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BBL legality issues. Help needed.

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  • BBL legality issues. Help needed.

    Set up LTD business 2019. As I was subcontracting a lot through agencies. And it was becoming more and more rewuired to have a Ltd company to avoid umbrella payrolls

    I ended up not needing this Ltd company as I took a job on a temporary contract late 2019. As an employee.

    My contract expired and has rolled over ever since. I am still employed by said company.

    However while on furlough last year. I somewhat stupidly applied and received a BBL of 12,000.

    I used this money to purchase a vehicle through the business bank account. I have been using the vehicle (car) for personal use as at the moment I don't have time to be trading within my Ltd company.

    I have no problem paying all money back And want to.. via the repayments agreed with the bank.

    But am I legally able to do so personally with a company trading but not actually turning over any money.. incoming and out will be effective 0 other than the BBL.

    All advice will be greatly appreciated
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