Year: 2022

The Disqualification Files

Having Blagged a Barclays Bank Bounce Back Loan for a Business That Had No Turnover Having Never Traded and Not Using those Funds for the Benefit of the Business and Leaving the BBL Owing at Liquidation Sees a Director Hit with a 9 Year Disqualification

August 11, 2022

A whopping £50,000 by way of a Bounce Back Loan that has not been repaid at the liquidation of a business is what this case revolves around, the Company Director got a 7-year ban and no doubt Barclays Bank are eyeing up the guarantee claim, if they have not yet put it in. […]

The Disqualification Files

No One Seems to Know if a Lloyds Bank Bounce Back Loan Was Used for the Benefit of His Business Or Whether Coronavirus Job Retention Scheme Funds Were Used for Employment Costs, So Company Director is Given a 6 Year Disqualification

August 11, 2022

Another case in which a Liquidator is left scratching his or her head trying to work out whether wrongdoing has been discovered regarding a Bounce Back Loan and Coronavirus Job Retention Scheme funds, either way due to lack of accounting records the Company Director named gets a 6-year disqualification. […]