Recovery Loans
As Suspected the Recovery Loan Scheme Has Failed Many SMEs with on Average Just One Single RLS Drawn Down Per Lender Per Week
Having obviously been given a talking to, the British Business […]
Year: 2021
The Disqualification Files
6 Year Disqualification for Leaving Liquidator Unable to Determine if ATM and Over the Counter Cash Withdrawals of BBL Funds Were for Personal Benefit or for the Benefit of the Business and 9 Year Disqualification for Securing a BBL When Business Had Ceased Trading and Was Insolvent
Another two Bounce Back Loans worth a total of £80,000 have gone sour resulting in two business owners being slapped with a 6 and 9 year disqualification respectively. The reasons for those disqualifications follow the same pattern as many others, that being the business owners could not prove […]
More Scrutiny of BBLs
Government Commissions Company Employing Ex-Mi5 Head Jonathan Douglas Evans as An Advisor to Track Down Bounce Back Loan Wrongdoers – Read the Contract
Who would have thought when Rishi Sunak launched his Bounce Back Loan scheme along with the CBILS, CLBILS and Future Fund schemes, he would have to turn to a company that counts an ex-Director General of Mi5 on its payroll to try and sniff out potential fraudsters of those schemes, well that is what he is doing, and here is the contract awarded to that company. […]
The Disqualification Files
Another £25,000 BBL Turns Sour Resulting in a 5 Year BRO and the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill “Committee Stage” Scheduled for the 10th November 2021.
Just a quick update today for those of you interested in the progress of the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill that is currently making its way through Parliament, the next […]
The Disqualification Files
Capital on Tap Issued BBL Goes Sour with Company Director Hit with a 5 Year 6 Months Disqualification for Using His Bounce Back Loan Funds for Personal Benefit
Even though Capital on Tap decided that they would only offer Bounce Back Loans to their own customers, that hasn’t led to them being immune from those BBLs going sour, and here is an overview of one Company Director that has been hit with a 5 and a half year disqualification for among other things, using his BBL for personal benefit. […]