Let me start by saying that I am meeting up with an accountant about this next week, so am taking real life advice. I just want some opinions / facts before then!
I'm a director of a limited company which has been operating at a loss. I've put quite a bit of money into it over the past year and a bit, expecting to get it back when we started earning something. Now that we are in a position for me to begin getting the money repaid, one of the directors who has no money owed wants to get paid for the work we've billed for her time. In her words "I don't want to work for floweredwallpaper for the next 5 years" - ie, she doesn't want her billable time to go towards paying my loan back to me.
So. Where do I stand on this? I'd really like to get my money back and think it should come before us drawing salaries / getting paid. The accountancy side is an absolute mess, we were left by the guy who had been doing our accounts and didn't realise how much hadn't been done.
There's more - I don't want to drip feed but I really don't want to rant and rave, so thought I'd start with that. I've changed my name just in case, too.