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Freebiejeebies Ltd

This is a discussion on Freebiejeebies Ltd within the Freebiejeebies forums, part of the eXceem supported sites category; Just a post to let you know that we are now trading as Freebiejeebes Limited (Company Number: 7097671) from 01/02/2010 ...

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Old 16-02-10, 10:16 PM   #1
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Freebiejeebies Ltd


Just a post to let you know that we are now trading as Freebiejeebes Limited (Company Number: 7097671) from 01/02/2010

I'm finding a lot of you thought we were a company anyway so it's not really news to you.
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Last edited by moviedrome; 16-02-10 at 10:17 PM..
 
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Old 16-02-10, 10:28 PM   #2
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So what were you before?

A very profitable hobby?
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Old 16-02-10, 10:28 PM   #3
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Can I buy shares in FJ?
 
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Old 16-02-10, 10:31 PM   #4
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So what were you before?

A very profitable hobby?
We were a partnership... and yes, we made about £1.46 so pretty profitable
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Old 16-02-10, 10:36 PM   #5
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Quote:
Originally Posted by Simmo View Post
Can I buy shares in FJ?
not publicly listed i'm afraid
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Old 16-02-10, 10:37 PM   #6
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Quote:
Originally Posted by Monkeyegg View Post
We were a partnership... and yes, we made about £1.46 so pretty profitable
you forgot to take off tax again!

We made 39p after tax
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Old 16-02-10, 10:39 PM   #7
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Quote:
Originally Posted by moviedrome View Post
you forgot to take off tax again!

We made 39p after tax
You lost 73.287671% of your revenue to tax?

Something doesn't quite add up
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Old 16-02-10, 10:42 PM   #8
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Quote:
Originally Posted by Maxx View Post
You lost 73.287671% of your revenue to tax?

Something doesn't quite add up
Yeah well it's tax, NI and VAT remember
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Old 16-02-10, 10:45 PM   #9
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not publicly listed i'm afraid
Ah ok. Do you decide whether to be publicly listed or not?

Just wondering btw.
 
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Old 16-02-10, 10:48 PM   #10
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Quote:
Originally Posted by moviedrome View Post
Yeah well it's tax, NI and VAT remember
I think I'll have to take your word on it
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Old 16-02-10, 10:48 PM   #11
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Quote:
Originally Posted by Simmo View Post
Ah ok. Do you decide whether to be publicly listed or not?

Just wondering btw.
Yes, but I think we have to become a PLC to list on a stock exchange which is even more hassle than becoming a LTD co
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Old 16-02-10, 10:49 PM   #12
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but i wanna buy bits of you(r company) lol

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Old 16-02-10, 10:51 PM   #13
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but i wanna buy bits of you(r company) lol
Nice edit
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Old 16-02-10, 10:52 PM   #14
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Re: Freebiejeebies Ltd


It is the companies decision wether to float themselves on the Market and sell shares, but it would put some of the ownership into other peoples hands!

I'd buy some though!!

I can just imagine FJ 10/20years down the line having come from a partnership to an oligopoly!! Then world domination
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Old 16-02-10, 10:53 PM   #15
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FJ must have the monopoly share of the uk freebie scene (dunno how to spell it but it is said "seen" lol)... and i think theres laws about shiz like tht lol

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Old 16-02-10, 10:59 PM   #16
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Old 16-02-10, 11:00 PM   #17
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Shares in FJ would be a good investment imo.
 
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Old 17-02-10, 01:14 AM   #18
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We are all effectively share holders anyway in the sense that we get paid dividends for each ref
 
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Old 17-02-10, 01:46 AM   #19
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We are all effectively share holders anyway in the sense that we get paid dividends for each ref
Yeah, but shareholders get paid for each of furbs' refs too
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Old 17-02-10, 08:24 AM   #20
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Ah ok. Do you decide whether to be publicly listed or not?
They do but it's pretty expensive! They would first have to convert to a PLC which means they would need £50k in capital reserves to start with, plus the legal costs involved.

Then the cost of floating can be huge depending on the exchange you list on. We were involved in a flotation where total legal costs for the group of companies floated where in the region of £750k!! Admittedly it was a very complicated flotation and they tried 4 different exchanges over a 9 month period but you would probably still be talking about minimum £25k (and I mean absolute minimum!!) costs. No point in a company this small floating.

Quote:
Originally Posted by moviedrome View Post
Yes, but I think we have to become a PLC to list on a stock exchange which is even more hassle than becoming a LTD co
Becoming a Ltd co is no hassle

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Originally Posted by ainsleee View Post
We are all effectively share holders anyway in the sense that we get paid dividends for each ref
No! We are stakeholders or creditors. We don't get dividends. If we were shareholders they would owe a different duty of care to us and there would be different tax implications.

Even though you are a limited co people can still buy shares in the company if they want, you just can't offer them to the public but if someone approached you with an offer for them you would be able to sell. However in a company this size there would be no real benefit to having a shareholder who doesn't take part in management.

Very interesting though, i'm going to go and snoop around!
 
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