Inderjit Singh Dadial, 32, from Wolverhampton has been disqualified as a director for nine years. He was sole director of Cali Juices Ltd, a wholesaler of specialised soft drinks, which was incorporated in 2019 with […]
Here is another Bounce Back Loan issued by Metro Bank that has gone sour, worth a whopping £48,900 the Liquidator couldn’t work out where the money went or what it was spent on due to the reasons laid out, and as such the Insolvency Service has slapped the Company Director with a 6-year disqualification. Mr Matthew […]
The loans programme will broaden the financial support available to businesses, ensuring they can access funding at all stages of innovation. Government launches new series of loans worth £150 million to support innovative SMEs and […]
Once again Lord Agnew has let rip on the failings of the Bounce Back Loan scheme, and everyone involved in it during a 2 hour+ session before the Commons Treasury Committee, in which he exposed […]
You can often feel sorry for the hapless Tom Scholar from HM Treasury, for he is the person the Government often wheels out to explain away the dodgy goings on regarding Bounce Back Loans, Furlough […]
I have four recent Financial Ombudsman Service (FOS) outcomes for you to peruse today, all of which relate to NatWest, HSBC, Lloyds and Santander’s treatment of SMEs who applied for a Bounce Back Loan with those banks, the FOS sided with the banks on each case. Keep in mind that the London Law Firm are still awaiting an outcome to their legal challenge on BBLs from […]
Grab your popcorn and sit back and enjoy Lord Agnew giving his side of the story as to why he resigned his position as Minister of State at the Cabinet Office and HM Treasury due […]
As part on the ongoing series of Bounce Back Loan related complaints that have been sent to the Financial Ombudsman Service, today I present to you another outcome of theirs, this one went the way of a customer of NatWest who got £250 in compensation, which is what the bank offered in the first place. […]
The Government understands that people are frustrated with reports that fraudsters took advantage of Covid support schemes during the pandemic. Fraud is totally unacceptable, and we’re taking action on multiple fronts to crack down on […]
The list of business owners being banned for some form of Bounce Back Loan wrongdoing is at an all-time high and continues to grow, and today’s case is a common one which saw an 8-year […]
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