
Today’s News

Barclays Approved a BBL for a Company and Pay It Out, Then Lock the Account for a Review Lifting the Block Weeks Later, But then Decide to Snatch Back Every Penny from That Account Weeks Later and Recall The BBL – Ombudsman Says That is Fair
Here is the outcome of another case that has taken the Financial Ombudsman Service some time to wrap their heads around, as you will see based on the evidence, they state Barclays were within their rights to snatch back yet another Bounce Back Loan. […]
Abuse of the BBL Scheme

Guide to Director Disqualifications Including the New Category of “Abuse of the Bounce Back Loan, CBILs and CLBILS Schemes”
I have put together this guide to give you an insight as to the reasons a Company Director will be hit with a disqualification and why they will be handed one and the length of the disqualifications that can be given out, including any Company Director found to have abused the Bounce Back Loan and/or the CBILs, CLBILS Schemes. […]

Guide to Bankruptcy and Debt Relief Restrictions Orders and Undertakings Handed Out to Sole Trader and Individuals Including for Wrongdoing Related to Abuse of the Bounce Back Loan Scheme
This Guide to Bankruptcy and Debt Relief Restrictions Orders and Undertakings looks at what happens when a Sole Trader or an Individual takes the bankruptcy route, and what can happen if any wrongdoing is discovered including abusing the Bounce Back Loan scheme. […]

Bounce Back Loan Abuser Tracker – Current Total: 545 BBLs Worth £19,537,837.26
The number of Bounce Back Loans that have so far gone sour is of course constantly rising in number, and will continue to do so for weeks, months and years moving forward. I have been […]
Police BBL Investigations

Door-Kicking Bounce Back Loan Police Squad Appear in Dunmow and Ilford and Arrest Two People for Conspiracy to Commit Fraud and Money Laundering Offences
Two more being have been bundled off by the Bounce Back Loan police squad, this time over in Ilford and Dunmow. […]

Mad Dash to Heathrow Airport by the Bounce Back Loan Door Kicking Police Team to Arrest Two People for Alleged BBL Fraud Who End Up Being Bailed
You just never know where they will turn up next, and here is a case involving the Bounce Back Loan door kicking police squad which saw them make a couple of arrests at Heathrow Airport. […]

Bounce Back Loan Police Door Kickers Head Up Yorkshire Way and Arrest a Man for Applying for Multiple BBLs
They have been out in force again, this time the BBL Police Team have been out and about in the Yorkshire and Humberside area. […]

One Person Fled the UK To Avoid the Bounce Back Loan Fraud Squad But Four of Their Alleged Conspirators Get Arrested
Bradford is another town that the door kicking Bounce Back Loan fraud squad visited recently as part of their investigations into yet another BBL scam, and whilst there they carted of several people who allegedly bagged at least £150k in BBLs. […]

Local Council Business Grant Fraud and BBL Fraud Continues to Be Investigated With An Alleged Stockport Based Fraudster Being Arrested
You just never know where the Bounce Back Loan and Business Grant fraud investigation team are going to visit next, and today’s case looks at a recent visit to Stockport by that team who carted of a woman they suspect of blagging £10k. […]

Alleged Blackburn Based Business Grant Blagger Gets Their Collar Felt By The BBL Fraud Squad
The police department set up to investigate Bounce Back Loan fraud are also tasked with investigating local council business grant fraud too, and they certainly have their work cut out with so many people having tried to rip off the various grant schemes that Rishi put in place, and Blackburn is another town they recently visited as today’s case reveals. […]
The Things They Say

Tom Scholar Confirms His Arch Enemy Lord Agnew Was Right and a Slew of BBL State Guarantee Claims Will Have Landed at the British Business Bank Two Days Ago
Lord Agnew sure did reveal all manner of nonsense surrounding the powers that and the Bounce Back Loan scheme recently, and word has it he hasn’t finished dishing the dirt. After his resignation as the […]

HM Treasury Confirms 212 Cases of Serious Bounce Back Loan Fraud Are Currently Being Investigated and May Result in a Visit by the “BBL Door Kicking Police Squad”
A total of 212 cases of “serious” Bounce Back Loan fraud that have been identified are currently being looked into by the door kicking police squad (NATIS). This information was divulged by Tom Scholar Permanent […]

