About the Landscape Juice Network

Founded in 2008. The Landscape Juice Network (LJN) is the largest and fastest growing professional landscaping and horticultural association in the United Kingdom.

LJN's professional business forum is unrivalled and open to anyone within within the UK landscape industry

LJN's Business Objectives Group (BOG) is for any Pro serious about building their business.

For the researching visitor there's a wealth of landscaping ideas, garden design ideas, lawn advice tips and advice about garden maintenance.

LTD company and Coronavirus

Hi all

I wonder if any of you are in the same boat as myself? I run a LTD company from home and in effect don't have a premises as such and don't pay business rates. I pay myself a small wage and then take out dividends. All I can see that I'm eligible for is the furlough of 80% of around £700 which I can get back in June. I have furloughed my staff (due to worrying about them getting ill whilst working and a downturn in new jobs) but will have to cover payments again till June. I'm not eligible for a grant, the only option seems to be a loan and after this I'm not sure I'll be able to pay it back as we have already a hard time coming into this period. 

I have just spent a week self isolating because my wife was unwell. I feel I'm coming under huge pressure to stop working but if I do the business will implode. Such a hard time for us all I know. Just wondered if any one else is in the same position? It doesn't seem there is any help at all. 

take care all

 

You need to be a member of Landscape Juice Network to add comments!

Join Landscape Juice Network

Email me when people reply –

Replies

  • PRO

    Surely your staff are paye, in which case their 80% grant should be paid to you latest end April to allow for April payroll. Likewise you're paye I would have thought for the min amount, and again would be paid end April

    Both sets of payments would be backdated to when furlough occurred, though it's not clear if you've furloughed yourself.

    Like you I don't pay biz rates so no cash grants from that. But I'm self employed with 6 paye employees, and have been pleased by todays announcement giving self employed parity with paye. June is a stretch, but they've a lot to do!

    Have heard bad things about interest rates on the loans today in the press. Still waiting to hear from my bank on their rates etc. It's not going to be easy. My approach is to kick as much down the line as possible and get through the coming days / weeks a day at a time.

    What do you do?

  • I run a small gardening business. My accountant a few years back thought it would be better to be a LTD company so I went with his advice. That would really help if that money is available by the end of April for furloughed staff. I'm in effect an employee of the company so will likely furlough myself but this will only amount to a small amount of money. 

  • PRO

    How do your customers pay you? We offer payg, monthly dd and prepay for the season. I've just emailed all customers about temp closure and all but a handful are saying keep the dd's running and keep the prepayments for when things return. If you don't offer these methods already, perhaps asking customers to help with the cashflow issue may be of some use. Many of mine said that they had no income issues to being in a particula rindustry or retired, and several said they felt a duty to help small businesses get through this.

    I had the same conversation with the accountant a few years ago and couldn't see real benefits of doing it other than liability. Lucky throw of the dice I didn't swap over.

    • I didn't like the accountant either, he convinced me it was the right thing to do! Nevermind! 

      Yes we have some great customers and like you I think the majority will see us through. One customer went out of their way to call and tell me so yesterday.  The whole thing has really got me down, financial worries are tough and the whole moral dilemma we are faced with. I feel bad for the customers if I don't go and do the work. Many are elderly and rely upon us. It's more than just a gardening business. 

      On the other hand I think I'll take your advice. Nearly all our customers pay monthly and by direct debit. Thanks for taking the time to message back. I hope all goes well for you. 

       

      • PRO

        I'm in the same boat Adam. I've been a Ltd company for seven years now, on the advice of my accountant. Seemed like a sound idea, limiting liabilities, drawing a megure salary and getting a dividend at the end of the year, then paying Corporation tax. All worked out fine until now....I'm definitely  noteligible for the new scheme☹️. Luckily I've got plenty saved away due to frugal living and I'm able to continue some of my work, but I'd be stuffed if I didn't have these savings to dip into.  

         

        • I'm glad you have some money put away. I hope all goes well with you. Luckily my wife has an income, I will probably try and take a loan to cover some costs in the short term. 

          I have messaged my regular garden maintenance customers now and will see what response I get back. Fingers crossed it goes well. I feel for me personally, it's the right thing to do to stop now but all the best to those that are carrying on for now while they can. 

  • My wife and I work together and we went Ltd a few years ago to get the equivalent of child care vouchers as they weren't doing anything for sole traders at the time. As it's continued to save us a bit of money we never really got round to changing back again. 

    I haven't looked into it, but going on what you guys say, the fact that we are still able to do a bit of work, and we have some rainy day money so at the moment aren't in financial difficulties I don't expect much from the government.

    Just need to tighten our belts a bit as we are taking it in turns to work with the kids off school. 

    Obviously things will change if the lockdown gets stricter.

    Hope you guys manage OK. 

  • PRO

    I also run as a Ltd. company and have just found this on gov.uk

    Those who pay themselves a salary and dividends through their own company are not covered by the scheme but will be covered for their salary by the Coronavirus Job Retention Scheme if they are operating PAYE schemes.

     

    Hope it is of some help.

     

    • PRO

      Yes, that's correct with most micro business Directors looking to take between ~£8.5k - £12.5k salary, so furlough yourself and it's 80% of the P60 figure

This reply was deleted.

Industry Jobs

Experienced gardener

EXPERIENCED GARDENER Full-time or Self-employed – Company based in Borehamwood, Hertfordshire Salary up to £25k, or self-employed £11/hour starting hourly rate, dependent on experience   The Role: Working as part of a team completing soft and hard landscaping duties for clients. Duties can include: • Hedge cutting • Weeding • Planting • Pruning • Border

Head Gardener for Private Estate

The role of the head gardener is the overall maintenance of the gardens, lawns and grounds. When the opportunity arises, parts of the gardens might be redesigned and replanted. The gardens form an essential and much loved part of a private estate. Main Responsibilities: Full management of 2 part-time assistants, including day-to-day supervision and working

Self Employed Gardeners

Grasstex are currently seeking to engage the services of local (West Sussex / South Surrey) gardeners. If you are a new start up looking for more work, or an existing business with the odd spare day to fill, we may have something for you. We have various types of work available to match your skills.

Gardener

Gardener required I run an established garden maintenance and soft landscaping business based in North London. I have a record of working in the industry and now work with fellow colleagues on domestic gardens. I’ve spent many years studying and training at Capel Manor. I’m looking to grow my business by taking on additional help

Trade green waste centres

LJN Sponsor

Advertising

PRO Supplier

ICL and Lancaster University joined forces in 2017 to conduct a first-time research into the effects of wetting agents on plant physiology.

PhD researcher Vasileios Giannakopoulos committed himself to the three-year project to find out how…

Read more…