UK Hire of equipment

Joined
Jan 18, 2023
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Hello,

I have a ltd company in addition to a sole trader company. Both businesses are ecommerce stock holding companies. The ltd company has one premises and the sole trader has another. The problem is that the sole trader is not generating enough money to cover the rent, but its important that I keep the premises.

Can the sole trader hire out a piece or pieces of equipment to the ltd company to help with revenue? I.E. If the sole trader has an expensive packaging bench worth a few thousand, then can this be rented to the ltd company for a few hundred a month?

Any advise or alternative suggestions would be greatly appreciated.

Thanks

Bob
 
Joined
Jan 12, 2023
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Yes thats fine as long as its arms length bit complex though. Why doesn't company one just loan momey to company 2
 

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