Year: 2022

They are the easiest people for the powers that be to go after for Bounce Back Loan wrongdoing, those being the Company Directors who took out one of those loans, used it for personal benefit and not the benefit of the business then took the Insolvency route. That is what the Director in today’s case did and ended up with a 3-year 6-month disqualification when the wrongdoing came to light. […]

The Company Director in this case has just been disqualified for 11 Years, for the wronging highlighted, however it is interesting to note what is said about her over-egging of the estimated business turnover. […]

Taking the Insolvency route with a Bounce Back Loan still owing is always going to see great scrutiny being given to how the BBL was applied for and what it was spent on. The Company Director named in this case was found to have used a chunk of his Company’s BBL for personal benefit and as such got a 6-year disqualification. […]

The Company Director in this case had a business with a turnover that was worked out to be £12,340 but even though he was allowed, due to the business starting to trade in August 2019, to estimate the turnover, he got an 11-year disqualification for estimating the turnover was £190,241, and also not using it all for the benefit of the business. […]

Not only did the Company Director named in this case apply for and get a Bounce Back Loan by over-egging the turnover of his Company that wasn’t eligible for the loan, but he also made no attempt to explain where the funds went and subsequently was slapped with an 11-year disqualification. […]