HM Treasury Tells the Treasury Committee That Moving Bounce Back Loan Funds From a Business Account to a Personal Account or Overseas Could Be Perfectly Legitimate
You will find four questions below that relate to Bounce Back Loans that have been answered by the Permanent Secretary, HM Treasury, they include one relating to the moving of BBL funds overseas and moving […]
Cases of BBL Wrongdoing

Failing To Keep Adequate Books and Records and Failing to Explain Where a £50k Bounce Back Loan Went Sees Glasgow Pizzeria Boss Being Slapped with an 8 Year Disqualification
The list of business owners being banned for some form of Bounce Back Loan wrongdoing is at an all-time high and continues to grow, and today’s case is a common one which saw an 8-year […]

The Second Reading of the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill Takes Place This Week Aimed at Making it Easier to Investigate BBL “Skulduggery”
It is going to be a busy week with the main topic of conversation (apart from freedom day) being the second reading of the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill that is due to hit the floor of the Commons on Tuesday morning. It has already been reported that there has been an explosion of over 740% of […]

Company Director Hit With Disqualification For Over-Egging Their Turnover Which Would Have Been Hushed Up and Not Classed As Fraud If They Had Just Made Repayments According to a Barclays Boss
Whilst I put together the finer details of the project that I am working on with a bank boss regarding help and support for those struggling to repay their Bounce Back Loan, which I should have an update on very shortly, here is another case involving BBL wrongdoing which resulted in an 8-year disqualification. […]

Insolvency Service Lays Down the Law and Slap Two Co-Directors with 11 Year Disqualifications for Wrongdoing Related to a £50k Barclays Bounce Back Loan
Turnover discrepancies and not using a £50k Barclays Bounce Back Loan for the economic benefit of their business lands two Company Directors with an eleven-year disqualification. […]

A 6 Year Disqualification is Given Out to a Company Director Who Failed To Deliver Financial Records at Insolvency and Preserve and/or Maintain Adequate Accounting Records For a Business That Took a £50k Barclays BBL With It When Being Would Up
For those of you keeping track of Company Directors that have been found to have pulled some stunts and possibly blagged their way to getting a BBL or have left questions unanswered when it comes to what Bounce Back Loans were used for, I present to you another case that resulted in a 6 year disqualifications at Insolvency. […]

Failing to Maintain or Preserve Adequate Accounting Records and Not Giving Any To The Liquidator Lands Company Director Who Took Out But Didn’t Repay a £50k BBL With a 6 Year Disqualification
Today’s case in another run of the mill Insolvency Service slapping, and is about a Tandoori Restaurant owner who ended up with a 6-year disqualification with Barclays losing another £50k Bounce Back Loan. […]
It is a task I did not want to do, however as more and more businesses are sadly being forced to go to the wall with a Bounce Back Loan owing, I am keeping a count of the Sole Traders and Company Directors that I come across that have been forced to wind up their business and also the ones that have been slapped with a Bankruptcy Restrictions Order (BRO) or Disqualification by the Insolvency Service due to BBL “wrongdoing” and the value of the BBLs that have gone sour. The list is ever growing and the reasons for the BRO or Disqualification do vary. You can find an overview of each case HERE.
Challenge Your BBL Updates

What’s Going On at Back British Business? How is the Bounce Back Loan Legal Challenge Going? Why Is Their Webform Broken
I had been tipped off that the web form on the website of the law firm (Back British Business) who are challenging Bounce Back Loans was not working over the weekend, so I set about […]

The Webinar “Update on Challenging Your Bounce Back Loan” is Now Live
As promised here is the update from Wasif and James from Back British Business:

No Sign of Enforcement Action of Bounce Back Loan Debts – Possible Bank Collusion – All Eyes Now On the Financial Ombudsman Service With Regard to the Legal Challenge of BBL’s
It was good to have a catch-up last night with both Wasif and James from the Back British Business legal team, and as usual they did not hold back in giving some out some golden […]
There has been a great deal of interest now that finally a law firm has stepped forward to offer not only a legal argument for challenging a Bounce Back Loan but also a service allowing anyone with one or more of those loans to challenge their BBL(s). As news, feedback and updates come in I will be adding more articles to the above section. You can view them all by clicking or tapping HERE.
Ombudsman BBL Complaints

