Join the Labour Party and save your country!
Comments
-
-
keep it simple, if there was a 80% tax on rec cons do you think it would impact the value of the business and therefore the size of any capital gainrick_chasey said:No idea. If I knew about valuing businesses I'd be earning a d!cktonne more than I do.
0 -
There are some fairly basic formulae floating around to value a bog standard Limited Company. Multiples of the average of 3 years profit for example.rick_chasey said:No idea. If I knew about valuing businesses I'd be earning a d!cktonne more than I do.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
-
Well no, but we're talking about posting on BR, not making a career out of it.rick_chasey said:Yeah that ain’t gonna land you a PE role is it?
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
-
We do quite a bit of valuing businesses as we are quite acquisitive currently.
There are quite a few ways to skin the cat so to say and it will vary depending on a fair few factors such as (obviously) what you are trying to value and who is doing the valuing as different businesses have different preferences.
Difficult to summarise briefly, but:
- The multiple of some profit measure is pretty common for 'standard' type businesses that have a profit history of some sort. Some use EBITDA, some use PBT, some use PAT etc. And the can multiples vary a lot.
- Another common one is discounted cash flow which is a forward looking method that looks at the forecast future cash flows so has PAT as part of it.
- Some use balance sheet values with some premium/discount to NAV where the profit multiple doesn't work of the balance sheet is way larger than a profit based valuation
- Where this goes out the window in the internet companies, some of the tech giants where really it's based on expectation of future profits - or sometimes hope. which maximises potential for fingers to get burnt. It was 'fun' trying to value companies in the internet bubble in the first part of the last decade."I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Most business owners receive dividends in some form which are income. The business itself pays corporation tax which reduces the divdends.rick_chasey said:most business owners are more concerned about taxes on capital gains than income surely
There are, of course, some start-ups whose goal is to sell without ever paying a dividend. They would be interested in capital gains.
There are also lots of funds that own businesses that just don't pay any tax.0 -
This. Most UK businesses, in fact 96% of them have fewer than 10 staff and CGT will only be a concern for the owner when they sell up and retire.TheBlueBean said:
Most business owners receive dividends in some form which are income. The business itself pays corporation tax which reduces the divdends.rick_chasey said:most business owners are more concerned about taxes on capital gains than income surely
There are, of course, some start-ups whose goal is to sell without ever paying a dividend. They would be interested in capital gains.
There are also lots of funds that own businesses that just don't pay any tax.1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
This is the reality, but I wonder how many believe their company is the next Uber, Google or Amazon. I've come across quite a few.rjsterry said:
This. Most UK businesses, in fact 96% of them have fewer than 10 staff and CGT will only be a concern for the owner when they sell up and retire.TheBlueBean said:
Most business owners receive dividends in some form which are income. The business itself pays corporation tax which reduces the divdends.rick_chasey said:most business owners are more concerned about taxes on capital gains than income surely
There are, of course, some start-ups whose goal is to sell without ever paying a dividend. They would be interested in capital gains.
There are also lots of funds that own businesses that just don't pay any tax.0 -
Many companies of this type give their staff equity or options as part of their package with the possibility to make gains on exit (trade sale/float etc). It enables them to pay less as salary in the start up phase which clearly helps cash flow etc.rjsterry said:
This. Most UK businesses, in fact 96% of them have fewer than 10 staff and CGT will only be a concern for the owner when they sell up and retire.TheBlueBean said:
Most business owners receive dividends in some form which are income. The business itself pays corporation tax which reduces the divdends.rick_chasey said:most business owners are more concerned about taxes on capital gains than income surely
There are, of course, some start-ups whose goal is to sell without ever paying a dividend. They would be interested in capital gains.
There are also lots of funds that own businesses that just don't pay any tax."I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Looks like tactical voting may not be the saviour that some hope it will be:
https://telegraph.co.uk/politics/0/tactical-voting-general-election-2019-guide/"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Interesting video of a meeting between John McDonnell and John Caudwell (bilionaire founder of Phones 4U).
https://bbc.co.uk/news/av/world-europe-50691677/billionaire-john-caudwell-goes-head-to-head-with-labour-s-john-mcdonnell
Very amusing watching McDonnell in total denial when Caudwell told him straight that:
a. If Labour had been in power when Caudwell was starting up he wouldn't have started his business in the first place
b. If Labour do get in, then he and many other wealthy entrepreneurs like him are thinking of leaving the country.
