Post
by newmember113 » Thu Aug 27, 2015 4:39 pm
Hi All,
Thanks for all the answers so far.
I have got a potentially huge problem.
I showed £50K in funds for the company I established, when applying for the T1 (Entrepreneur) visa.
One year after my visa was approved, I closed down the Ltd. company and started being self-employed.
My issue is that I never created a business bank account for the Ltd. and I have used the £50K for my personal expenses as well.
Could this potentially be a problem when I apply for the ILR? As my accounts will show for example £10,000 in expenses but the bank account will show £20,000 withdrawn, so they could ask where the other £10K went?
Thank you.