Another Five HSBC, Barclays, TSB, NatWest and Lloyds Bank Bounce Back Loans Related Complaints That the Financial Ombudsman Service Have Received and Have Ruled Upon
It has been a while since I last published a range of complaints that the Financial Ombudsman Service have both received and have ruled upon regarding Bounce Back Loans from a range of lenders, and as such today I present to you another five of them. […]

Financial Ombudsman Agrees Bounce Bank Loans Were Not Subject to Credit Scoring but HSBC Feeder Accounts Were – Therefore Catch 22 Means They Refuse To Uphold Complaint From SME Who Could Not Access That Scheme Having Been Declined a Feeder Account
With so few Bounce Back Loan lenders allowing new customers to open a bank account, many people did miss out on any chance of getting one of those loans. The Financial Ombudsman Service receives a lot of complaints from those declined a bank account from the few banks that did let new customers apply for an account and therefore those who did not have access to the BBL scheme, even those who state they have no CIFAS Markers and have […]

Jenny Lomax the Ombudsman Confirms the Idiots That Designed the Bounce Back Loan Scheme Made No allowances For Amending an Incorrectly Entered Turnover Figure and Makes HSBC Pay Compensation for Lying and Saying a Customer Could Do So
It’s a terrible situation when banks tell great big wobbly lies to their customers, much more so when they relate to the Bounce Back Loan scheme. Today’s case saw HSBC being given a slap and having to pay compensation for telling lies […]
The Financial Ombudsman Service is for want of a better word a joke, they won’t like me saying that, but I speak as I find, and it is the truth. Many, many people have submitted a Bounce Back Loan related complaint to them, and initially it will be dealt with by a “case handler” if you do not like the decision/ruling on your complaint you can then ask for a review, and by doing so it will then finally go to a real “Ombudsman”. Anyway, if you want to see all published FOS BBL related complaints and outcomes click HERE.
BBL Related FOI Requests

All Freedom of Information Requests Received by and the Replies Sent Out by the Department for Business, Energy and Industrial Strategy (BEIS) Related to Bounce Back Loans
I asked for and have been sent every single Freedom of Information Request received by and the replies sent out by the Department for Business, Energy and Industrial Strategy (BEIS) that are in any way shape or form related to Bounce Back Loans, and as such here they all […]

BBB FOI Request About a Leaked Set of Documents Related to Hunting and an Organisation in that Industry Applying for a Bounce Back Loan
A rather cloak and dagger sounding British Business Bank Freedom of Information Request related to a set of leaked documents and a BBL application from a company involved in hunting. […]

British Business Bank FOI Requesting the Value and Number of Future Fund Loans and a List of Companies the Government Now Have a Stake In
As the title for this British Business Bank FOI Request indicates, someone is asking for the number of Future Fund Loans and the value of them along with the names of each company the UK Government now have a stake in. […]
Trying to get information out of the British Business Bank or even BEIS about the Bounce Back Loan Scheme can be difficult. One way you can try and do so is by submitting a Freedom of Information Request. That is something I regularly do. However, one tip is to ask them for every FOI request they have received and the replies they have sent out, you can connect the dots much better then. Checkout a selection of those FOI’s HERE.
True Cost of BBL’s

A Total of 65 People Have So Far Been Arrested for Alleged Government Backed Loan Fraud / Local Authority Grant Fraud with the Government Having Paid Out the Guarantee to Lenders on 155 BBLs and 113 CBILs “Suspected” Borrower Fraud Cases
Trying to make sense of who out and out defrauded the Bounce Back Loan and CBILs schemes, along with ripping off the Local Authority Business Grant schemes is going to take quite some time, however plenty of people have already been arrested for such crimes. So far a total of 65 people have been arrested for […]

The True Cost to Business Owners of Rishi Sunak’s Bounce Back Loan Pay As You Grow Options Revealed – A Whopping £420,750,801 In Extra Interest With That Figure Set To Rise
You may remember Rishi Sunak doing the rounds recently on TV news channels and on radio too, reminding everybody with a Bounce Back Loan his “brilliant” Pay As You Grow options were available. He seemed […]

