Changes in MoT rules & Regs came up at my last MoT in September.
My local Indie looks after servicing & MoT. He is retiring & has changed from
a partnership to a Limited Company - 30 years+ in business & MoT tester
for nearly 30 years.
Because of the changes he & his son were off for MoT education.
He found out lots had changed over his 30 years & his son's 20 years.
Every day is a school day - no matter how old you are.
He has banked with the same bank & same branch for 30 years
and according to him an unblemished record. When he said "add Ltd"
the full force of the bank regulations fell on him.
Proof of who he, his wife & son were, business plans for the new company.......
He had never written a business plan in his life - his oral business plan (which passed)
was to earn enough money this month to pay next month's bills and avoid have
to pay any Bank Charges for borrowing. This worked as he has had no business loans in 25 years!
|