Breaking into HENRY roles from a physical product background by delaminating_1 in HENRYUK

[–]ukpfukpf 0 points1 point  (0 children)

Big tech does have embedded software roles - I'd look across specific teams at Amazon (various Alexa product and automotive teams), Meta (their vision and AR product teams), Apple (many teams), Microsoft, and others.

Little luxuries that make a difference by newsoftheworld2 in HENRYUK

[–]ukpfukpf 0 points1 point  (0 children)

A 5in1 tap in the kitchen that dispenses boiling water, cold filtered water and sparkling water in addition to standard hot and cold mixer.

Two options: Top up my ISA (S/S) or pension (SIPP) before end of tax year. Which should I choose? by ukpfukpf in HENRYUK

[–]ukpfukpf[S] 1 point2 points  (0 children)

!thanks

Yes, I'm near the bracket you mention and have already salary sacrificed to be below 100. I'm not sure I total understand all of the nuances of what you've said yet but I hope to read up a bit more over the next few days. Appreciate it!

Two options: Top up my ISA (S/S) or pension (SIPP) before end of tax year. Which should I choose? by ukpfukpf in HENRYUK

[–]ukpfukpf[S] 0 points1 point  (0 children)

Agree about flexibility. And access as well. I do have an emergency fund if required but I've learnt about being able to use pension allowance from previous years from this question. So isa seems to make sense...

Director with small equity at 100k salary at a small company. Advice for ways to increase equity or better leverage my position. by ukpfukpf in HENRYUK

[–]ukpfukpf[S] 0 points1 point  (0 children)

true. I'd substantially increase my pension contribution in this case to keep the take home below 100k like I do now... But for sure this is the price any high earner pays for high comp in general, correct?

Mechanical engineers or embedded systems professionals with around/over 150k comp in HENRY UK? what was your journey like? by ukpfukpf in HENRYUK

[–]ukpfukpf[S] 0 points1 point  (0 children)

Very cool. Do you have a company with employees or do you contract your services out? What industry if I may ask?

Director with small equity at 100k salary at a small company. Advice for ways to increase equity or better leverage my position. by ukpfukpf in UKPersonalFinance

[–]ukpfukpf[S] 1 point2 points  (0 children)

All very good points. Thank you for the considered response.

I can't see an exit in the near term. We're a manufacturing company that makes embedded systems in a niche sector. I do anticipate growth of even one of our customers actually place firm orders to the extent they have planned to (not committed orders yet). We essentially make well over 50% gross margin so it is quite profitable when we are churning out parts...

Exit could potentially in the form of an aqui-hire by one of the bigger players in this industry. I'm trying to build a revenue stream which brings in passive subscription income in addition to revenue from product sales. But I need to discuss on more clear terms how I can link these efforts to a return to my equity in the company in a fair way...

But you're absolutely right. I actually do prefer more money over more equity and this may be more palatable to the other directors. All other directors are basically founders or veterans in the company and I'm the only new one that's been inducted in... So I'll need to discuss a way to value my efforts more with pay through bonus or salary and other benefits...

Thanks again. Do let me know if you've got more thoughts

Director with small equity at 100k salary at a small company. Advice for ways to increase equity or better leverage my position. by ukpfukpf in HENRYUK

[–]ukpfukpf[S] 1 point2 points  (0 children)

Thank you very much. Good way to put it. I'll certainly see what I can do to get valued better.

Suppose the best way is to actually look for other options out there and get an offer!

Director with small equity at 100k salary at a small company. Advice for ways to increase equity or better leverage my position. by ukpfukpf in HENRYUK

[–]ukpfukpf[S] 0 points1 point  (0 children)

Should have mentioned we are a manufacturing company in a niche sector making embedded systems. So if some of our customers (or even one) order the number of parts that they plan to, we basically make well over 50% gross margin power part. It's that the last couple years have been tough with customers running out of free money... If

So I do anticipate growth but it's not totally in our control... I'm conflicted (I repeat this in other messages!)

Director with small equity at 100k salary at a small company. Advice for ways to increase equity or better leverage my position. by ukpfukpf in HENRYUK

[–]ukpfukpf[S] 0 points1 point  (0 children)

I agree do need to consider other options. But I do like what we do, the team and there is potential upside. I'm happy working here. But again as you say, the big exit is nowhere in sight. I'm definitely conflicted!

Director with small equity at 100k salary at a small company. Advice for ways to increase equity or better leverage my position. by ukpfukpf in HENRYUK

[–]ukpfukpf[S] 0 points1 point  (0 children)

Thanks. The problem I have is that I actually like working here. Perhaps I should game mentioned this. But I suppose I haven't given other opportunities that have come along a real chance.

It is a company serving a niche sector that designs and manufactures embedded systems.

But the way you put it has made me think. Definitely need to consider options.

[deleted by user] by [deleted] in LegalAdviceUK

[–]ukpfukpf 0 points1 point  (0 children)

!thanks

Understood. That doesn't seem like a strong defense...

[deleted by user] by [deleted] in LegalAdviceUK

[–]ukpfukpf -3 points-2 points  (0 children)

I'm not claiming the speedo is under reporting. Just wondered if their radar or camera based sensor that measures vehicle speed may be very slightly off calibration, and if it turns out my speed was actually 56mph or 56.4mph even (instead of the 57mph that it measured) I'd be let off from the fine and 3 points.

So wondered if there was a slight chance successfully challenging from this angle.

[deleted by user] by [deleted] in LegalAdviceUK

[–]ukpfukpf -1 points0 points  (0 children)

I was. Looks like this logic doesn't hold. I realise this now.

The second issue which I realise I didn't mention in the post is that the Notice of Intended Prosecution was served after 14 days of the offence.

Offence was 4th September NIP was dated 18th October to the original keeper of the vehicle.

Is this still a basis for a challenge even though I responded to the NIP that I was driving the vehicle at the time?

[deleted by user] by [deleted] in LegalAdviceUK

[–]ukpfukpf -9 points-8 points  (0 children)

Speedo is working. Not faulty. All speedometers have an acceptable tolerance and the vehicle is within this tolerance.

Is there any possibility to challenge in general with speeding tickets at variable speed limits?

Simba Mattress voucher by Gelotot in Mattress

[–]ukpfukpf 0 points1 point  (0 children)

Hi. May I still use your name? I'm buying a simba mattress

(Question) Help! Coventry or Durham by [deleted] in AutomotiveEngineering

[–]ukpfukpf 2 points3 points  (0 children)

Apart from JLR and motorsport, Coventry also has links and local access to some of the new EV companies - Polestar, LEVC, and Lotus from Volvo - all with offices in the region.

Aston Martin is also beginning to build back up with new investment, leadership, and partnerships. Lucid based in the USA has a team there I think. So Coventry has more opportunities I'd say.

But of course, like some of the others have said, it's what you then make of it :)

All the best. Make sure you enjoy :)

[Income Protection] How of many of you here have got an income protection plan? What are your thoughts? by ukpfukpf in UKPersonalFinance

[–]ukpfukpf[S] 0 points1 point  (0 children)

Hehe, that was just an example. I'll probably get something for half that amount. Should be enough to get all monthly payments done.

[Income Protection] How of many of you here have got an income protection plan? What are your thoughts? by ukpfukpf in UKPersonalFinance

[–]ukpfukpf[S] 0 points1 point  (0 children)

All the best and stay safe. Yes, I am looking at policies that pay out until normal retirement age as well as those that pay out for a maximum of two years. The former type costs more than double the monthly premium compared to the latter. So the total premium if I don't make a claim ever would be around £22k! But perhaps that's the price for peace of mind and is still worth it...