An ex client (Ltd) wants to come back to me and do get on well with them. The 31st December 2019 accounts need to be submitted
I was just about to take them on board then realised they have taken a 50K bounceback loan when turnover can't be more than 100K per annum, I keep coming across businesses getting 50K bounceback loans (with less than 200K turnover) and peeves me right off. Not that I am jealous but the fact no one bothers checking if the business does have a certain amount of turnover.
Do I have any reporting obligation ?