The Disqualification Files

Blagging NatWest Out of a £50k Bounce Back Loan When Only Entitled to Around £8,500, Leads to a Company Director Being Given a 10 Year Disqualification

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. […]

The Disqualification Files

Bank Account Analysis Proved a Co-Director Over-Egged Their Company’s Turnover to Blag a £50k BBL Off Metro Bank, for Which Both Directors Have Been Given an 11 Year Disqualification

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. […]

The Disqualification Files

Blagging a £50k Bounce Back Loan Off Barclays Bank by Over-Egging His Turnover and then Taking the Insolvency Route Results in Yet Another Company Director Being Slapped with a 10 Year Disqualification

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. […]

The Disqualification Files

Not Repaying His Company’s Bounce Back Loan with the Proceedings of a Coronavirus Business Interruption Loan As Required by the Terms of that Scheme, Leads to a Company Director Being Hit with a 5 Year Disqualification

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 […]