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First of all - no, it not an issue.Atif786 wrote: ↑Sat Oct 07, 2017 3:16 amHello Everyone and all the gurus and moderators,
i have just found out in policy guide and Modernise guide to the case workers , it states on page no:47 version 11/2016
Types of investment accepted for the award of points :
1)Direct cash investment
2) Share capital
3)Director’s loan ( unsecured and subordinated in favour of third-party creditors.
Types of investment excluded from the award of points :
it goes in details about property management and construction business , but in the last para it also states
"Money deposited in a bank account, even if it is in a United Kingdom business bank account, is not counted as investment in business. The money should be used in the business, for example to encourage growth or expansion, or to improve services or products. "
( the same para is there in modernised guide to case worker)
i am worried as i invested all 50k in 2015 and it's never been spent as my company has been in profit since it incorporation and all wages, goods and running cost born by the company through it's profit.
and 2nd worry is that i have mentioned this in my covering letter and accountant's confirmation letter that 50k still available in the business account.
will it cause any problem? gurus your view on it please?
That definitely won't be your problem. Don't worry.Atif786 wrote: ↑Sat Oct 07, 2017 1:56 pmOk I got your point , my worry is I have written in the
Covering letter that 50k is still avaliable in business account as company has been in profit , so it may not misinterpreted by the case worker .
But my spendings or admin expenses over three years is nearly 90-100k.
I hope it won't cause any issue , being very pessimistic about all this .
Can only pray that everything falls in place