Back British Business
Year: 2021
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. […]
Premium Content
Company Owned by Popular Comedian Bobby Davro Goes to the Wall Taking a NatWest Bounce Back Loan With It – That Toxic Debt and the Madness Surrounding It Needs Addressing
Those with a Bounce Back Loan often keep that loan a secret from others, but some celebrities or even MPs are not afraid to let it be known they have a shareholding or outright ownership of a business that has or had a BBL, such as Craig Mackinlay the Conservative MP for South Thanet who is a partner in an Accountancy firm that secured a BBL. Whilst MPs are probably going to have no problem paying back that loan […]
Back British Business
As Predicted, Mainstream Media Picked Up the “Challenge Your Bounce Back Loan” Service from Back British Business and Run With the Story
As I mentioned in the zoom call we had the […]
Premium Content
NatWest Fire Out a Paltry 364 Recovery Loans worth £30m with CEO Alison Rose Appearing Chirpy That Her Bounce Back Loan Book is Performing Well
Some interesting facts and figures have been released by a chirpy Alison Rose CEO of NatWest relating to both Recovery Loans and Bounce Back Loans. But as you would expect those figures leave more questions to be answered, I suspect that her chirpiness will soon wane as SMEs start to default. […]