Thanks,  sadly we are down south.

think I will check out second hand kids ones

We had a labradoodle before, who lived to 17 and only in the last couple of years slowed down so we got her a buggy so we could go for longer walks.  In her youth she would happily do a 15 km MTB ride or be happy to sit at the bottom of a crag all day and chase the occasional rabbit.

This time we are getting an Australian labradoodle ,  so much smaller, approx 15 kg rather than 30 kg and we are planning ahead .  We have met lots of people with dog trailers and use them as a way to go out for the whole day, so mixing cycling with dog walking.    Like bike racks, there are lots out there to choose from and I would rather get recommendations rather than just google reviews. 

She is a labradoodle ,  expert in stealing food and sleeping.

I am 5’ 8” and ride a medium.  I went to the Canyon test center in Surrey Hills ,  had to pay a fee to test ride a number of bikes for the day but got it back when I bought one.

MyWhoosh is currently free,  works well for training.  Not tried the racing.  Hopefully will remain free for a while longer.  Only downside is it requires a fairly high end device to run on

Turbo trainer ,  something with long term usefulness – wahoo kickr smart trainer.  Also lots of good second hand ones around.

Sorted,  will the raffle draw be live like the Megasack big draw

Please ensure you remove your helmet before tugging your forelock.

If they fail their year end covenant ( which the article suggests) that will trigger a potentially default on the bank debt and the bonds – which means the debt holders take charge of what happens next. It would be normal for the investors to be allowed to put in more equity to cure the default, but they are under no obligation to do so.

There are three main credit rating agencies – S&P, Moodys and Fitch. Each has their own rating scale with S&P ( and Fitch ) using a combination of letters and +/- , the best rating is AAA, then AA+, AA, AA – and so on all the way down to C. Investment grade rating stop at BBB-, and junk/high yield starts at BB+; Moodys uses a combination of letters and numbers. Ultimately they all map to a probability of default ( the point at which the creditors, normally banks and bond holders will call in the receivers to try and get there money back. )

The key point here is if they fail their debt covenants ( normally defined in terms of interest coverage ) the debt holders ( normally Banks ) will come in and either liquidate the company or force a sale to new investors ( if they can find anyone) .

The fact that they are so highly leveraged ( lots of debt ) suggests that they are probably owned by one of the private equity funds , who will cut their loses if they can’t see a future where they can make money – the one thing they won’t care about is the people who have already bought the products

There are three main credit rating agencies – S&P, Moodys and Fitch. Each has their own rating scale with S&P ( and Fitch ) using a combination of letters and +/- , the best rating is AAA, then AA+, AA, AA – and so on all the way down to C. Investment grade rating stop at BBB-, and junk/high yield starts at BB+; Moodys uses a combination of letters and numbers. Ultimately they all map to a probability of default ( the point at which the creditors, normally banks and bond holders will call in the receivers to try and get there money back. )

The key point here is if they fail their debt covenants ( normally defined in terms of interest coverage ) the debt holders ( normally Banks ) will come in and either liquidate the company or force a sale to new investors ( if they can find anyone) .

The fact that they are so highly leveraged ( lots of debt ) suggests that they are probably owned by one of the private equity funds , who will cut their loses if they can see a future.

For a new private LTD you don’t have to file accounts for 21 months. Check the HMRC website. https://www.gov.uk/prepare-file-annual-accounts-for-limited-company

The requirements for having accounts audited depends on a number of factors, again check the HMRC website.

You need to keep good records as even if you don’t make a profit in the first year , you will want to roll forward any losses.

Good luck.

Please make sure you tell your executors of your wishes and document them in the will. I have been an executor on a few estates and it is not an easy job but not insurmountable if you are well organized and methodical. The HMRC helpline is very good. One of the new issues which executors are having to deal with is everything moving on line – so unless you keep good records how will the executors know about all your assets particularly if you have online investments and savings accounts. We still have a “Death” file with hard copy summaries of what we hold.

Good luck.

OK, so if you want liquidity and minimum fees then look at index tracking funds , classically FTSE 100 is very international and FTSE 250 is more UK focused. But all funds can go down as well as up and definitely not a short term investment. Bond funds obviously are not as volatile. If placed into an ISA then you have the legal tax avoidance shield.

Alternatively invest in yourself , use the excess funds to travel ( with or without a bike ) or study.