Take that, leftie boy"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I think he's forgotten that he wasn't a billionaire when he started his business.Stevo_666 said:Interesting video of a meeting between John McDonnell and John Caudwell (bilionaire founder of Phones 4U).
https://bbc.co.uk/news/av/world-europe-50691677/billionaire-john-caudwell-goes-head-to-head-with-labour-s-john-mcdonnell
Very amusing watching McDonnell in total denial when Caudwell told him straight that:
a. If Labour had been in power when Caudwell was starting up he wouldn't have started his business in the first place
b. If Labour do get in, then he and many other wealthy entrepreneurs like him are thinking of leaving the country.
Take that, leftie boy0 -
Also, I don't think he should be able to offset his charitable giving against tax.0
-
a) what, out of spite?Stevo_666 said:Interesting video of a meeting between John McDonnell and John Caudwell (bilionaire founder of Phones 4U).
https://bbc.co.uk/news/av/world-europe-50691677/billionaire-john-caudwell-goes-head-to-head-with-labour-s-john-mcdonnell
Very amusing watching McDonnell in total denial when Caudwell told him straight that:
a. If Labour had been in power when Caudwell was starting up he wouldn't have started his business in the first place
b. If Labour do get in, then he and many other wealthy entrepreneurs like him are thinking of leaving the country.
Take that, leftie boy
So, no businesses are started under labour governments? Ridiculous comment.0 -
a. No, but it's always good to see a hard leftie being educated in the ways of business and the real world.elbowloh said:
a) what, out of spite?Stevo_666 said:Interesting video of a meeting between John McDonnell and John Caudwell (bilionaire founder of Phones 4U).
https://bbc.co.uk/news/av/world-europe-50691677/billionaire-john-caudwell-goes-head-to-head-with-labour-s-john-mcdonnell
Very amusing watching McDonnell in total denial when Caudwell told him straight that:
a. If Labour had been in power when Caudwell was starting up he wouldn't have started his business in the first place
b. If Labour do get in, then he and many other wealthy entrepreneurs like him are thinking of leaving the country.
Take that, leftie boy
So, no businesses are started under labour governments? Ridiculous comment.
b. No he didn't say that. He said he would not have set up his own business if the current Labour lot had been in power at the time."I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
No, not based on the reasons he gave in the video.kingstongraham said:
I think he's forgotten that he wasn't a billionaire when he started his business.Stevo_666 said:Interesting video of a meeting between John McDonnell and John Caudwell (bilionaire founder of Phones 4U).
https://bbc.co.uk/news/av/world-europe-50691677/billionaire-john-caudwell-goes-head-to-head-with-labour-s-john-mcdonnell
Very amusing watching McDonnell in total denial when Caudwell told him straight that:
a. If Labour had been in power when Caudwell was starting up he wouldn't have started his business in the first place
b. If Labour do get in, then he and many other wealthy entrepreneurs like him are thinking of leaving the country.
Take that, leftie boy"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
His reason is about divisiveness and rhetoric against wealthy people.Stevo_666 said:
No, not based on the reasons he gave in the video.kingstongraham said:
I think he's forgotten that he wasn't a billionaire when he started his business.Stevo_666 said:Interesting video of a meeting between John McDonnell and John Caudwell (bilionaire founder of Phones 4U).
https://bbc.co.uk/news/av/world-europe-50691677/billionaire-john-caudwell-goes-head-to-head-with-labour-s-john-mcdonnell
Very amusing watching McDonnell in total denial when Caudwell told him straight that:
a. If Labour had been in power when Caudwell was starting up he wouldn't have started his business in the first place
b. If Labour do get in, then he and many other wealthy entrepreneurs like him are thinking of leaving the country.
Take that, leftie boy
He might have got help from a small business advisor network to set up his business if this Labour lot had been in power. Worst case, he might now only have £800m instead of £1.6bn, but it would probably still have been worth doing.
0 -
Listened to it on the radio this morning. As KG points out his main offence was not so much the policies (which he didn't seem too bothered about), but the rhetoric of demonising wealth - "there shouldn't be billionaires", etc. Every bit as disgusting as some of the stuff coming out of Johnson, Patel and Raab's mouths.Stevo_666 said:
No, not based on the reasons he gave in the video.kingstongraham said:
I think he's forgotten that he wasn't a billionaire when he started his business.Stevo_666 said:Interesting video of a meeting between John McDonnell and John Caudwell (bilionaire founder of Phones 4U).
https://bbc.co.uk/news/av/world-europe-50691677/billionaire-john-caudwell-goes-head-to-head-with-labour-s-john-mcdonnell
Very amusing watching McDonnell in total denial when Caudwell told him straight that:
a. If Labour had been in power when Caudwell was starting up he wouldn't have started his business in the first place
b. If Labour do get in, then he and many other wealthy entrepreneurs like him are thinking of leaving the country.
