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Ive been considering this.
Friends who are in the same boat have floated a scenario where they set up a second Ltd co now and gradually transfer work to this new company (co.2). Take loan on the existing company co.1. Pay out loan as salary via co.1 then fold company.
Wouldnt do it myself, but cant see the reason it couldnt be done.
lardy-
Fold without repaying you mean?
Maybe they should have a read up on phoenixing
NotThamesWater
Amendment to the business loan scheme - now £50k available with a 100% guarantor function from government and interest is paid by gvmt for first 12 months. I still want to avoid loans if I can avoid it but I'm slightly more swayed now if it comes to it.