Yes you are right that the money in a company cannot be used in this way. It becomes a loan that must be paid back within 9 months of the company year end. Unless of course the company was started with a large investment by the directors and then they are getting their money back. Capital is clearly the next issue.
Next half day directors training course is on 7 June (contact Ghita if you want details).
Or drop me a line (peter@hbinfo.org) with the company details and I will let you know what I think.
I agree with John….nil income cases! UC dont pay these after a short period of course.
