Re: [Gauge0] Guildex Ltd
- Hi Brian,
I know that the Limited Company structure gives these protections and is all quite normal and above board. However this was given as one of the reasons for the formation of Guildex Ltd and I wondered how other members og the Gauge O Guild felt about this. There is a difference between the circumstances where a business, set up in good faith, could for a variety of reasons fail and have it's directors etc. protected and setting up a separate company for the specific purpose of "protecting" the main company in this way. I did not like the thinking behind this, I felt it was unworthy of the Gauge O Guild. The only way it could "protect" the Guild is by providing a stratagem to default on debts incurred should these become too great. I would object to this being done in my name and I suspect that there are other gentlemen (&ladies) in the Guild who would feel the same. I see no reason why Guild Exhibitions, if organised in an economical way and properly budgeted, should be in danger of losing large sums of money anyway but if the worst were to happen I would prefer to "do the descent thing" and at worst call in the small sums (£10) that we all have contracted to guarantee Gauge O Guild Ltd.
I hope that this thinking and the levels of spending behind it will become a thing of the past if new forward thinking people take command of Events. I note from Board minutes that demonstrators at Kettering cost £1000 in expenses. I also have a set of accounts from another more frugal organisation which show 19 layouts plus demonstrators for £1800 of expenses. Who would you rather have running your shows?
----- Original Message -----
From: Brian Rumary
Sent: Saturday, June 30, 2007 3:30 PM
Subject: Re: [Gauge0] Guildex Ltd
Ian Kirk wrote:
> When Dodgy Ltd goes bust owing money everywhere Mr Dodgy's personal home and property
are protected and Mrs Dodgy Ltd can go on trading.
This has always been the case with limited companies - directors and executives of a
limited company are not personally responsable for the company's debts, as long as they
have not engaged in illegal activity.
Brian Rumary, England
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- I seem to have started a hare running given the explosion of e-mails in my
Some more thoughts on exhibitions - helpful I hope.
Yes Pierre I hve organised an exhibition, it was many years ago but it did
make a �4000 profit. One of the reasons for this and something the Guild
might want to consider is seeking of sponsorship. I am not talking about the
Vodafone Gauge O Guild Exhibition but there must be companies that would
willingly pay for their name to be plastered over the show guide or would
willingly take advertising space. Yes it would detract from the genuine
railway traders and traders adverts but it might help to keep costs down if
indeed they need to be so high.
I am not able to get to Guildex these days but when I did go the show was
much smaller and presumably hall costs lower. So some navel gazing needed.
Do we need such a big show? Could we not tack Guildex onto another event
such held at a larger venue such as those organised by BRM. The Guild has
one hall and the rest of the show has another or even another two. All this
would need to be costed out and a proper budget and forecast compiled but I
would endorse what Kevin Pearson is saying - it is possible to hold a show
and make money without ripping everyone off.
Maybe it is not possible now for members to get in free but a much reduced
fee might make some think the subs are better value for money. It certainly
felt that way when I first joined.
I would be interested in others views about sponsorship in particular.
>From: "Jim Snowdon" <jim.snowdon@...>_________________________________________________________________
>Subject: Re: [Gauge0] Guildex Ltd
>Date: Mon, 9 Jul 2007 20:57:35 +0100
>Maybe, but why form a limited company when the apparent objective is to
>protect a name, which could equally have been achieved by registering it as
>a trade mark? As it is, even though Guildex Ltd may be a wholly owned
>sibsidiary of the Guild, that doesn't stop someone else adopting "Guildex"
>as a title for an event. Count me as a sceptic, but going to the effort of
>registering a company, and then not using it does seem a little odd, but
>then dormant companies can also be made un-dormant. Would the affairs of
>Guildex Ltd actually be open to scrutiny by the members?
> ----- Original Message -----
> From: Michael Marritt
> To: Gauge0Group message
> Sent: Monday, July 09, 2007 5:19 PM
> Subject: [Gauge0] Guildex Ltd
> HI to all intersted,
> The Guild Council decided on Saturday that 'Guildex Ltd' would remain in
>the Guild's ownership, but will remain a dormant company. That will stop
>any ill intentioned person(s) from purloining it and using it to the
>detriment of the Guild.
> Mike Marritt
> Conrep area 12
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