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Same shield, same duties
Limited liability protects executive and non-executive directors alike. Company borrowing is the company’s. You do not become personally liable simply by being on the board. Personal exposure needs a personal guarantee you signed.
Where a NED can still be exposed
Breach of director duties — such as allowing wrongful trading — can create personal liability regardless of executive status. Stay informed, attend board meetings and challenge reckless decisions.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Do non-executives sign personal guarantees?
Sometimes lenders ask, but they need not. Without your signature on a guarantee, you are not personally liable for the loan.
Can a NED be pursued for company debt?
Only via a signed guarantee or a breach of directors’ duties. The company’s ordinary debts are not the NED’s personal liability.
Related reading
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If I resign as director, am I still liable for the business loan?
Resigning ends your role but not a personal guarantee you already signed — that liability continues until the…
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Can my co-director commit me to a loan without my signature?
A director with authority can bind the company to a loan, but you are not personally liable unless you…
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.