Investment NOT DONE in the Original Company

[bajo85]

Dear Gurus and Forum Members,

This forum is very informative and helpful I would like to thank you all who actively contribute to the forum and help members in submitting applications with correct documents. COMMENDABLE

I have Tier_1_(E) LTR, PRE 6 April 2014, PSW 50k route, points claimed for funds available in the UK, Setup two companies; ABC company in January 2014 and XYZ company in February 2014, (Both companies' business above level 4) Initial LTR granted on 3rd April, Now going to apply for extension.

With Initial application, I had submitted documents of ABC company (Director appointment report, Contracts, Bank Letter and Marketing Material etc.) BUT didn't submit any document of XYZ company.

During initial LTR grant, I've invested 62k in XYZ company and created 1 Full Time Job (140+/month) for 19 months, 1 part time Job (18+ hours/week) for 21 months and 1 Part Time Job (16 hours/week) for 12 months.

Now I want to claim points for investment done and Jobs created in XYZ Company and will submit documents (director's appointment reports, job creation evidence, company accounts showing Investment etc.) but wouldn't submit any document of ABC company.

Will I meet the extension requirement? or I should've invested and created jobs in the ABC company which I had told HO in the initial application.

I've found a relevant paragraph 96 in the policy guidance "We recognise that, as an entrepreneur, you may have moved on to other activities and no longer be involved in the business in which you initially invested, but we still require this evidence to show that the money was invested" ??? Which Company ??? In the company told in the initial application or in any company?

Thank you in advance for your help. Your guidance and comments will be highly appreciated

[zimba]

There is no such requirement to invest in one initial company or such. You score points if you invested in any company during your initial grant as long as you were a director. You can move on from any business as you wish and even score points from multiple business (e.g invest in ABC and create jobs in XYZ)