Are you a UK director at risk of being personally liable for company debt?

In this essential guide, we break down 7 common mistakes that could leave you financially exposed, from misusing Bounce Back Loans to wrongful trading and overdrawn director’s loans. Learn exactly how these issues can impact you, and, most importantly, discover practical steps to protect yourself.


📌 Key topics covered:

Bounce Back Loan misuse: inflated turnover, non-business expenses, and misuse risks

Overdrawn Director’s Loans: what they are, how they’re created, and ways to avoid personal liability

Preference Payments: the dangers of paying certain creditors first

Personal Guarantees: what your signature really means for your assets

Wrongful & Fraudulent Trading: understanding the difference and the personal risks

Personal Liability Notices (PLNs): how HMRC can hold you accountable for unpaid tax

If you’re a UK director, don’t miss this guide on safeguarding your personal assets from business debt.

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00:00 Review can lead to fraud investigation, liabilities.

05:04 Personal use withdrawals recorded as loans, repayable.

07:39 Agree on director's loan before liquidator appointment.

09:20 Avoid preference payments to prevent personal liability.

13:08 Monitor finances closely and seek advice early.

16:17 Protect yourself from liability; act proactively.

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