Just a quick update, been receiving a lot of calls and emails regarding the State Aid / Business Interruption Payment letters/statements some of you may have received or will shortly receive. I have popped a copy of one such letter below so you can get your head around what it is about. […]
Not one of the longest disqualifications handed out recently, but the Company Director named in today’s two BBL related cases is starting a seven-year disqualification for over-estimating the estimated turnover to get two BBLs and leaving both of those loans owing at liquidation. […]
The business owner in today’s case was discovered to have over-egged his turnover to secure a much larger valued Bounce Back Loan than eligible for and having taken the Insolvency route leaving that BBL unpaid it was decided that an 11 year disqualification would be a suitable “punishment”. […]
Another outrageous case today, involving a £20k Bounce Back Loan, that as you will see went to a Company Director whose Company had no turnover and wasn’t even trading, and his punishment was a 9-year disqualification. […]
Here is another case which has resulted in the Company Director named being given a 9-year disqualification for failing to provide any evidence that the over-estimating of her Company’s estimated turnover was appropriate. […]
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