2 min read
A common, clean structure
Countless UK limited companies have a single person as both sole director and sole shareholder. Borrowing authority is simple — there is no board or other shareholder to consult, though the articles should still permit it. See single-director companies.
How it is assessed
Exactly like any company: on evidenced turnover and affordability. The one-person setup is neither an advantage nor a disadvantage — it is normal. With no personal guarantee, the owner's assets stay separate.
Applying
Show the company's trading and apply online.
Frequently asked questions
Can I borrow if I'm the only person in my company?
Yes. A sole director-shareholder company is a common, fundable structure. It is assessed on its cash flow, and authority to borrow is simple.
Do I need anyone else's approval to borrow?
As sole director and shareholder, generally no — though check the articles permit borrowing. There is no other party whose consent is required.
Related reading
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Do I need shareholder approval to borrow?
Usually the directors can borrow on the company's behalf without a shareholder vote, provided the articles of…
Read →Can a company with a nominee director borrow?
A nominee director does not block borrowing, but lenders will want to see the real people behind the company…
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.