But ultimately the safest thing is to pay down the mortgage and eliminate uncertainty.

Probably worth keeping 6 months cashflow in liquid funds in case your employment changes, after that clear all high cost debt ( credit cards etc ) and then pay down the mortgage ( market is looking for increases in base rate globally in ‘23 before stabilizing and dropping back ). Other obvious thing is buy a new bike etc as general inflation will outpace any interest on savings.

Christmas has officially started .

Glad you liked the picture of Julie with her new friend, it was very keen on the 510s !

Done. Really sorry to hear this. Wish him the best.

Have you considered buying some electric heated socks , very common for skiing and snow boarding. Not cheap but they will solve the problem. A friend has the Lenz ones and loves them , she has had them for five years , lots more available on the market now.

In terms of Brokers , many brokers don’t want to be bothered with Estate accounts – expensive to set up and not going to be around for long hopefully (most Estates are settled within a year ), plus you have to do extensive KYC checks re anti-money laundering. The same is true for Trusts, lots of new anti-money laundering legislation to deal with.

The certificates are required by the Registrar to make the transfer into the name of the Estate – this should be free. If the certificates have been lost or destroyed the Registrar will ask for an indemnity and then issue new certificates – they normally charge for this .

Just been through this process.

First you need to get probate , the value of the shares for Probate is the value on the date of death.
Once you have obtained probate , then you have two options. Either transfer the cerificated shares into the Name of the Estate once that is done you can sell the shares. You will need to set up a Bank Account in the name of the Estate, most of the high street banks will do this. You will need to send the original share certificates plus the probate certificate to the Share Registrar. Most of the Registrars actual have a dealing service for the main UK Shares, if you simply want to sell the Shares ( if the shares are sold within one year of death and for lower than the probate value then you can apply to get any Inheritance tax back. If sold for more the Estate may have a CGT liability depending on the actual gain – Estates get an independent CGT allowance in their own right, as well as an Income Tax allowance.) The second option is to Transfer the shares directly into the Name of the Benificiaries if they want you to, for future CGT calculations the carrying/transfer value will be the value used in the IHT calculation. The Benificiaries are then free to sell the Shares or hold them.
As an Executor , you have a duty of care – you are not theere to speculate on the market.

DM me if you want any other information. It is actually very straight forward.

Since you asked so nicely, I have subscribed.

Thanks , have spent time doing more research and it seems in the last 4 years MTB s have advanced far more than road bikes ( with the exception of electronic shifting ) in terms of gearing and standards – so I am going to find the bike a new home as a whole ( shame I am too old to grow in to it )

Thanks,  I will give him a call on Monday and get his advice  –  if it will solve the problem an external battery is far cheaper as an option –  the current Diablo is working fine ( the burn time is as advertised by exposure ) ;  I just want a longer burn time

Thanks,  which battery pack are you using –  they seem to make three alternative sizes –  didn’t know if they are simply there to recharge a unit or extend the burn time while the unit is being used

H

may have to opt for the Go Pro to Exposure light adapter instead

only question is when does registration open for next year – may be add in timed sections on the hill climb up to Stage 3 and the cross country section between 4 and 5 , the best bits of the route in gale force winds. May be some of the riders walking up the hills should look at electric MTBs .

Ah, the joy of dyslexia – Expect

Accepted , and also the vast majority of components are also imported, so probably a price increase but may be slightly less

Excellent – thanks , let the planning commence

If Hayes is not to far , join Bigfoot CC – strong MTB group – night rides twice a week plus trips – just back from Morzine and SDW in a day, with Wales trips planned for later in the year – check out the photos the Morzine trip on the website and you will get the general idea

flying down on the 25th – XC for me (DH is for younger and braver souls )

Thanks.

Dave I hope you are now fully recovered

Thanks – I will check out CRC and probably order on line and send it back.

Thanks

Easy – Labradoodle – we have three kids ( well now young adults ) and Tess the labradoodle – she is the best bit of the family.

They have the temperament of a labrador , so will sleep all day but don’t shed hair in the same way.

Having been brought up 9 miles down the coast in Perranporth , I would not want to live in Newquay. Tell them to look at Perranporth or St Agnes – much smaller and nicer ( and not as mad in summer )

Thanks – will have to get the maps out – really limited to 4 days

Thanks, any GPX or mapping