Today’s News
The Disqualification Files
Company Director Blags Two £50k Bounce Back Loans for One Single Business and Along With His Failure to Keep and/or to Maintain Adequate Accounting Records Gets a 10 Year Disqualification
The rules of the Bounce Back Loan scheme stated that you could have as many BBL’s as you had eligible separate businesses, one for each business, as long as they were not part of a holding company at the top of the structure, in fact the record I am aware of is 36 BBLs to one multiple business owner. However, today’s case is regarding a Director who got two £50k BBLs for one single Business. […]
True Cost of BBL’s
Premium Content
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 […]
Todays News
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 […]
Todays News
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 […]
Challenge Your BBL Updates
Back British Business
FOS Report Huge Drop in BBL Related Complaints – But They Are Expecting a Huge Increase Soon Due to SMEs Challenging Their Loans Hence Them Taking on More Staff to Deal with BBL Complaints
Having seen Bounce Back Loan complaints sent into them drop by 112, from 287 in Q1 down to just 175 complaints in Q2, the Financial Ombudsman Service (FOS) are expecting a huge increase moving forward and are making the required steps to cope with that demand. As more and more people challenge the legality of their Bounce Back Loans […]
Back British Business
Subscriber Special Report – I Met Up with the Back British Business Team in London and Quizzed Them Some More on Their Challenge Your Bounce Back Loan Service – Here Is What They Told Me About Sign-Ups, Snatch-Back Letters and More
I had an enjoyable time at the EUA Campaign event in London on Wednesday, and had a busy schedule to fit in. I did of course spend some time with several members of the Back British Business team and once again they were more than happy to answer my questions. Those of you with a snatch back letter can rest assured […]
Back British Business
Still Debating Whether to Legally Challenge Your Bounce Back Loan? If You Are in London Tomorrow the 17th Of November Then Come Along to The EUA Campaign Event to Learn More
Just a quick reminder that tomorrow the 17th of November the EUA Campaign are holding another event in London, and Wasif Mahmood the Lead Lawyer from Back British Business will be there giving a speech […]
Back British Business
If You Missed Our Zoom Call Fear Not Here is Wasif from Back British Business Chatting to Phil Williams About Their Challenge Your Bounce Back Loan Service Along with Someone Who Took Out One of Those Loans
As the word of the Challenge Your Bounce Back Loan Service offered by Back British Business gathers steam, Wasif, the lead lawyer from that firm is appearing on TV and Radio and as I mentioned […]
Back British Business
Been Sent a BBL Snatch Back Letter? Well, You Are Currently in Limbo as Most Banks Never Let You Know Why They Sent It – You Can Still Challenge Your BBL If You Feel You Have Done No Wrong, Gather Round Let’s Have a Chat
The utterly vile way the banks are treating some of their Bounce Back Loan customers knows no bounds, and today I want to enlighten you on your options with challenging your BBL even if you have been sent out a snatch back letter, and the loss of income you may be experiencing due to receiving one. […]
Back British Business
British Business Bank Knew Lenders and Even Brokers Were Misleading SMEs and Mis Selling Bounce Back Loans Even Spending £m’s to Monitor Those Lenders
Today I present to you documents and video evidence that proves beyond any reasonable doubt that the British Business Bank knew Lenders and Brokers mis sold Bounce Back Loans. […]
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.
Compensation Files
BBL Compensation
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 […]
BBL Compensation
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
Premium Content
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 […]
Premium Content
The Often Bumbling/Befuddled Tom Scholar From HM Treasury Was Once Again Forced To Sit Before The Public Accounts Committee and Answer a Slew of Bounce Back Loan Related Questions.
Whilst he once again buckled under pressure during a Public Accounts Committee Oral Evidence Session, at one stage struggling to remember the name of one of the Covid Loan schemes, I was able to gather some interesting facts and figures when listening to what Tom Scholar and his HM Treasury team had to say about BBLs. […]
Premium Content
Having Been Refused Entry Into Their Building, Surrounded by Bouncers and As HM Treasury Have Finally Replied To My Complaint I Have Submitted Additional Evidence and Have Increased My Compensation Claim from £250,000 to £360,000
For those of you avidly following the never ending, almost farcical saga surrounding the complaint I have submitted to HM Treasury, I have now submitted additional evidence and have increased my claim for compensation over the Government’s mishandling of the Bounce Back […]
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
The Disqualification Files
Company Director Blags Two £50k Bounce Back Loans for One Single Business and Along With His Failure to Keep and/or to Maintain Adequate Accounting Records Gets a 10 Year Disqualification
The rules of the Bounce Back Loan scheme stated that you could have as many BBL’s as you had eligible separate businesses, one for each business, as long as they were not part of a holding company at the top of the structure, in fact the record I am aware of is 36 BBLs to one multiple business owner. However, today’s case is regarding a Director who got two £50k BBLs for one single Business. […]
Todays News
Another Shameful Day in Parliament as Two Conservative MPs Proclaim Their Confidence in Boris Johnson Citing the BBL Scheme – As SMEs Panic Over First Repayment Day Fast Approaching
As Boris Johnson took to our television screens yesterday with another Downing Street briefing, many would say he did so as a distraction to the Opposition Day debate that was being played out in the […]
The Disqualification Files
Failing to Maintain and/or Deliver to the Liquidator Adequate Accounting Records to Prove Whether a Bounce Back Loan Was Used for the Benefit of a Business and Where Other Funds Went Lands Company Director with a 7 Year Disqualification
Many things will wind-up a liquidator, one of them being a business owner failing to keep and/or supply to them adequate accounting records, today’s case is one in which a 7 year disqualification has been handed out for those failings, and it does of course include a Bounce Back Loan, a Santander one […]
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.
