October 2022 – Mr Bounce Back – Bounce Back Loan Complaints and Scandals

Months After Ceasing Trading After a Visit From HMRC Director Blags a £50k Bounce Back Loan His Business Was Obviously Not Entitled To and is Slapped with an 11 Year Ban

October 31, 2022

Another story of someone blagging a Bounce Back Loan when not eligible for it, this case as you will see involves a £50k BBL and the Director named is now starting an 11 year ban. […]

10 Year Disqualification for Blagging a Barclays Bounce Back Loan Then a BBL Top-up When Not Eligible and Transferring the Money to Himself and Leaving it Unpaid at Liquidation

October 31, 2022

The number of people who over-egged their turnover to get a Bounce Back Loan is huge, and this case shows what happens when you did just that, and also blagged a BBL top-up and spent the money on yourself and not the business then take the insolvency route. That being a […]

The High Court Shuts Down a Business After Learning Its Director Tried to Unsuccessfully Blag a CBILS But Then Got a £40k Bounce Back Loan and Four Payments worth £20k from the Job Retention Scheme When Not Eligible for the CBILS, BBL or JRS Grants

October 30, 2022

As we are waking up to the news that Liz Truss’s phone had been hacked by Russia, another story that will make you choke on your coffee is this one, which shows just how easy it was for ne’er do wells to blag the BBL scheme and the Job Retention Scheme too. […]

CBILS “Abuser” Kevin Hollinrake MP Now Parliamentary Under Secretary of State at BEIS – Julia Hartley Brewer from Talk Radio Says People Like Him Acted Immorally and I Agree

October 29, 2022

Just when you thought the Government couldn’t get any more messed up, I discover that Kevin Hollinrake has become the new Parliamentary Under Secretary of State at BEIS, the Department of course that is part […]

Modest 6 Year Disqualification for Using the Majority of His Company’s £50k NatWest Bounce Back Loan on Himself not the Business

October 28, 2022

Another day, and another Bounce Back Loan wronging case to present to you, here are the details of a NatWest BBL that has turned sour that has led to a 6 year disqualification for the Director named. […]

An 11 Year Ban Handed Out to Company Director Who Got Two Bounce Back Loans for His One Single Company Worth £100k in Total and Spent the Money on Himself not the Business

October 28, 2022

I will leave it up to you to decide whether it was worth the 11 year ban the Company Director named below is now starting for blagging a total of £100k in Bounce Back Loans. […]

Using Funds from a Barclays Bounce Back Loan Meant for His Limited Company to Invest Personally in a Global Energy Company and Not Providing Accounting Records to Allow the Insolvency Practitioner to Do Their Job Results in a 7 Year Disqualification

October 28, 2022

Here are the events which led up to the named Company Director being slapped with a 7 year ban for taking the Insolvency route, leaving a BBL unpaid and having committed the following Bounce Back Loan related wrongdoing. […]

Santander £50k Bounce Back Loan Left Unpaid Resulting in Company Director Who Over-Egged His Company’s Turnover to Get It Receiving a 9 Year Disqualification

October 28, 2022

Grants Shapps is now the Secretary of State for Business, Energy and Industrial Strategy, which means it is he who has to agree to the length of disqualification that Company Directors get, when for example they have been found to have done any […]

Full Details of How One Company Director Now Hit with a 12 Year Ban Blagged Three Bounce Back Loans All of Which Were Not Paid Back

October 27, 2022

I recently reported on the following Company Director regarding his three dodgy Bounce Back Loans, today you can see a forensic insight into how he blagged those loans […]

You Should NOT Be Pursued for More Than 12 Months for the Recovery of an Unpaid Bounce Back Loan – Read and Watch the Official Statements / Comments from BEIS, the Financial Conduct Authority, and the National Audit Office

October 26, 2022

This will be of interest to anybody that has sadly defaulted on their Bounce Back Loan and will help you sleep well at night. Here are official comments and statements from Government Departments confirming that 12 months is the time limit chosen as the cut off point for any BBL Lender or their nominated debt collectors to try and pursue BBL recoveries. […]