close a limited company
The Disqualification Files

Not Using a Lloyds Bank Bounce Back Loan in its Entirety for the Benefit of His Business and Overstating His Turnover to Get that Loan Sees Director Slapped with a 6 Year Disqualification

Having incorporated his Company in 2019 the Company Director in today’s case would have been allowed to estimate his turnover, however he has just been slapped with a 6-year disqualification for overstating that estimated turnover and not using the BBL in full to benefit his Company. […]

The Disqualification Files

There Appears to a Noticeable Increase in Company Directors Not Delivering to the Liquidator Their Accounting Records in the Hope They Get a Lower Disqualification for Abusing the Bounce Back Loan Scheme

With some hefty disqualifications being handed on to those who take the Insolvency route with their LTD Companies when there is a Bounce Back Loan involved and wrongdoing is uncovered, I have seen quite a number of Directors fail to preserve and/or maintained adequate accounting records, or in the alternative, fail to deliver up adequate accounting records to the Liquidator  in the hope they get a lower ban. Here is a case in which a Director has just been given a 7 Year disqualification, and […]

The Disqualification Files

Director Gets Three Bounce Back Loans from HSBC For Three of His Companies Two Were Not Eligible and The Other Had Its Turnover Over-Stated. All Were Left Owing at Liquidation, and He Has Just Been Given a 12 Year Disqualification

I just know the guarantee claims that HSBC will eventually be putting in for Bounce Back Loans they paid out that have gone bad will be massive, much more so when I hear cases such as this one which saw a Company Director hit with a 12-year disqualification for blagging three BBL’s from them. […]