50+ Insolvency Service BBL Related Cases
The Disqualification Files
Another Company Director Disqualified for Over-Egging Turnover and Not Supplying Proof That a Bounce Back Loan Was Used to Benefit His Business
The list of Company Directors given a slap by the Insolvency Service continues to grow and at pace, and today I am taking a look at another one who has just been disqualified for a whopping 11 years for over-egging his business turnover to bag a BBL whilst not being able to prove the funds were used to provide economic benefit to his business. The chap in question is […]
The Disqualification Files
Insolvency Practitioner Warns Company Director His Business Appears Insolvent and Not to Do Anything to Worsen Position of Creditors – He Then Proceeds to Obtain a BBL and Uses it for Personal Benefit and Is Hit with a 7 Year Disqualification
Using a Bounce Back Loan for personal benefit and not for the benefit of the business has landed many a Company Director with a long disqualification when they then go on to wind-up their business, and today’s case involves a £50k BBL and a 7 year disqualification. On the 27 July 2020 […]
The Disqualification Files
Another 18 Bounce Back Loans Turn Sour Adding Another £718,353.33 to the Government Guarantee Bill
Not all Sole Traders or LTD Company Directors that have had to declare bankruptcy or wind up their businesses are being slapped with long BROs or Disqualifications. But those who have had to take that route with a Bounce Back Loan still owing will have to submit to close scrutiny of how […]
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.
500+ Stories of BBL Stress and Anguish
Twitter Vault
Email to HSBC CEO Office did the Trick
Hi! So after applying on 4th and signing on 8th, loan has finally dropped into account today May 26th. Emailed Ian Stuart at the end of the week and over weekend etc and finally been […]
Twitter Vault
NatWest Confusion Over More Than One BBL Rule
Hi mate. Thanks for all your work and info during this time. I have just been rejected last minute (after initial acceptance) by NatWest who changed their mind because I have successfully applied for separate […]
Pick of the Posts
HSBC Finally Getting Things Sorted Out
HSBC – Loan just landed 24 hours after signing the documents!!!! 4 weeks to the day of application. Massive weight lifted, emotions riding high. Thank you so much for everything you have done, it is […]
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.
25+ Ombudsman BBL Complaints
BBL Complaints and Outcomes
Financial Ombudsman Feels £150 is Fair Compensation for a Barclays Customer Who Experienced a Saga When Applying for a Business Account and Bounce Back Loan
When you take a complaint to the Financial Ombudsman it will be a case handler that will initially determine the outcome of that complaint, but you can send it for a review if you are not happy with the outcome, and then an Ombudsman will investigate. That is what today’s story […]
BBL Complaints and Outcomes
NatWest BBL Complaint “Take the £400 Offered or Don’t”
This page of the website is going to give you a full insight into the official outcome of a complaint sent into the Financial Ombudsman regarding a NatWest Bounce Back Loan related complaint and the outcome of that complaint. […]
BBL Complaints and Outcomes
TSB Bounce Back Loan Complaint £275 in Total Awarded
This page of the website is going to give you a full insight into the official outcome of a complaint sent into the Financial Ombudsman regarding a TSB Bounce Back Loan related complaint and the outcome of that complaint. […]
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
British Business Bank FOI Requests
FOI Request the BBB Received and Their Reply About IT Suppliers They Use the Services Of
A run of the mill FOI Request the British Business Bank received can be seen below along with their reply relating to their IT Suppliers. […]
British Business Bank FOI Requests
How Many Bounce Back Loans Each Individual Accredited Lender Has Approved
Below are three FOI Requests that I sent into the British Business Bank along with their reply. I would like a breakdown of how many Bounce Back Loans each individual accredited lender, as per the […]
British Business Bank FOI Requests
What Lending Limits Have Been Placed on Each BBL Lender?
Anyone is of course free to ask the British Business Bank any questions they have about Bounce Back Loans, however as history has proven they do tend to shy away from giving decent answers, much […]
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.
Bank Bosses Have Their Say
Bank Bosses Say the Craziest Things
Bank Bosses Say the Craziest Things Episode Six “I Will Just Waffle and Look Gormless”
Welcome to episode six of my ongoing series of videos in which I take a look at what bank bosses whose respective Banks are part of the Bounce Back Loan scheme have said when they […]
Bank Bosses Say the Craziest Things
Bank Bosses Say the Craziest Things Episode Seven “HM Treasury will NOT Pursue Recoveries”
Today is the day when apparently banks that are part of the Bounce Back Loan scheme are going to have their “digital journeys” for making use of the Chancellors “Pay as You Grow” aspect of […]
Bank Bosses Say the Craziest Things
Bank Bosses Say the Craziest Things Episode Five “Exaggerating Turnover is Fraud”
When it comes to the Bounce Back Loan scheme, some people working for certain lenders are famed for never being able to shut up and can often spout all manner of nonsense when being quizzed […]
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
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. […]
Snouts in the Trough
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 […]
Snouts in the Trough
Worried About Going Bust Having Had a Government Backed Loan? Don’t Be, as a Company with Links to Rishi Sunak and His Wife Has Already Done So, But for a Whopping £1.3m Oh What Fun!
You are not going to believe this, well in today’s Political world you will, below I will lay out all the facts on how a company linked directly to Rishi Sunak and his Wife, bagged a £1.3m Government Back Loan and then went into Administration. I will let you connect the dots on this one dear reader, as I know you like to see “receipts”. […]
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.
