No. Our facilities are made to UK limited companies and LLPs. There is no director personal guarantee attached to the loan, which means that if your company is unable to repay, we do not pursue you personally for the outstanding balance. Our recourse is to the company and any security the company has provided — not to your personal assets, personal credit file, or personal finances.
What this means in practice
If your company defaults or enters an insolvency process, we engage with the company — or its appointed insolvency practitioner — rather than with you in your personal capacity. Your personal bank account, home, and personal credit record are not exposed by reason of this loan. This is one of the core protections of limited liability that UK company law provides to directors.
Situations where personal liability can still arise
It is important to be clear that personal liability can arise in other contexts — not from this loan, but from your conduct as a director. If a court or insolvency practitioner finds evidence of wrongful trading, fraudulent trading, or preferring certain creditors over others, directors can face personal liability under the Insolvency Act 1986. These are conduct-related risks, not loan-agreement risks. If your company is in difficulty, taking proper insolvency advice promptly reduces your exposure on this front.
Free business debt advice
Independent advice is available for directors of companies in financial difficulty. The Insolvency Service publishes guidance at gov.uk, and organisations such as the Business Debtline provide free confidential support to directors navigating company financial difficulty.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee required. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: What if my business is insolvent or considering administration?, What happens if my company misses a loan payment?.