BEIS Annual Report Confirms Bounce Back Loan Lenders Could Deprive NHS of Up to £92.8m By Keeping Erroneous and Fraudulent BBL Bip Payments
I recall the boss of one bank that offered Bounce Back Loans giving a speech about how her bank was going to be tough on fraud regarding BBLs as she did not want the NHS […]
Compensation Files

Did You Experience One of the Many Technical Problems with Metro Bank When Applying for a BBL? Make Sure You Claim for Compensation – The FOS Have Agreed Its Due to Some People
It is good to see some Financial Ombudsman Service BBL related complaints being properly investigated, and compensation being awarded to those affected by all manner of different problems when they applied for or were trying […]

If You Were One of the 3000+ People Declined a Bounce Back Loan from Starling Bank and It Was Due To a Bad Credit Rating If You Complain There Is a Good Chance You Will Be Compensated
I remember that horrendous Friday night way back in the early days of the Bounce Back Loan Scheme when Starling Bank declined en masse 3000+ people for a Bounce Back Loan, I can never forget […]
Bounce Back Loan Rabbit Hole

Barclays Approved a BBL for a Company and Pay It Out, Then Lock the Account for a Review Lifting the Block Weeks Later, But then Decide to Snatch Back Every Penny from That Account Weeks Later and Recall The BBL – Ombudsman Says That is Fair
Here is the outcome of another case that has taken the Financial Ombudsman Service some time to wrap their heads around, as you will see based on the evidence, they state Barclays were within their rights to snatch back yet another Bounce Back Loan. […]

Barclays Declined a Customer a Bounce Back Loan As He Was Unable to Prove His Business Was Trading Before March the 1st 2020 – The Financial Ombudsman Service Agree With the Bank and Don’t Uphold His Complaint
Even now, the Financial Ombudsman Service is still determining outcomes of complaints related to the Bounce Back Loan Scheme over a year after that scheme closed to new applicants, and here is a case that they have just made a decision on. […]

The Insolvency Service Officially State When Slapping Someone with an 8 Year Disqualification the Bizarre New Rule Imposed By BEIS (Led By the Shifty Kwasi Kwarteng) That Over-Estimating Your Turnover By Over 25% Of the Permitted 25% Turnover Figure Will Lead to a Slapping if You Take Insolvency Route with a BBL Owing Even If you Were Allowed to Estimate Your Turnover!
It’s a funny old world, and with the weird character that is Kwasi Kwarteng being the Minister in charge of BEIS (Department for Business, Energy and Industrial Strategy) anything is possible. In the first case I have come across, the Insolvency Service are now stating the “rule” no one knew of and which was not in place when the BBL scheme was live that over-estimating by more than 25% of even your estimated turnover when you applied for as BBL will lead to a good slapping, if you take the insolvency route with that BBL still owing. Whilst this is nothing new, as I revealed it back in December 2021 when the National Audit Office told me about it, it is the first time I have seen it used, as you will discover in the case below that saw a Company Director hit with an 8 year disqualification […]
If you fancy immersing yourself in Bounce Back Loan madness, scandals, and a whole lot more, then feel free to check out my Premium Content. With hundreds of pages of new stories, updates and things that may surprise or even shock you, then venture down that rabbit hole HERE.
Bounce Back Loan News Updates

Barclays Approved a BBL for a Company and Pay It Out, Then Lock the Account for a Review Lifting the Block Weeks Later, But then Decide to Snatch Back Every Penny from That Account Weeks Later and Recall The BBL – Ombudsman Says That is Fair
Here is the outcome of another case that has taken the Financial Ombudsman Service some time to wrap their heads around, as you will see based on the evidence, they state Barclays were within their rights to snatch back yet another Bounce Back Loan. […]

Insight Into the Mysterious World of Low, Mid and Top Tier Bounce Back Loan Fraud and Why Certain Aspects are Being Overlooked as Possible Applicant Error
Many of you may have missed the information below which came to light at the end of last year, which gives an insight into the “tiers” each type of suspected or proven Bounce Back Loan […]

Next Fireside Chat Confirmed – I Will Be Visiting the British Business Bank
Good news, the British Business Bank have agreed to be the guests for my next Fireside Chat, all being well it will be filmed shortly and will give an insight into the current state of […]
I update this website daily with all manner of Bounce Back Loan related articles and news stories, if they do not fit into any of the other categories or overlap two of them you will find them all HERE.
500+ Stories of BBL Stress and Anguish

