Limited company with no business account

[Ahmed2222]

Hi guys

Thank you very much for creating this. I’m just about to apply for my wife’s visa. I have a limited company where I’m the director and the only employee. The issue is that when I opened the limited company 3-4 years ago I didn’t open a business account for it and have been getting the money through my personal account. Not sure if the HO will make a fuss out of it if I explain this.
Your help will be appreciated

Thanks

[Only Me]

Hi guys

Thank you very much for creating this. I’m just about to apply for my wife’s visa. I have a limited company where I’m the director and the only employee. The issue is that when I opened the limited company 3-4 years ago I didn’t open a business account for it and have been getting the money through my personal account. Not sure if the HO will make a fuss out of it if I explain this.
Your help will be appreciated

Thanks

From what I can see Ahmed is that if you're a Company Director then you're either registered self-employed or are employed by the company and paid a Salary and would have wage slips to show tax and NI paid to HMRC ETC.

If Self Employed, I believe you have to show two years of accounts and also provide your P60 for each year and bank statements for the two years to show the income, which your accountant could provide.

I was self-employed but due to the complications and red tape for sponsoring my wife to live here, I decided to become PAYE and have been working for the last 12 Months PAYE which I found far less complicated if you're meeting the financial level required.

But there are far more qualified people on here that would be able to advise you better than I, I am just speaking from my own experience and view.

[wahi66]

Hi guys

Thank you very much for creating this. I’m just about to apply for my wife’s visa. I have a limited company where I’m the director and the only employee. The issue is that when I opened the limited company 3-4 years ago I didn’t open a business account for it and have been getting the money through my personal account. Not sure if the HO will make a fuss out of it if I explain this.
Your help will be appreciated

Thanks

As a sole trader, you are not legally required to have a business bank account. Legally, you can use your personal bank account for both business and non business transactions or you can set up a second personal bank account to use for your business

[prejay]

There is no legal requirement to open a business bank account for a LTD company - it's merely advised as it makes traceability easier. You should be fine - I cannot see how the HO can mandate something that Companies House/HMRC do not.