Limited company with 1 share of 1£

User deleted 9 July 2018 20:32

Hi Guys,
I'm based in France and found a client in the UK. I created a british limited company with the minimum capital required but now I have to invest a little bit in order to service my client.

I'll have to live in the UK for 3 months. Obviously the capital is not enough to support the business set up fees.

Can I just lend my company a certain ammount of money to pay for example the first month of rent and the deposit and sent it back to my personal account once I get paid by my client ?

Thanks,

Gordie @ Danbro 14 August 2018 11:28

Gordie @ Danbro

Messages count : 5

Likes count : 7

Registration : 14 August 2018
Contact in PM

Hi there, that's perfectly fine, yes.
Noor2018 14 August 2018 12:56

Noor2018

Messages count : 7

Likes count : 2

Registration : 22 May 2018
Contact in PM

ka benz, post: 206465, member: 31201 a écrit : Hi Guys,
I'm based in France and found a client in the UK. I created a british limited company with the minimum capital required but now I have to invest a little bit in order to service my client.

I'll have to live in the UK for 3 months. Obviously the capital is not enough to support the business set up fees.

Can I just lend my company a certain ammount of money to pay for example the first month of rent and the deposit and sent it back to my personal account once I get paid by my client ?

Thanks,
Hello Ka,

You might find it helpful to talk to a freelancer accountant.
Gordie @ Danbro 14 August 2018 14:59

Gordie @ Danbro

Messages count : 5

Likes count : 7

Registration : 14 August 2018
Contact in PM

Noor2018, post: 206542, member: 31038 a écrit : Hello Ka,

You might find it helpful to talk to a freelancer accountant.
I can confirm that introducing capital is fine; it will be credited to the Director's Loan Account and can be reimbursed later once the business is in receipt of cash. 🙂