Can a company director invoice a company he owns?

[Jabiru]

For context

if you were a company director but not a shareholder. For example, a director of a residents management committee in a block of retirement apartments. You don’t own any of the apartments.

So you’re effectively appointed by the shareholders to look after the management of the block, resolve maintenance issues, pay the accountant - that sort of thing.

would it be legal for you to invoice the company from another business that you own, and pay yourself thousands of pounds for ‘work’ without getting other quotes for the same work?

if you did that, would there be any financial safeguards to make sure you weren’t just taking money from the shareholders account without anyone else having to authorise it or sign it off?

What could the shareholders expect to see in terms of invoices, evidence the work had been required or completed to a decent standard?

thanks

As leaseholders that also own the freehold (via shares), you should be demanding these

Yes, these have never been seen until recently, so it’s only now that we realise what’s been going on.