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No, you aren’t, Anonymous. Your “question” contains half a dozen red flags of insincerity, and you are clearly spoiling for an argument over Brexit. Let us count the obvious errors:“Closing my company” and “close the company” - not a real thing. People talk about winding up companies, or closing down a business (or, far more commonly, selling it as a going concern). But a company (or a business) is not like a laptop where you close it and walk away.“Firing all folk in January” - I think you are talking about a redundancy programme, which (as someone who claims to own and run a business) you would know is a time consuming process under UK employment law.“Moving the business in the EU, most likely to Central Europe” - So, if this is to be believed, you have a business which is currently a going concern, and you are planning to shut it down in the UK this month, but as yet you have no idea where you are going to relocate it to? You haven’t even located a site, much less done any cost analysis, far less started the process of getting permits and approvals? And I assume you (and your family) will also be moving to where your business will ultimately move to? Leaving it a bit late maybe (if it was true, of course, which it isn’t)?“The fastest way” - this is the real giveaway. What’s your rush? Most people who close down a business are mostly concerned with getting the best return on assets. Selling off plant and terminating leases in the most financially efficient manner. Their business is, after all, most people’s primary investment, so if they are going to close it down and sell it off they like to make sure that they do so in a way which achieves the best price for the assets. Or better yet, dispose of it as a going concern to maximise your price and eliminate the need to pay severance to your employees. But you view it as a rush to flog off everything as quickly as possible and jump onto a plane to, well, you don’t know where yet.No, I don’t think you own (or have ever owned) a business, and nor do I think you are trying to wind it up and restart it again “somewhere in Central Europe”.

Disclaimer: The following answer will be based in India. It may not necessarily apply to other countries.Warning: The following answer could get long causing distress and boredom to people with lesser patience.STORY (Can be skipped)I once had a friend. Let us call him Clark. One bright day, he thinks of doing some business. He fixates on trading in cotton. However, he does not have any money of his own to do business. So, he approaches a bank. The bank lends money to Clark to let him do his business.Clark spends the entire money carelessly and does not care much about the business anymore. Such a whimsical man! He was acting like a child whose toy is not new anymore and has, hence, lost its charm.Being a well meaning friend, I express my concern at his lack of seriousness in the business. He explains that he is not doing business with his own money. So, he has nothing to lose. If his business fails, he will just default on his loan to the bank and then it is the bank's headache to take over the assets, sell them, and recover their money.Needless to say, the callous attitude led to the expected end. The business flopped. True to his word, Clark defaulted. The Bank had to suffer some.The dust settled after some time. Now, the whims in Clark kick back in. He again wishes to do a business. This time, he wants to trade in wood. He approaches the bank (same bank, since there is only one bank in our small town). As the adage goes, a burnt child dreads fire. The bank this time refused to lend money to Clark. Clark demanded to know why. The bank explained patiently that Clark did not invest his own money the last time and that made him careless. So, bank could not risk lending him again.Clark is not easily beaten. He throws back a question, "What if I put my own money in the business? Will you then be sure that I will not be callous and will run the business properly?" The bank agrees to lend with the condition that Clark will put in his own money too.Clark called me up that night and asked to borrow money from me. He said that he would return it to me by the next dusk. Since I do not refuse a friend, I lent him the money. He took the money, showed it to the bank. The bank lent him money as assured. He came back that evening, returned my money and was now starting the business again - with only the bank's money!Needless to say, the same thing happened again. Negligence. Losses. Failure. Default. Bank suffers some.Clark took advantage of the fact that the bank had not stipulated for how long should Clark have his money in the business.THE POINTA company is typically formed by pooling money. There are primarily two sources of funds - owners and lenders. With the money thus raised from these two sources, assets are purchased by the company and the business is run. The lenders are paid off first and if money remains, then the owners take home some profit.Further, if the company is to dissolve, then all the assets are sold off and the lenders are paid before the owners.From these two aforementioned factoids, one could guess that the first right on assets is of lenders and then of the owners.Thus, it would be wrong to return money to the owner before satisfying the debts of the lenders. When a company redeems or buys back its shares, it does precisely this - return money to owners. Thus, this hurts the first right of the lenders. To avoid this compromise of the lenders' rights, it needs to be ensured that owners stay invested in business.Also, from the story above, one can see that when owners are lesser interested in the business, the lenders are at a higher risk. This is why there are benchmarks of ratios of borrowed money to owned money, breach of which is considered a sign of risk for the lenders.To protect the interests of such lenders, so as to maintain a healthy business environment, there are strict laws laid upon companies that dictate the withdrawal of owners' money from the business.When shares are redeemed or bought back, the company is required to either replenish the capital by issuing fresh shares in lieu of the redeemed or bought back shares or to transfer their funds to an account called the Capital Redemption Reserve (CRR). As the name suggests, it is a reserve created when capital is redeemed.Funds in Capital Redemption Reserve can be used for only one thing - issue of fully paid up bonus shares. Thus, any amount transferred to CRR will eventually be converted into share capital.Thus, with a transfer to the CRR, the owners continue to remain invested in the business and it is ensured that they are not paid before the lenders are satisfied.

Older is “over 30”???This software engineer looks down upon you with severe disdain and disgust. :pI am 58 now, and have only now decided to switch careers. Tired of all the LeetCode timed testing.I mean, it’s not like I don’t have a robust GitHub account. It’s not like I only have 40 year’s experience, and at the very start of my career, wrote an OS and part of a C compiler from scratch.No.Apparently, these things no long matter to today’s market. They want cheap coding monkeys, not seasoned and experienced software engineers who understand the business side of things, and know not to go for the next shiny feature over business concerns.No. Can’t be.So, after all this time, I have decided to switch careers. It’s not like I can’t be an Software Engineer / Architect for the next 20 years… maybe even longer. But I am tired of putting up with the BS that is today’s market.I am not a “coding monkey”, nor am I a “whiz kid”. But if your business is important to you, not only can I get things done; I can also hire others and run your whole show. If only you can figure out better ways to evaluate canidates aside from sending them a bunch of LeetCode challenges and only giving them 90 minutes to complete them.Take a look at my stuff on GitHub, and tell me I’m not innovative enough. Seriously.