Volrix Limited
A company controlled by L Jefferies.
At the year end, the company owes Volrix Limited £70,000.
Echosoft Consultancy Limited
A company controlled by B Jefferies.
At the year end, the company owes Echosoft Consultancy Limited £70,000
Ethereal Technologies Limited
A company controlled by J Jefferies.
At the year end, the company owes Ethereal Technologies Limited £70,000
The total owed to companies controlled by directors is £210,000 shown in creditors due after one year.
Stellar P&L LTD is paying interest on the loans to the related companies at a rate of 0.5% per anum, which will be paid in full at the end of the loan agreement.
The company's activities are also financed by personal loans from the directors to the company.
At the year end, the following loans from directors existed:
L Jefferies - £2,658.81
B Jefferies - £3,565.02
J Jefferies - £3,128.86
Total owed to directors at year end - £9,352.69 - shown in creditors due within on year.