Year: 2022

All Rishi's Fault

HSBC Finally Confirm to the Ombudsman, When Told By Them to Address a Recent Bounce Back Loan Complaint, Their Feeder Accounts Were Imaginary, As I Did Announce Way Back When the BBL Scheme Went Live

September 10, 2022

Today I present to you a recent HSBC Bounce Back Loan related complaint that the Ombudsman has finally upheld, interesting to see that bank have now finally admitted that their Feeder Accounts, were indeed “imaginary” when the scheme first launched, as I and many of you had suspected at the time. […]

The Disqualification Files

Yet Another Santander Bounce Back Loan Goes Bad as Company Director is Hit with a 9 Year Disqualification for Over-Egging Her Business Turnover to Get That Loan

September 9, 2022

Not only did over-egging her business turnover allow the Company Director named below to get a £40k Bounce Back Loan, but she then went on to get a BBL top-up worth £9k too. However, having taken the insolvency route with the BBL not being paid back, and her over-egging wrongdoing being exposed and reported by the Liquidator, she is now starting a 9-year disqualification. […]

The Disqualification Files

Company Director Bags 3 Bounce Back Loans Worth £146k Shifts the Money Out of the 3 Business Bank Accounts, Takes the Insolvency Route and Gets Just an 8 Year Disqualification

September 8, 2022

Santander, who are spying on BBL recipients bank accounts and badgering some of their customers to validate their turnover figures long after they got their loan, could be doing so due to the Company Director, (a BBL customer of theirs) in the case below, who, as you will see, bagged a fortune in Bounce Back Loans and took the insolvency route leaving those loans unpaid at liquidation, and his punishment was an 8-year disqualification. […]

The Disqualification Files

The Insolvency Service Haven’t Got a Clue What Happened to this £50k Bounce Back Loan and a £25k Local Authority Business Grant, So Decide to Slap the Director with a 6 Year Disqualification

September 8, 2022

Here is another case of a Company Director with a Bounce Back Loan left unpaid, being given a 6-year ban for failing to maintain and/or preserve adequate accounting records or, in the alternative, failing to deliver accounting records to the Liquidator. […]