Hilary Devey Dragons Den
Discussion
DSLiverpool said:
She has done very well, loads of companies that seem to make very little profit the main one on £48m t/o declared £380k taxable profit so she pays herself well !!
A very driven lady !!
Can't think of a way of not sounding punchy here but....A very driven lady !!
Do you own or run a company making any profit?
Those two numbers give you no idea of the true position. Probably a small salary and huge paper right downs! Difficult to award more tax efficient dividends if no profit. Can still declare Divs I believe out of reserves but those numbers mean nothing. HTH?


Slaav said:
Can't think of a way of not sounding punchy here but....
Do you own or run a company making any profit?
Those two numbers give you no idea of the true position. Probably a small salary and huge paper right downs! Difficult to award more tax efficient dividends if no profit. Can still declare Divs I believe out of reserves but those numbers mean nothing. HTH?

Any company consistently turning over such huge amounts and making such a small taxable profit either has a very clever accountant or pays huge wages - note its consistent, im pretty sure you can't make huge write downs year on year.Do you own or run a company making any profit?
Those two numbers give you no idea of the true position. Probably a small salary and huge paper right downs! Difficult to award more tax efficient dividends if no profit. Can still declare Divs I believe out of reserves but those numbers mean nothing. HTH?


DSLiverpool said:
Slaav said:
Can't think of a way of not sounding punchy here but....
Do you own or run a company making any profit?
Those two numbers give you no idea of the true position. Probably a small salary and huge paper right downs! Difficult to award more tax efficient dividends if no profit. Can still declare Divs I believe out of reserves but those numbers mean nothing. HTH?

Any company consistently turning over such huge amounts and making such a small taxable profit either has a very clever accountant or pays huge wages - note its consistent, im pretty sure you can't make huge write downs year on year.Do you own or run a company making any profit?
Those two numbers give you no idea of the true position. Probably a small salary and huge paper right downs! Difficult to award more tax efficient dividends if no profit. Can still declare Divs I believe out of reserves but those numbers mean nothing. HTH?


Oh well, nice problem to have eh?

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I have huge respect for her.