Thank you for the question. I am sorry to hear about this matter. As the director of the company, you are responsible for the financial aspects of the business, especially if you have authorised a staff member to use the card ( a signature may not be needed). However, there are two points you can consider, firstly, if the person who has spent the money, has done so without consent, you could look at claiming the money back from them by way of legal action. Secondly, if you were a limited company then you may not be personally liable as limited companies, by definition have limited liability and they cannot obtain your personal possessions to cover company debt.
I hope this information proved helpful. You will find a local solicitor who deals with these matters on the law society webpage which is as follows;
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