IVA in need of Business Bank Account.

Hadock

Hello,

I'm new to the forum! I've found myself in the following situation:

I'm 3 years into and IVA after amounting debts in my 20's.
I am a sole trader but have recently incorporated as a ltd company as I am receiving a grant from Arts Council England and want that money to be separate from my personal money.
The Arts Council however, need a PRA regulated, UK incorporated bank to pay into so my TIDE account was no good. I've been regected by Sterling and am waiting to hear from Natwest but am expecting a no.

So my question is can I add my wife to my business as a shareholder and improve the business credit score/use her credit score to open an account?

Thanks in advance

sourcrates

Business debtline will provide the answers you are looking for.

Faceup

Did you manage to sort a bank account for your limited company as I'm in the same situation and would appreciate any help?
Thanks.

Hadock

Hello,

Unfortunately I did not. I paid off the rest of my IVA through a family gift, I am now awaiting the certificate which will then enable me to open a Natwest account.

Best

devon_guy

Natwest used to do a business account for people with poor credit ratings. Might be worth asking them.