Take that, leftie boy1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Corbyn is no different to Farage or whole swathes is the Tory party in that he believes minorities are nefariously exploiting the system for their own end at the expense of everyone else.
The variation is just on who the minority is.0 -
But as he said, he would not have done it.kingstongraham said:
His reason is about divisiveness and rhetoric against wealthy people.Stevo_666 said:
No, not based on the reasons he gave in the video.kingstongraham said:
I think he's forgotten that he wasn't a billionaire when he started his business.Stevo_666 said:Interesting video of a meeting between John McDonnell and John Caudwell (bilionaire founder of Phones 4U).
https://bbc.co.uk/news/av/world-europe-50691677/billionaire-john-caudwell-goes-head-to-head-with-labour-s-john-mcdonnell
Very amusing watching McDonnell in total denial when Caudwell told him straight that:
a. If Labour had been in power when Caudwell was starting up he wouldn't have started his business in the first place
b. If Labour do get in, then he and many other wealthy entrepreneurs like him are thinking of leaving the country.
Take that, leftie boy
He might have got help from a small business advisor network to set up his business if this Labour lot had been in power. Worst case, he might now only have £800m instead of £1.6bn, but it would probably still have been worth doing.
The point here is what does this say about Labours policies in relation to business and tax. What do you think?"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
But as he said, he would not have done it.kingstongraham said:
His reason is about divisiveness and rhetoric against wealthy people.Stevo_666 said:
No, not based on the reasons he gave in the video.kingstongraham said:
I think he's forgotten that he wasn't a billionaire when he started his business.Stevo_666 said:Interesting video of a meeting between John McDonnell and John Caudwell (bilionaire founder of Phones 4U).
https://bbc.co.uk/news/av/world-europe-50691677/billionaire-john-caudwell-goes-head-to-head-with-labour-s-john-mcdonnell
Very amusing watching McDonnell in total denial when Caudwell told him straight that:
a. If Labour had been in power when Caudwell was starting up he wouldn't have started his business in the first place
b. If Labour do get in, then he and many other wealthy entrepreneurs like him are thinking of leaving the country.
Take that, leftie boy
He might have got help from a small business advisor network to set up his business if this Labour lot had been in power. Worst case, he might now only have £800m instead of £1.6bn, but it would probably still have been worth doing.
The point here is what does this say about Labours policies in relation to business and tax. What do you think?"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
No. The point made in the interview was about the "evil rich" rhetoric. He was quite specific in saying he had no major issue with paying a bit more tax.Stevo_666 said:
But as he said, he would not have done it.kingstongraham said:
His reason is about divisiveness and rhetoric against wealthy people.Stevo_666 said:
No, not based on the reasons he gave in the video.kingstongraham said:
I think he's forgotten that he wasn't a billionaire when he started his business.Stevo_666 said:Interesting video of a meeting between John McDonnell and John Caudwell (bilionaire founder of Phones 4U).
https://bbc.co.uk/news/av/world-europe-50691677/billionaire-john-caudwell-goes-head-to-head-with-labour-s-john-mcdonnell
Very amusing watching McDonnell in total denial when Caudwell told him straight that:
a. If Labour had been in power when Caudwell was starting up he wouldn't have started his business in the first place
b. If Labour do get in, then he and many other wealthy entrepreneurs like him are thinking of leaving the country.
Take that, leftie boy
He might have got help from a small business advisor network to set up his business if this Labour lot had been in power. Worst case, he might now only have £800m instead of £1.6bn, but it would probably still have been worth doing.
The point here is what does this say about Labours policies in relation to business and tax. What do you think?1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Shows he claims to be a delicate flower who'd rather not set up a business when he wasn't rich, I guess in case he gets rich and they are nasty about him?Stevo_666 said:
But as he said, he would not have done it.kingstongraham said:
His reason is about divisiveness and rhetoric against wealthy people.Stevo_666 said:
No, not based on the reasons he gave in the video.kingstongraham said:
I think he's forgotten that he wasn't a billionaire when he started his business.Stevo_666 said:Interesting video of a meeting between John McDonnell and John Caudwell (bilionaire founder of Phones 4U).
https://bbc.co.uk/news/av/world-europe-50691677/billionaire-john-caudwell-goes-head-to-head-with-labour-s-john-mcdonnell
Very amusing watching McDonnell in total denial when Caudwell told him straight that:
a. If Labour had been in power when Caudwell was starting up he wouldn't have started his business in the first place
b. If Labour do get in, then he and many other wealthy entrepreneurs like him are thinking of leaving the country.
