My husband and I agreed to split at the end of 2021. He moved out early 2022 and our house was sold and split 50/50 at the end of 2022. We are still not divorced because of the financial order. He has a substantial pension - he bullied me into signing and agreeing not to go for any of his pension which I agreed to. The judge threw it out early this year and said he had to make me an offer. He has now done so - a very small pension sharing offer - 7% ( this offer represents 50% of his pension accruement for a 6 year period - we were together for ten but only married to separation for 6 - minus the value of my own very small whole pension) but he has dragged his heals over finalising this.
A month ago, I was offered to take over the business I have managed for the last 10 years in a management buyout which basically means I haven’t ‘bought’ the business but will pay for it over the course of 5 years out of business profit. If I miss a payment 3 months in a row the previous directors have a companies house charge to take it back - if that happens I’d have no business and no job. My ex husband is now saying that he is entitled to half the value of my business. But, all I own currently is a large debt to pay it off out of company profit and I’m taking a lower salary to do so. And we have been split for nearly 3 years. Is anyone here able to advise where I might stand?
his pension value: £540,000
mine: £13,000
business value to me when/if paid off: £500,000