Month: July 2022

I am seeing a growing number of Company Directors being given a mid-ranged disqualification, such as the one in this case who got a 7 Year ban, for failing to maintain, preserve and, or in the alternative deliver up complete accounting records of his business when winding it up, with a Bounce Back Loan owing. […]

A 9-year disqualification has just been handed out to a Company Director whose accounts prove his turnover was over-egged and the money trail proved the loan was not used for the benefit of his business. […]

It does look like a 6 year disqualification is the most common “punishment” for using a Bounce Back Loan for personal benefit and not the benefit for a business and leaving it owing at liquidation, as yet another Company Director has just been handed one, as this case reveals. […]

The next set of figures showing just how many Bounce Back Loan Guarantee claims have put in by lenders will no doubt be huge, and those figures are due this month. Here is another case in which a Company Director has been hit with a long disqualification for BBL wrongdoing. […]