The house has about £200 - £250k equity in it after mortgage is paid. I dont know how much the business is worth. The net profit last year end was £134k.
Probably the latter, but Im not sure.
He sells print products but there is no warehouse and no stock held as he buys materials from suppliers and sends direct to clients.
i suppose so
No monetary, but I manage some money in and out and get all information together to go to the accountants for the VAT and the tax returns