The balance sheet at the end of June 2014 shows a negative value as it made losses, we have loans outstanding (approx £300k) part on a property, and own about 50k worth of equipment before depreciation. Also owe a tax bill of £160k. That said, we are still trading and both me and my husband get a salary. I am 100% shareholder and managing director, the company would not trade with out me and that is not disputed. My husband is disabled and cannot work in the business other than very part time in a reduced role now. How would this picture be viewed? I am worried about losing the business and our income. Three children are working in the company too.
between the 5 of us we take about 200k per annum