I have just got off the phone to the child maintenance company who are currently working out what I am owed by my childs father as his regular maintenance payments. My Sons father is self - employed and has a registered limited company. He has avoided paying me for years, another than the sporadic payment here and there. When I was with the Child support agency they worked out his regular maintenance from his limited company it turned out to be a minuscule amount which increased significantly after they re-looked at the accounts and worked out what he was paying himself through the dividend. He never engaged with child support and never paid.
Now I am with the new Child Maintenance service he has started engaging with them and they are recalculating his regular payments but are telling me I have to work out what the dividend is and if this needs to be adjust which I suspect it will be? Does anyone have any idea how I would go about working out the dividend on a limited company? Any advice would be very much appreciated! Many thanks :)