transferring company loan to another company

[northernladuk]

Just playing devils advocate here but you do understand the responsibilities of giving yourself this loan (Tax and BIK), the implications of not paying back in time (fines, interest) and the fall out for not handling it properly and trying to dupe HMRC?

You appear to be in a situation that could quite easily spiral well out of control if you don't do everything by the book and be totally transparent.

[Clare@InTouch]

Another company could loan you money which you then use to repay your current company, allowing you to close it.

It's the same effect as transferring the loan to another company.

[zamzummim]

I had to give myself a very large loan from the company this year, but I intend to close the company and I can't pay back the full loan, can one transfer loan to a new company?