Today’s News
Back British Business
Starling Bank Refuse to Recognise the Arguments of Frustration and Common Mistake to Offset from a Bounce Back Loan Losses Caused by the Pandemic
A quick news update, here is the initial response from Starling Bank to one of their customers who is challenging the legality of their Bounce Back Loan under the arguments of frustration and common mistake: […]
Police BBL Investigations
BBL Door Kicker Files
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. […]
BBL Door Kicker Files
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. […]
BBL Door Kicker Files
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. […]
BBL Door Kicker Files
Arrests in London as the Bounce Back Loan Door Kicker Fraud Squad Investigate Another Group of Alleged BBL Fraudsters
The police squad tasked with tracking down Bounce Back Loan fraudsters can only handle 50 cases per year and have enough cases on file currently to last them 42 years. Slowly but surely, they are making progress and today I will be giving you the details of a recent London raid. […]
BBL Door Kicker Files
London and Birmingham Properties Raided as Part of a £2Million Bounce Back Loan Fraud Investigation
As many small businesses owners lay awake at night worrying how they are going to pay back their Bounce Back Loan, the National Investigation Service continue to work night and day hunting down those who scammed the BBL system. This case looks at a recent spate of arrests concerning an alleged £2m BBL scam. […]
BBL Door Kicker Files
Bounce Back Loan Fraud Squad Hot Foot It Down to Swindon and Melksham and Cart off Three People for Alleged BBL Fraud
It does look like fraudsters from all over the UK helped themselves to a small fortune when ripping off the Bounce Back Loan scheme, and here are the details of recent police raids in Swindon and Melksham as part of ongoing investigations. […]
Cases of BBL Wrongdoing
The Disqualification Files
HSBC Fires Off Another Guarantee Claim After a Company Director Wound Up Business After Bagging a £37,500 BBL When Turnover Indicates She Was Only Entitled To £8,800 and Used Most Of It For Personal Benefit
A 9 year disqualification has been handed out to a business owner who it was discovered massively over-egged their turnover and used most of a BBL for personal benefit and not the benefit of the business, here are the details of what marks the 101st case that I have listed on my BBL Default Tracker. […]
The Disqualification Files
Another Lloyds Bank and HSBC Bounce Back Loan Turn Sour with some £68,473 Being Added to My BBL Default Tracker and a 6 and 7 Year Disqualification Being Handed Out
Two cases to bring to you today, which have resulted in two Company Directors being hit with a 6 and 7 year disqualification for Bounce Back Loan wrongdoing. […]
The Disqualification Files
Businessman Over-Egged Turnover on His Car Business Allowing Him to Get a £50,000 Bounce Back Loan and Made Payments to Himself and Co-Director – Outcome 7 Year Disqualification
The Insolvency Service are still very busy currently, casting their eyes over any businesses that have been wound up with Bounce Back Loans still owing, and here is yet another Director that has been slapped with a 7 year disqualification for over-egging turnover and using a fair chunk of that loan for “personal benefit”. […]
The Disqualification Files
Government Set to Tackle Directors Who Have Inappropriately Wound-Up Companies That Have Benefited From Bounce Back Loans
Lots for you to read today, as the Government are now scrambling around like headless chickens in an attempt to do everything they can to stop or at least deter Directors winding up companies if they bagged a Bounce Back Loan, so grab a coffee and read on, and see what Kwasi Kwarteng and others are planning and are up to. Does it include MPs, Members of the House of Lords and Ex-PM’s? Take a Look.. […]
The Disqualification Files
Insolvency Service Opens a Huge Can of Worms with Ruling on and Their Understanding of “Estimated Turnover” After Handing Company Co-Directors a 10 and 11 Year Disqualification Respectively for BBL Wrongdoing
Today’s case involves two Co-Directors hit with a 10 and 11 year disqualification, their joint business was incorporated in 2018, but an estimated turnover for 2019 was used to apply for a BBL, which the Insolvency Service appear to indicate was fine, based on their interpretation of the rules. However, the Insolvency Service put into question the whole aspect of the “estimated turnover” and when it should have been used, but they also indicate a “should have known it was lower” element. […]
The Disqualification Files
11 Year Disqualification for Company Director Who Obtained Two Bounce Back Loans for His One Single Company Didn’t Schedule the Second Loan as a Liability in the Signed Statement of Affairs at Liquidation and Used Funds For Personal Benefit
One of the largest disqualifications has just been handed down for a Company Director that applied for and secured two Bounce Back Loans for his one single company, worth a combined […]
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
Back British Business
Starling Bank Refuse to Recognise the Arguments of Frustration and Common Mistake to Offset from a Bounce Back Loan Losses Caused by the Pandemic
A quick news update, here is the initial response from Starling Bank to one of their customers who is challenging the legality of their Bounce Back Loan under the arguments of frustration and common mistake: […]
Back British Business
Challenge Your Bounce Back Loan Update – Back British Business Webinar – Live 20th January 6pm
Make sure you tune in for an update on how the Back British Business team of lawyers are getting on with challenging Bounce Back Loans. Full details on their website, including the link to tune […]
Back British Business
An Update on the Challenge Your Bounce Back Loan Scheme Offered by Back British Business
Feel free to tune into the video below to watch me having a good chat with Wasif the Lead Lawyer from Back British Business who gives me an update on the legal challenge and he […]
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
BBL Complaints and Outcomes
HSBC Bank Account and Bounce Back Loan Complaint Not Upheld by the Ombudsman
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 an HSBC Bounce Back Loan related complaint and the outcome of that complaint. […]
BBL Complaints and Outcomes
Ombudsman Feels £300 is Fair For Delays Endured by HSBC Customer Applying for a CBILS Who Ended Up with a Bounce Back Loan