Take that, leftie boy
He might have got help from a small business advisor network to set up his business if this Labour lot had been in power. Worst case, he might now only have £800m instead of £1.6bn, but it would probably still have been worth doing.
The point here is what does this say about Labours policies in relation to business and tax. What do you think?
I just don't believe that if he had seen the same opportunity to buy mobiles cheap and sell them for more under a labour government, he'd have thought "no, that's too risky, it might make me rich."0 -
I don't believe he's that daft, even if he claims he is.0
-
I don't understand his idea of not starting a profitable business because of the party in power. Would labour policies make buying and selling phones unprofitable? What is the reason for that then? What policies would have made that startup business not worth doing?
Also, assuming he's right then what would he have done instead? I'm just curious about that grandstanding statement. He's a talented and it seems to me to be a ruthless businessman. I bet he could make a good business idea work in any political climate.
As much as I don't think Corbyn is a good prospect for prime minister, I don't believe it when a business leader like Caudwell makes a statement like that. It seems more about his politics than business to me.0 -
So you think he is lying? Any evidence for that? The more likely explanation is you are assumimg he is because it doesn't fit in with your view on this. A bit like John McDonnell in the video.kingstongraham said:
Shows he claims to be a delicate flower who'd rather not set up a business when he wasn't rich, I guess in case he gets rich and they are nasty about him?Stevo_666 said:
But as he said, he would not have done it.kingstongraham said:
His reason is about divisiveness and rhetoric against wealthy people.Stevo_666 said:
No, not based on the reasons he gave in the video.kingstongraham said:
I think he's forgotten that he wasn't a billionaire when he started his business.Stevo_666 said:Interesting video of a meeting between John McDonnell and John Caudwell (bilionaire founder of Phones 4U).
https://bbc.co.uk/news/av/world-europe-50691677/billionaire-john-caudwell-goes-head-to-head-with-labour-s-john-mcdonnell
Very amusing watching McDonnell in total denial when Caudwell told him straight that:
a. If Labour had been in power when Caudwell was starting up he wouldn't have started his business in the first place
b. If Labour do get in, then he and many other wealthy entrepreneurs like him are thinking of leaving the country.
Take that, leftie boy
He might have got help from a small business advisor network to set up his business if this Labour lot had been in power. Worst case, he might now only have £800m instead of £1.6bn, but it would probably still have been worth doing.
The point here is what does this say about Labours policies in relation to business and tax. What do you think?
I just don't believe that if he had seen the same opportunity to buy mobiles cheap and sell them for more under a labour government, he'd have thought "no, that's too risky, it might make me rich."
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
No, its my point. So what do you think?rjsterry said:
No. The point made in the interview was about the "evil rich" rhetoric. He was quite specific in saying he had no major issue with paying a bit more tax.Stevo_666 said:
But as he said, he would not have done it.kingstongraham said:
His reason is about divisiveness and rhetoric against wealthy people.Stevo_666 said:
No, not based on the reasons he gave in the video.kingstongraham said:
I think he's forgotten that he wasn't a billionaire when he started his business.Stevo_666 said:Interesting video of a meeting between John McDonnell and John Caudwell (bilionaire founder of Phones 4U).
https://bbc.co.uk/news/av/world-europe-50691677/billionaire-john-caudwell-goes-head-to-head-with-labour-s-john-mcdonnell
Very amusing watching McDonnell in total denial when Caudwell told him straight that:
a. If Labour had been in power when Caudwell was starting up he wouldn't have started his business in the first place
b. If Labour do get in, then he and many other wealthy entrepreneurs like him are thinking of leaving the country.
Take that, leftie boy
He might have got help from a small business advisor network to set up his business if this Labour lot had been in power. Worst case, he might now only have £800m instead of £1.6bn, but it would probably still have been worth doing.
The point here is what does this say about Labours policies in relation to business and tax. What do you think?"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I love the way you can mind read.kingstongraham said:I don't believe he's that daft, even if he claims he is.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0