Hello, my name is***** am a qualified lawyer and I will be assisting you with your question today.
What are the debts for?
Ok thanks I will reply around lunchtime as I'm traveling back right now
Thanks for your patience. Whilst committee members could in some cases have personal lability, this would only apply to clubs or other unincorporated entities. The good thing here is that the school is incorporated as a limited company and as such it is its own legal entity and will have its own liability for all debt of the company. So not eve its directors or shareholders will have liability – it is the company itself as its own legal entity that will be responsible for its debts. It would have been a different story had this been an unincorporated entity with no own legal status in which case those people responsible for its running could have had personal liability but this is not the case with a limited company.
I hope this has answered your query. I would be grateful if you could please take a second to leave a positive rating (3, 4 or 5 stars) as that is an important part of our process and recognises the time I have spent assisting you. If you need me to clarify anything before you go - please get back to me on here and I will assist further as best as I can. Thank you