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Finding Business Tough at the Minute? Discover How You Can Bid for Government Contracts Some of Which Will be Tailored at Your Business Type and Can Be High in Value Too

Looking for new customers can be a never ending and sometimes daunting task, however with organisations such as the British Business Bank offering contracts worth £75,000 for “Social Media Support”, £89,209 for “cleaning services” for their Sheffield office and even contracts worth £40,000 for “courier services” and £40,000 for “catering services”, that being keeping their staff fed and watered during meetings, you should consider applying […]

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Four More Recovery Loan Lenders Accredited on the Day Two British Business Bank Bosses Are Dragged Over the Coals by the Public Accounts Committee Investigating the Greensill Saga

The phrase “lessons will be learned” is one you are going to hear quite a lot of moving forward, much more so when it comes to the Government backed loan schemes, and yesterday it was rolled out several times during a Public Accounts Committee meeting in which they had sat before them a couple of hapless bosses of the British Business Bank. […]

The Disqualification Files

Liquidator Unable to Determine When a Company Started and Ceased Trading and Whether Turnover Was Correct or Over-Egged when Director Applied for a £48,750 BBL – Outcome Director Disqualified for 7 Years

The list of Company Directors being handed long disqualifications when winding up their companies is growing, and will no doubt continue to grow moving forward, much more so with the new Bill working its way through Parliament that aims to punish those winding up companies “dubiously” when there is a BBL involved. Here is another one I have come across which saw a Company Director being disqualified for 7 years. […]

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Tide Bang the Final Nail in the Coffin for Many of Their BBL Recipients Whilst Rishi Sunak, Kwasi Kwarteng, Paul Scully and Members of the House of Lords Who Get Paid by Tide Swan Off on Holiday

Many of you are more than aware of the stunts that Tide pulled with their Bounce Back Loan scheme, dodgy waiting lists, running out of money, bagging a £25m BCR Grant etc, well now they have stuck two fingers up to the few customers who managed to get a BBL from them, telling them they can do one and get stuffed if they think they are going to get access to the Pay As You Grow Options that Rishi Sunak has said are automatic and so easy to get. […]

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The Disqualification Files

Businessman Applies for and Secures a Bounce Back Loan Worth a Tasty £30,000 But for a Company Not Trading, Then Liquidates Company and is Disqualified for 6 Years

I am now awash with the names and details of Company Directors that have been disqualified by the Insolvency Service for wrongdoing and each of them have a Bounce Back Loan related backstory. This one is regarding a businessman who bagged a BBL worth £30k at a time the Company had ceased trading and then liquidated the company with the BBL still being owed to the bank. […]

The Disqualification Files

Six Year Disqualification for Company Director That Used Just £617 of a £20,000 Bounce Back Loan on Business Expenditure and Paid Himself/Associates the Remainder

One day we will know the true scale and the cost of the Bounce Back Loan scheme regarding those who ripped it off, but until that day arrives here is another person that used their loan for personal benefit and not for the good of their business and has now been disqualified for 6 years. […]

The Disqualification Files

Another Person Disqualified for 6 Years This Time for Using Half of a £39,000 Bounce Back Loan for Personal Benefit Which He Applied for Three Days After Instructing Liquidators to Liquidate His Company

Whilst many of you have applied for your Bounce Back Loans perfectly legally and legitimately, plenty of business owners have not, and here is another example of someone that has just been disqualified for 6 years for applying for and securing a BBL days after instructing liquidators to wind up his business and using half of the loan for personal benefit and not the benefit of the business. […]