Yes less tax is paid but ultimately the net profit (after tax) is also less because of the loss making company. In simple terms its actually good for a company to be paying tax (after correctly taking into account all of the available allowances) because that translates into a measurement of success.   

Trouble with that is, if Batchelor gets stuck behind traffic, we all no what he does, Cooper would be late for the meeting 

My Star w / e 20th Dec arrived today, think I'm up to date now so all is well 😉.  I also feel for Pinegen, always feel a bit guilty asking for replacements (copies missing after 3 days never turn up) but they are ok about it, apologise & send duplicates straight away.  I've sometimes boiught another copy from likes of Asda / Tesco / TJ Jones / whoever but often there are none on the shelves, usually at the same time as my '3 days late & gon foreva' copies.  Hmmm....

You are correct. If company X makes a profit of 100 and company Z loses 50 then a person owning both companies would be worse off than if he only owned company X. He also doesn't get to offset the total loss of 50 in his tax return only the taxable value. So say he is due to pay 35% on his 100 profit i.e 35 he would be able to offset his loss of 50 x.35 = 17.50 giving a final tax calculation of 35 - 17.5 meaning he would pay only 17.5 instead of 35.  So If he had one company that made 100 profit, after tax he would make 65 net. If he owned to companies, one making 100 and one losing 50 he would make 32.50 net    Also worth considering that if a person owns two companies then they must be declared in the eyes of the taxman as being a part of a holding group or that a single person owns both.  

That's why I suggested him as a short term back-up option. Otherwise I would have said he would be a good signing full time. If he wanted to ride in the Champ only other option would be Scunthorpe, but would be tough to fit him in alongside Pickering. Credit to him for being brave enough to leave Champ behind & try to progress as a rider, if that's his plan, but kinda feel one season too early for that.

May change his mind like cairns did last year 🙃 also could share a lift with batch to get to worky 😃