Month: January 2023

The Company Director named in this case is now starting a 5 year ban for the wrongdoing associated with a £50k Santander Bounce Back Loan. […]

Here is a common tale of Bounce Back Loan skulduggery, read it through, but please do not choke on your coffee when doing so. […]

Some would say that in hindsight, perhaps it was not that good an idea to allow anyone wanting a Bounce Back Loan to self-declare their business turnover to get one of those loans. But let’s not forget the major banks all demanded such things to ensure they could fire out those Government backed loans at lightning speed, and Government Ministers gave the scheme the greenlight. […]

Once you read through the following case, you may be left thinking that the 5 year disqualification the Company Director has just been given is somewhat lenient. […]

A Barclays Bank Boss has gone on record as saying she knows plenty of people over-egged their turnover to get a Bounce Back Loan from her bank, however for doing just that to get a £50k BBL from Barclays has led to the Company Director named below being given a lenient 8 year ban. […]

Looking at the most recent Bounce Back Loan Guarantee Claims, Metro Bank are not afraid of claiming on the BBL Government guarantee rapidly, which is what they no doubt will have done with the one they gave to the Company named below. The Co-Directors of that Company are now starting 11 year bans for the wrongdoing listed. […]

If you were given £1 for everyone that over-egged their turnover to get a Bounce Back Loan, you wouldn’t need a BBL as you would be rich. Here is another such case that has resulted in an 11 year ban. […]

Over-egging his Company’s turnover has resulted in a 10 year disqualification for the Director named below. […]

It does of course take quite some time for the powers that be to work out whether any Company Director has committed any BBL related wrongdoing when taking the Insolvency Route, but if they do a long disqualification is often handed out, like the 10 year ban given to the Company Director named in this case. […]

Not following the rules of the CBILs Scheme regarding paying off his Company’s Bounce Back Loan when later getting a Coronavirus Business Interruption Loan has resulted in the Director named below receiving a 5 year disqualification […]