Rishi Sunak is of course giving his great speech today at the Conservative Party Conference over in Manchester, so all eyes will be on him later to see what plans he has (if any) to help everyone recover. I have found another Financial Ombudsman ruling, and this one will give you an insight into […]
BBL Complaints and Outcomes
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. […]
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's
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 […]
British Business Bank FOI's
List of All Businesses That Have Been Given a Bounce Back Loan
Many people have submitted FOI Requests to the British Business Bank and having been sent each of them all by that organisation I am publishing them all on this website, to give you some idea […]
British Business Bank FOI's
Artificial Intelligence and Digital Transformation within the British Business Bank
With many organisations adopting a range of different artificial intelligence schemes and tools, this Freedom of Information Request is asking the British Business Bank if they have adopted any of them or intend to. […]
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
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 […]
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
Back British Business
Starling Bank Refuse to Recognise the Arguments of Frustration and Common Mistake to Offset from a Bounce Back Loan Losses Caused by the Pandemic
A quick news update, here is the initial response from Starling Bank to one of their customers who is challenging the legality of their Bounce Back Loan under the arguments of frustration and common mistake: […]
BBL Complaints and Outcomes
Financial Ombudsman Service Tell Me Arrogantly Their Staff “Are Aware of the Rules” Then in Typical Idiot Fashion Make a Shocking Error That Could According to the British Business Bank Could Cost a Business Dear
I put up a story the other day regarding a Financial Ombudsman Service decision in which it was stated that a business owner couldn’t prove their turnover for a BBL and […]
BBL Complaints and Outcomes
Ombudsman Decides a Company Director Did Transfer BBL Funds From His HSBC Bank Account Rather Than Him Being Victim of a Scam
I have a rather unusual case that the Financial Ombudsman Service have given a ruling on today, that being a Company Director claiming he was the victim of a bank scam in which Bounce Back Loan funds were transferred out of his account. […]
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
Back British Business
Starling Bank Refuse to Recognise the Arguments of Frustration and Common Mistake to Offset from a Bounce Back Loan Losses Caused by the Pandemic
A quick news update, here is the initial response from Starling Bank to one of their customers who is challenging the legality of their Bounce Back Loan under the arguments of frustration and common mistake: […]
BBL Complaints and Outcomes
Financial Ombudsman Service Tell Me Arrogantly Their Staff “Are Aware of the Rules” Then in Typical Idiot Fashion Make a Shocking Error That Could According to the British Business Bank Could Cost a Business Dear
I put up a story the other day regarding a Financial Ombudsman Service decision in which it was stated that a business owner couldn’t prove their turnover for a BBL and […]
BBL Complaints and Outcomes
Ombudsman Decides a Company Director Did Transfer BBL Funds From His HSBC Bank Account Rather Than Him Being Victim of a Scam
I have a rather unusual case that the Financial Ombudsman Service have given a ruling on today, that being a Company Director claiming he was the victim of a bank scam in which Bounce Back Loan funds were transferred out of his account. […]
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
BBL Diaries
Complained to HSBC CEO Team About My BBL
Ive been watching your thread since early May and cannot thank you enough for the support you are offering people in need of support. You have really helped me. Although I’ve not contributed so far, […]
Twitter Vault
HSBC Usually Pay in 2 Days of EchoSign Being Returned
Hi, I got this through last night! Assuming there’s no hidden agendas and I’ve been 100% approved and can expect the funds? If I do that would be great, any reasons you have seen why […]
Success Stories
Rapid Payout Lloyds via Halifax
Not something I thought I’d be saying but I nearly had a heart attack when I checked my Lloyds bank account this afternoon… I’ve been paid! I just want to say thank you, after being […]
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 Have Their Say
Bank Bosses Say the Craziest Things Episode Two “We had no handbook”
In the second episode of my series of videos in which you can see just what bank bosses have said to Members of Parliament, the one below will enlighten you on what the boss of […]
Bank Bosses Have Their Say
Bank Bosses Say the Craziest Things Episode One “backlog cleared by end of week”
Welcome to my new series of videos, in which I will be looking at some of the things bank bosses that are part of the Bounce Back Loan scheme have said when questioned by Members […]
Bank Bosses Have Their Say
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 […]
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
Kwasi Kwarteng Secretary of State for BEIS Bags a Huge Donation from Helios Investment Partners LLP and Low and Behold the British Business Bank Pick One of that Firms Partners as Chair for their Working Group
Kwasi Kwarteng is Secretary of State for BEIS that organisation instructed the British Business Bank to launch the BBL, CBILS, CLBILS and Recovery Loan Schemes. Well, he must have been giddy with excitement when Helios Investment Partners LLP bunged him £4,500 for his election fighting fund. Then would you believe it, the BBB pick Henry Obi from Helios Investment Partners to become Chair of one of their Working Groups. […]
Snouts in the Trough
Paul Scully Egged On By Kevin Hollinrake Refuses the SNP’s Idea of Turning BBLs Into Grants As Kevin Says Some People Squirreled Them Away – Kevin Admits a Business He Had An Interest In Had a £3.5m CBILS, Squirreled It Away Then Repaid It
One has to wonder what is going on in Government these days, well it does not take too much effort to sus out something is not right. As I mentioned the other day, Paul Scully […]
Snouts in the Trough
Dodgy David Cameron’s Text Messages and Emails Relating to Greensill
I have been asked to pop up onto the website in jpeg format the text messages and emails sent and received by and to David Cameron regarding the Greensill affair/saga/scandal. As I am always happy to do such things find them all below. If you shake his grubby hand, count your fingers afterwards. […]
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.
