Voluntary Winding Up Ltd with outstanding directors loans

Discussion in 'Accounts & Finance' started by TS1940, Jan 11, 2018.

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  1. TS1940

    TS1940 UKBF Contributor Free Member

    78 1
    I wish to close down my LTD. It hasnt made a profit and it owes me over £2k in Directors Loans which cant be paid back.
    The LTD's trading address was my house and I was wondering winding up with outstanding loans will affect my credit rating? Sorry if this is a silly question!
     
    Posted: Jan 11, 2018 By: TS1940 Member since: Feb 20, 2013
    #1
  2. KAC

    KAC UKBF Enthusiast Free Member

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    Does the company owe monies to anyone else besides yourself?
     
    Posted: Jan 11, 2018 By: KAC Member since: May 7, 2017
    #2
  3. TS1940

    TS1940 UKBF Contributor Free Member

    78 1
    Just me
     
    Posted: Jan 11, 2018 By: TS1940 Member since: Feb 20, 2013
    #3
  4. Lisa Thomas

    Lisa Thomas UKBF Enthusiast Free Member

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    It shouldn't affect your personal credit rating as you are not the company but could cause you issues with commercial lending etc in future for another business/Ltd Co.
     
    Posted: Jan 12, 2018 By: Lisa Thomas Member since: Apr 20, 2015
    #4
  5. KAC

    KAC UKBF Enthusiast Free Member

    970 216
    If you don't owe anyone money apart from you, you don't need to liquidate. Just file a DS01 form at Companies House and have the company struck off.
     
    Posted: Jan 12, 2018 By: KAC Member since: May 7, 2017
    #5
  6. Lisa Thomas

    Lisa Thomas UKBF Enthusiast Free Member

    2,765 328
    Posted: Jan 12, 2018 By: Lisa Thomas Member since: Apr 20, 2015
    #6
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