Halifax Customer Got Paid by Lloyds Quickly
Only just confirmed this because have been waiting for my online banking details to come through. Lloyds fantastic. Applied for business account using Halifax personal details on may 24th. Approved for account 26th. Agreement signed […]

HSBC Offered Me Cash to Feed My Children
I almost had a breakdown yesterday… and told the girl at HSBC that I wasn’t entitled to universal credit…. income support or seiss. That I had to furlough staff and went overdrawn on my overdraft…i […]

Long Saga Trying to Get BBL from HSBC
Hiya, have you ever heard of HSBC sending out edocs late at night before? Just seeing if me checking is worth it. (I have seen they are paying out) Spoke to them yesterday and a […]
My “Twitter Vault” dates back to when the Bounce Back Loan Scheme was up and running. You will find complaints, stories of success and all manner of feedback relating to hundreds of SME’s personal experiences of trying to get a BBL. I have of course edited out any personal information. Just be aware some of the stories are distressing, but I feel they need to be put out there as many of you will relate to them and will know just how much of a stressful time it was for many people trying to get one of those loans at the time, and the state of mind many of you were in when applying. The Twitter Vault is HERE.
Bank Bosses Have Their Say

Bank Bosses Say the Craziest Things Episode 10 “Starling is Prepared to Back Other FinTech’s”
Aha, good news for you today, I have just uploaded another of my Bank Bosses Say the Craziest Things videos, now control your giddiness, let me tell you what it is about. Way back on […]

Bank Bosses Say the Craziest Things Episode 9 “Communication, Help and Guidance is Really Important”
It is one thing saying something, but whether you truly mean it is another. With that in mind today as part of my ever growing “bank bosses say the craziest things” series of videos, I […]

Bank Bosses Say the Craziest Things Episode 11 – Setting Interest Rates on Gov Backed Loans
New Recovery Loans – No word on interest rates yet, but this may interest you: Starling, Natwest, Lloyds, Santander and HSBC bosses explaining how they arrived at the interest rates (and what they are) on […]
Being hauled in front of the Public Accounts Committee or the Commons Treasury Committee is something no bank boss will enjoy. They are often put on the spot and have all manner of questions fired at them by MPs. Come and take a look at some of the questions several bank bosses have been asked about the running of their BBL facility and how they stumbled, fumbled, and even mumbled their way through their answers HERE.
Snouts in the Trough

Investec Now Accredited to Offer Recovery Loans and Would You Believe Andrew Mitchell MP (“Plebgate”) is a Senior Advisor Earning £12k a Year for Two Days Work
The list of MPs and Members of the House of Lords that have links to firms accredited by the British Business Bank to offer Government Guaranteed Loans gets bigger each time another one is accredited. Today I bring news of Investec the latest Lender to get the greenlight from the BBB to offer Recovery Loans and links to Andrew Mitchell MP. […]

Dave Cameron swanning around in Greensill Private Jets Now Boris is Flying Around in Helicopters Owned By JCB Who Mysteriously Vanished as a BBL Lender
Just when you thought you had seen it all, we learn that not only was Dodgy Dave swanning around in private jets owned by Greensill but now Boris Johnson is flying around in helicopters own by JCB, who mysteriously vanished as a BBL lender. Perhaps Tory donor Lord Bamford, who is the JCB company chairman, and whose firm the helicopter is registered can explain the mystery. […]

Another Member of Parliament, This Time Chris Philp MP for Croydon South (Defender of Boris’ Tank Topped Bum Boys Comment) Revealed as Having a Large Shareholding in a CBILS Accredited Lender
It might be easier to list MPs and Members of the House of Lords that do not have shareholdings in companies that were accredited by the British Business Bank as CBILS, CLBILS and even Bounce Back Loan lenders. This time it is Chris Philp MP for […]
Sleaze has made a reappearance in HM Government, not that it ever went away of course. My Snouts in the Trough Section of the website takes a look at MPs and Members of the House of Lords who have links or financial interests in Government Backed Loan Lenders, come and take a look HERE.