DP wants to loan money from me

The word is “borrow”.

He's lying to you. I would not lend him a penny.
A credit report may show you things are dodgy but it may not, depending on how far into the shit he is, that may not yet be reflected on a credit report. I would check out the company on companies house and see whether all returns have been submitted on time, more out of interest than anything else. I would also do a director search on him to see if he has a history of failed companies.
I work in the construction sector, standard invoice terms for us are 45-60 days and that's with working with some enormous companies so the 6 month thing doesn't ring true for me at all.

At the end of the day it doesn't really matter if he's telling the truth or not tbh, if he is incapable of managing his cash flow then he is incapable of running a company.

You can have a job and a company at the same time. He’s lying to you.

I ran a successful business for 20 years. What he's saying doesn't add up. (In fact sounds like bullshit.)

In any case, if what he is saying is even half true then he is trading while insolvent.

Do not give him money. You'll never see it again.

And don't stand for him trying to guilt you into it either. Bloody cheek.

Lend as much as you're prepared to lose without argument/resentment, because you will lose it.

I think the right amount is £zero.

The last paragraph especially sealed the decision to write yes you would be crazy to lend him money.

He should take a loan out or sell things

OP I’m worried that you haven’t clarified anywhere that you will not be giving him this loan. Please don’t give him money.

As someone else said if you are in a committee and otherwise good relationship, there are other ways you can help. Can he stay with you and sublet his place, can you cover some groceries etc.

It does not add up that he cannot use a credit card and it’s not good enough that he doesn’t have ANYTHING to tide him over for the next few months until invoices are paid. Aside from everything else, the fact he is incapable of saving and is a grown man with his own ‘lucrative’ company yet seemingly not even £100 in savings should be a red flag for you.

Ahahahaha, sorry he is taking you for a mug.

He absolutely can be a director of his own ltd company AND get off his arse and stack shelves in tesco/sling burgers for McDonalds.

The only thing he probably wouldn't be able to do is work for a company whose contract states that employees can't be directors of similar companies. And theres no need for him to do that.

Quite standard terms in retail. The big retailers can afford to screw their suppliers into the ground.

I don't think this can be true. I have a limited company but if I went to work for a large organisation, New Company wouldn't "make me" close my company as part of that contract (in any case logically you'd be on a 3 month trial, so even more unlikely). Plus, the invoices from Old Company - if they exist - would be in the clients' systems being processed, and just paid into the business bank account, even when I was at New Co. So that's bollocks for a start.

Secondly, and I work with international organisations that can have very long payment terms, the "six months" invoice must mean he did the work, what - two months ago? and then invoiced it? So eight months from the work until being paid? PLUS, on my large invoices for international organisations, they often pay half way through or I can definitely negotiate a part-way payment with them.

I have a limited company and am sole breadwinner for my two teen and Uni DD. As a self-employed contractor there is no way I'd get in the type of financial deep water where I hadn't made provision for those long stretches of time waiting for payments on a large project, I just factor in those long lead times and adjust and take on other projects accordingly. It requires precise planning, not asking a DP to bail you out. Especially when he's not very "D".

Do NOT lend the money!!

From the relationship point of view, unless you get out, you risk being locked in a toxic trauma bond with him where you can't see the wood for the trees, keep giving him the benefit of the doubt - he's depressed, stressed, tired, "complicated" work, "complex" invoices etc (all bollocks) and he can be as shit as he wants, with the occasional intermittent reinforcement, and the cycle will continue, spiralling ever downward.

Good luck! Lots of sensible advice on here!

He is absolutely lying about having to close down his company if he worked elsewhere. And no-one has payment terms of 3 - 6 months. I have to fight to get 60 days for my company. 30 - 45 is much more standard. Do not give him any money.

I think this is nonsense. My H got a job where he had a company before (doing the same thing) and although they didn't want him taking on new work for his company they quite understood that shutting it down took time and that he wouldn't do that during his probation.

No reason why an employer couldn't agree something similar. And why would the invoices be void? They're still a debt to the company.

No. Do you like being together, this will ruin your relationship. He should not have asked. Red flag.

Oh lord...you believe what he tells you? And moody, dismissive etc is EXACTLY the game he's playing!

Wait... these invoices are for work he has done? Or work he has not actually begun yet?

Hell no.

He is lying through his teeth, trying to squirm his way around and out of any query you have.

He could take on other work, it would not mean money he is owed for work done would not be paid.

If he hasn't yet fulfilled his contract, why not - he can do that, then find other work or if its something thats time/date dependent, he can find work to do before he does that.

This sounds like his business is bloody make believe. Is he a LTD company or a sole trader?

I'm self employed childminder and the LA pay 3 times a year. So it is possible to have long periods of time waiting it may not be untrue. That said if you know money comes in like this you prepare for it.

You said he had a habit of spending big when the money comes it. For me that means I would not lend.

'too complicated'? He's a liar.

So it's a 'pride thing' telling people why he has to get a job. Is it not a 'pride thing' telling people he has to get his girlfriend to give him a loan?

The invoices are so complicated banks won’t loan - this is ringing alarm bells for me.

As is he’s not had an income because he’s paid in lump sums. Banks will be used to dealing with people who run their own businesses with irregular incomes.

They will be a lot bigger and more complex too than an SME that can’t carry itself through the next six months.

Either he has had no income or he has written off so many expenses that he’s declaring next to no income.

He pretended to be better off than he was? Red flags abound. IF you choose to lend him money, YOU choose how much you can and want to afford to lend him and stop at that. His business is not your problem.

Doesn't sound like a viable business if he can't get finance and keeps blowing money when he gets paid. I'd suggest he use the money he puts away to pay his tax 😀