a fresh application, it might be better to stick with one single company for easy application process as caseworkers can be sometimes funny. You can take the strongest company among your 3 businesses to give you a good chance of success.
What are the reasons given when your first application was refused?
Hello Olasunkanmi !
Thanks for your response, the only reason my application was refused was becuase of credibility, they had no specific reason, as I comply all the rules with terms of advertisment (Before 11 July), company trading (Before 11 July), contract provided (before 11 July) £50000 invested in forms of share capital.
Now the fact is out of those £50000 I had, i have put money in the telecom bsuienss which is almost £10000 and is trading with no profit, no loss to me at the moment, I had an employee in this company from last 6 month (RTI Submitted), VAT Filed, Sevices being used by customer and payment is made by them every month in this business account. The only problem with this company is it registered on Jan 2015.
The second company which was registered Aug 2014 has traded well with a turnover of aroud £15000 for the whole finacial year and I am about to file account in couple of day.
The first company which was registred on Sep 2013 fulill the criteria of 11 July but I am not left out with enough money (£30000) coz the limited capital I had has been invested in other companies for which I had proper proofs.
The only concern was I can only apply with the first company but I would had only £30000 left to apply for and the other £20000 been invested in other companies, I wonder if it can work out ?
Thanks