DP wants to loan money from me

Sounds like a romance scammer

3 years with a partner is a relatively short time together to ask for a large amount of money. Unless I was married, we had kids and a shared life that was dependent on his business, I wouldnt be lending any money.

You can offer to help him try to fix it though and go through his accounts with him etc.

He also needs to rethink his invoicing strategy in the future if it isnt sustainable.

Definitely don't.

Men should never ask women for money, you are not his mother

Quite.

@Throwaway555 He sounds a dead loss to be honest, both as a businessman and as a partner.

He lies about his finances, he is moody, dismissive and unsupportive?

You can do better than him. You deserve better too.

Keep your money and dump him.

Hi @Throwaway555 did the loan crop up again?

CH accounts are next to useless tbh as just balance sheets
Defo needs profit and loss accounts

What is on CH is the balance sheet/statement of financial position, which basically tells you the value of a company’s assets less any debts. The tax could be income tax, VAT, corporation tax, or all of them combined.

From this year, all companies will be required to post their P&L on CH.

He's not paying his taxes for years on end, probably, so it's outstanding tax, interest and penalties.

He's likely to get angry with you and threaten suicide to scare you into handing over the savings he's got his beady little eyes on, by the way.

You can check his accounts on companies house for free.
Just that, anonymise them and poast them here and then it will be obvious.

I can believe it only too well; others have probably experienced his lies and ridiculous excuses to the point where he's literally run out of credit, so now he's tried it on you

Well done on making the right decision though; you're doing the wise thing to offer advice rather than money, but do expect pushback and insistence that his case is somehow "different"

@Throwaway555

If you then decide to lend, get everything in writing, including terms of repayment.

This is good advice but, sadly, having everything in writing doesn't guarantee OP will get her money back, if she's foolish to hand Vit over to him. Really OP, keep your money far away from this man. 🌹

I'm glad you've taken in the messages of how messed up his finances are, and how he is lying about it.

Now please think about the fact that he doesn't support you at all emotionally, the fact that you don't live together and consider ending the relationship entirely.

It's clear to people on here that this is all one way and that you are the only one offering any kind of support. You can do better. Get rid of this one, he's genuinely bringing nothing but stress to you and it's all about him. He's utterly self centred.

I'm so glad you've read the posts, considered them and what he's telling you and have decided to keep your money.

Now to have a think about how you're benefiting from having him in your life

Having a friend who behaves this way is fine - you would never look to commit / share finances and no direct consequence to you. Being in a relationship is very different- how can you plan a committed long term relationship where finances will always be an issue & you know the capacity to deceive

I mean, he's obviously lying. This isn't true. You can own a company and also have salaried employment elsewhere.
Lots of red flags here.
You have no way of knowing that his ex ever even lent him money or the amount etc. So if that's his 'reference' for being able to pay you back then its ridiculous.
3-6 months is quite vague. How long are the payment terms he gives his customers? If its such a huge amount that he lives off it for a long time its quite surprising that he doesn't get a deposit up front or do split payment terms. If it's all done on a credit basis and the customer has at least 3-6 months to pay then he must have a trading history with them to trust that they'll pay their bill and in good time.
So it's his own fault for not budgeting his money appropriately to account for this. Especially if this is his usual income.

Im glad it's helped to talk things out.
I agree with pookerrod - if for any reason you are tempted to financially help, get the entirety of the information & agree written terms. If he's not willing to do all that then he's not someone who cares about you or your welfare so that will tell you another part of the tale about your relationship

OP, if you are at all tempted to lend him or his company money, make sure you receive all the information that a commercial lender would require. You need to see copies of all bank statements, copies of all outstanding invoices, copies of commercial contracts, cash flow projections, everything. Before you make your decision. If you then decide to lend, get everything in writing, including terms of repayment.

So much of your post doesn’t make sense. Invoices typically have a period of time to be paid, 30!days is usually the longest and that’s for large companies dealing with corporations. Smaller companies have much lesser timescales. If he had a genuine business model with proven turnover etc he would be able to get business finance.

he’s a scammer and using you. Get rid and give him nothing. You deserve better.

Because it’s all bollocks.

He's a liar. You cannot trust him I'm afraid.

The OP has run for the hills as she has probably loaned him the money anyway

So you've had lots of good responses here letting you have the information that I think that your gut has already been telling you - he can get work outside of being a Ltd company, he can explore alternative means of money & loans, he can reflect on his own cash flow management but it seems he doesn't & pressuring you to risk your funds on someone who's not a good horse to bet on.
The fact that you are taking everything he's saying as he sounds like he is a person who gets angry if you question stuff so you are left without the detail on stuff any other person would be able to explain or show you.
What I think you need now is a strategy or set of words to use to say no.
You know the next time he'll ask, the type of scenario it'll be, how he'll frame it. Tell us here and we will help you formulate a response. It's always easier when you have had time to prepare your answer. It sounds like you're going to need some of that support as I see that whilst people are accusing you of being naive, and that might feel upsetting, it seems like instead you're trusting and yet your gut is telling you the stuff he's spouting doesn't hold up but you struggle to respond back confidently. One thing I know from Mumsnet is that this community helps you to increase your confidence & people have lived through a lot of what you're going through so they can help guide & give practical suggestions.
Just keep asking stuff on this thread & figure it all out as you go.
Brief summary- don't allow him to borrow money. You're not helping.