Urgent- please help! About the investment

[WM2017]

Hello everyone
We are tier 1 entrepreneur under £200k route. We have made the total investment of £200K. However around £40k is by the method of pre-commencement in cash, which didn't show in the business bank statement. In this cash, can we apply the ext via director's loan? Do we need to transfer another £40k from our personal account to business account? We are about to apply the ext in 2 weeks time, please help!!!
Thanks in advance!

[saeed123]

you can claim points only for the money which you have transfered from your prsonal account to the business account. transfer another 40k in to the business acc as soon as .

[awan905]

Hello everyone
We are tier 1 entrepreneur under £200k route. We have made the total investment of £200K. However around £40k is by the method of pre-commencement in cash, which didn't show in the business bank statement. In this cash, can we apply the ext via director's loan? Do we need to transfer another £40k from our personal account to business account? We are about to apply the ext in 2 weeks time, please help!!!
Thanks in advance!

Payment directly into business account is acceptable. You need to invest 40k again in business account.

[ukbiz]

Hello everyone
We are tier 1 entrepreneur under £200k route. We have made the total investment of £200K. However around £40k is by the method of pre-commencement in cash, which didn't show in the business bank statement. In this cash, can we apply the ext via director's loan? Do we need to transfer another £40k from our personal account to business account? We are about to apply the ext in 2 weeks time, please help!!!
Thanks in advance!

Apart form Director Loan & Share Capital, there is another method of DIRECT CASH INVESTMENT, but nobody has used it!

So things are not clear how to claim the point of Direct Cash Investment , Ask you Accountant for professional advise so that 40K reflect in your Accounts as Direct Cash Investment, otherwise you will have to transfer 40K again from personal to business A/C.

[WM2017]

Hello everyone
We are tier 1 entrepreneur under £200k route. We have made the total investment of £200K. However around £40k is by the method of pre-commencement in cash, which didn't show in the business bank statement. In this cash, can we apply the ext via director's loan? Do we need to transfer another £40k from our personal account to business account? We are about to apply the ext in 2 weeks time, please help!!!
Thanks in advance!

Payment directly into business account is acceptable. You need to invest 40k again in business account.

Thank you so much! Will invest another 40k as soon as possible!

[WM2017]

Hello everyone
We are tier 1 entrepreneur under £200k route. We have made the total investment of £200K. However around £40k is by the method of pre-commencement in cash, which didn't show in the business bank statement. In this cash, can we apply the ext via director's loan? Do we need to transfer another £40k from our personal account to business account? We are about to apply the ext in 2 weeks time, please help!!!
Thanks in advance!

Payment directly into business account is acceptable. You need to invest 40k again in business account.

Thank you very much! Will do that as soon as I can!

[WM2017]

Hello everyone
We are tier 1 entrepreneur under £200k route. We have made the total investment of £200K. However around £40k is by the method of pre-commencement in cash, which didn't show in the business bank statement. In this cash, can we apply the ext via director's loan? Do we need to transfer another £40k from our personal account to business account? We are about to apply the ext in 2 weeks time, please help!!!
Thanks in advance!

Apart form Director Loan & Share Capital, there is another method of DIRECT CASH INVESTMENT, but nobody has used it!

So things are not clear how to claim the point of Direct Cash Investment , Ask you Accountant for professional advise so that 40K reflect in your Accounts as Direct Cash Investment, otherwise you will have to transfer 40K again from personal to business A/C.

Thank you for your reply!

[jafersadeq]

You need:
Director's loan agreement
unaudited accounts
business bank statement

as a proof of your investment.
if your accountant mentioned in your accounts that you invested in the company the amount £40,000 that is ok
in your DL agreement, you write the loan £40,000 that is ok
your problem is in the business account, you said that your name is not mentioned in from of the transaction, it is fine, the other two documents can support that, and HO wants to see money in your business account and you mention it in the annual accounts.
Thanks

[WM2017]

You need:
Director's loan agreement
unaudited accounts
business bank statement

as a proof of your investment.
if your accountant mentioned in your accounts that you invested in the company the amount £40,000 that is ok
in your DL agreement, you write the loan £40,000 that is ok
your problem is in the business account, you said that your name is not mentioned in from of the transaction, it is fine, the other two documents can support that, and HO wants to see money in your business account and you mention it in the annual accounts.
Thanks

In the business account, it doesn't show the invest of £40K, since those were spent by cash. The other 160K were shown from our personal account transfer to the business bank account. I mean, do we need to transfer another 40k from our personal account to business account?

[jafersadeq]

Yes,
You have to do that

[FSD]

I think you must transfer 40k or more from your personal account to business account as DL, easily identifiable transaction. Try to make simple and clear your documents according to the GUIDE LINE provided by HO.
Good luck with you application

[sm12]

Hello everyone
We are tier 1 entrepreneur under £200k route. We have made the total investment of £200K. However around £40k is by the method of pre-commencement in cash, which didn't show in the business bank statement. In this cash, can we apply the ext via director's loan? Do we need to transfer another £40k from our personal account to business account? We are about to apply the ext in 2 weeks time, please help!!!
Thanks in advance!

Apart form Director Loan & Share Capital, there is another method of DIRECT CASH INVESTMENT, but nobody has used it!

So things are not clear how to claim the point of Direct Cash Investment , Ask you Accountant for professional advise so that 40K reflect in your Accounts as Direct Cash Investment, otherwise you will have to transfer 40K again from personal to business A/C.

Direct cash investment mainly applies to sole traders.

It is best to transfer an extra 40K to the bank account as there are chances that the home office will not accept the reason regarding why the original 40K cannot be seen in the accounts.