Stuck in a Rut!

[WizenedFilly]

(Have namechanged)
Bit of background info:
DH and I have been together for ten years.
He owns a business and is qualified in said business and has been for 20 years.
The business does ok, so far as he takes a wage every month and it gets by. Profit has pretty much been non existent for the last ten years. I have to add it is a Limited Company and therefore he is under the Paye scheme. He is the only person in the business.
Up until last year we were both working for said company, me as bookkeeper and he as professional. As the business couldn't really afford to pay me and him, I started a new job in a supermarket (which incidentally I love), which allowed us to buy christmas presents for our 4 DC's and take the stress out of every day surviving.
His business obviously means the world to my DH and he is bloody good at what he does.
We are heavily reliant on Working Tax Credit and Child Benefit to survive.
He earns around 7500 a year and I now earn around 9500 a year.
I work around 20 hours a week and he works 40+ hours a week. The maths doesn't add up I know.
We have a four bed semi, which we are managing in fine, but slightly more space would obviously help. Our mortgage is manageable 20 years left and 1/3 left to pay of the value of the house.
At the end of last year he was offered a job by another professional in the same field for around 28000 a year. We had a chat about it, but he likes being his own boss and said it would be too complicated to close his business down (bank loan and overdraft) and move all of his clients.
I have to say though, the more I think about it the more I think he is daft to not take it. I would love to have a full time job, with full time wages, but I am expected to be there for the children, drop off and pick up from school, medical issues etc etc.
I had another chat with him recently, but again he said he doesnt want to be under someone. I suggested maybe going into business with other person, but he is against that too.
Just feel like we are completely stuck in a rut. I cant get a job with more hours, as he cant work any less hours and he is refusing to even consider a job which will pay considerable more without us being reliant on WTC.
Any advice greatly appreciated x

Been in your position.
DH has been in your DH’s position & was for 20 years.

Every problem has a solution and your DH, quite frankly, is only thinking about himself.

There are different ways to pay off business debt & loans - he can speak to his accountant or even the companies themselves as to how they would accept payments/which repayment plans would be agreeable, the monthly figures and rates, the term.

My DH arranged to repay £40k+ over 8 years from the winding-down date of the business. It’s quite simple if he actually investigates it 🤷🏻‍♀️You would have to take that into consideration from his new higher salary. What is the likelihood of his employer being ‘at risk’ more than your DH losing his own clients from his own company?

As for someone having a hold over him, that’s completely natural once you’ve been self-employed but he would still get annual leave...in fact the benefits outweigh (in most cases) the negatives...paid sick leave, paid Bank Hols, less paperwork & admin......

I do understand where you’re both coming from

Thank you so much for your reply.
I just don't know how to get him to consider it. We have both tried to bring the profits up in the last ten years, to no avail. Albeit we have 3 young children to contend with now too.
The other employer knows how good my DH is at his job, hence why he wants him. Also my DH would be bringing all his clients with him, so I think we could even negotiate a "better" deal of that makes sense?
How do I get my DH to think about it more. I don't want to go down an ultimatum route, but with me not being able to increase my hours at work , due to his work hours, we are literally stuck! X

How many hours does he work a week/month now?
That was what won the argument for me. He did 80+ p/w and we didn’t have a holiday for 7 years...it was about getting it into proportion.

Put it this way...if he earns more money now (ie by switching) he could retire early & have more playtime later on perhaps?

He’d be able to take paid days off for the kids sports days whereas at the moment presumably he loses pay?

If the salary is on offer at 3 times your Dh’a current rate and he is still not considering it, there is something else going on that’s stopping on and from what you say it’s the lack of control. Could he - if you agree, obviously- have a chat with this new employer about ‘buying into’ the existing business to regain some of this control he is so scared of losing?