Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.
The only problem that I see with the proposal would be if HMRC define the activity as a loan to a director. In such a case the loan must be repaid within a fairly short time. If a company lends money to a participator the company will have to pay a s419 charge of 25% tax on the loan. Failure to pay it will almost certainly result in penalties and interest.
The s419 charge is not payable on any amount repaid within nine months of the company’s financial year end which is the normal due date for payment of the company’s Corporation Tax (CT) assessment.
I do hope that I have shed some light on your proposal.