Illegal dividends

I have a limited company who has taken out dividends even though the company is running at a loss. They were fully aware of this and despite several warnings from myself and other financial team members they went ahead with it anyway.
They are now obviously running at an even bigger loss.
From what I've read online, 'illegal dividends' can be back back and treated as a loan.
Bit of an awkward situation, the shareholders are still failing to acknowledge this and will not pay it back.
What can I do? I've only just finished my level 3 diploma in accounting (still waiting for the synoptic results though!) and do not want this to have any impact on my carer.
They are now obviously running at an even bigger loss.
From what I've read online, 'illegal dividends' can be back back and treated as a loan.
Bit of an awkward situation, the shareholders are still failing to acknowledge this and will not pay it back.
What can I do? I've only just finished my level 3 diploma in accounting (still waiting for the synoptic results though!) and do not want this to have any impact on my carer.
Comments
In what capacity are you acting? Employee or self employed bookkeeper?
I'm an employee of the company
You are right to question it and if it was being concealed, then I would suggest you contact AAT who will be able to give you advice on what to do next.
In the above circumstances, it might be that they don't want to listen to you as you are new in your studies but they will listen to the accountant when the accounts are done. Never be scared of losing a job by doing the right thing, as eventually when I become an employer, I would rather have an employee that has Integrity rather than a "yes" person.
You're doing the right thing
AAT Level 2&3 - 2016
AAT Level 4 - 2017
Personal Tax, Business Tax and External Auditing
ACA/CTA -
Certificate Level - Jan 2019