Hoping someone may be able to guide me on this.
I have a client who began trading through his newly formed Ltd co as of 1 April 2019.
As at that date there was a £17k HP balance outstanding on his commercial vehicle which we want to introduce into the ltd co along with other assets of his ST business.
Is it possible to continue on the HP within the company on the basis that the sole director and shareholder has incorporated, but the business is effectively a continuation of the ST business? i.e. debit FA, credit HP balances?
Alternatively are you able to amend the names on an HP agreement part way through?
As it turns out the company has since repaid the balance on the HP agreement anyway.
A little guidance would really be appreciated!