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ty and Hello, thanks for the question. With limited liability status, it is the company which has the debt and is only liable for the amount the directors have paid up in capital. There should have been an express term for when the funds were to be repaid. If no express term then he could argue an implied term of a reasonable period of time but what is 'reasonable' depends on the facts and how much was owed, what his expectations were and so on. If he insists pursuing the matter, he could sue in the county court for the sum plus interest. if he succeeded he would then have a county court judgment against the company (not you as director). I would try and agree terms for when the sum is repaid. If you can't then invite them to issue proceedings and you can ask the court for an order for repayment terms. I'd try avoid court action though and see if he will agree something less formal.