On 5 July 2011 the company entered into a loan with RCS Trust of £2,000,000 which is repayable over a two year period and attract interest payable annually at a rate of base plus 1.5%. The loan has been rolled over afterwards.
On 13 March 2012 the company entered into a further loan with RCS Trust of £1,000,000 which is repayable over a two year period and attracts interest payable annually at a rate of base plus 1.5%. The loan has been rolled over afterwards.
On 30 September 2020 the company entered into a further loan with AMPS Electric loan of £60,000. The loan has been cleared in current year.
On 25 November 2013, the director granted the company a loan of £4,000,000. The loan is interest free, unsecured and payable on demand.
On 13 September 2019, the director granted the company a loan of £802,439. The loan is interest free, unsecured and payable on demand.
The following loans were granted by the director during the year 2020
- 31st January £379,018
- 22nd April £405,499
- 23rd December £296,110
During the year £298,082 (USD 400,000) was returned to Mr Robert Standing towards RCS USD Loan.
The loans are interest-free, unsecured, and payable on demand.
On 14 October 2021, the company entered into an additional loan of £6,700,000 with RCS Trust