April 2023 - Page 20 of 27 - Mr Bounce Back - Bounce Back Loan News - Updates

For Blagging Two Bounce Back Loans Worth £100k in Total When Only Eligible for One BBL Worth £4k, Transferring the Money to Himself and Not Repaying Them a Company Director is Given a 12 Year Ban

April 14, 2023

It was Lloyds Bank and NatWest that paid out these two Bounce Back Loans, and for everything highlighted, the Company Director has been slapped with a 12 year ban. […]

With No Accounting Records Supplied to the Liquidator Which Would or Wouldn’t Provide Prove a Starling Bank £50k Bounce Back Loan Was Legit, a 7 Year Disqualification is Handed Down to a Company Director

April 13, 2023

This is a case which involves a £50k Starling Bank Bounce Back Loan which has resulted in the Company Director being given a 7 year ban. […]

Having Blagged a NatWest Bounce Back Loan Around £30k Higher in Value than Eligible for by Over-Egging His Business Turnover and Leaving the BBL Unpaid a Company Director is Slapped with a 10 Year Ban

April 13, 2023

Another case of over-egging business turnover has been uncovered at the liquidation of a Company, and the Director named is now starting a 10 year ban for that wrongdoing. […]

Company Director Over-Egged His Business Turnover to Get a Bigger BBL Than Entitled to, Didn’t Spend It On the Benefit of His Business and Never Repaid It, So is Given an 11 Year Ban

April 13, 2023

Here is the story behind a £50k Lloyds Bank Bounce Back Loan that was not repaid, and for the listed wrongdoing the Company Director is now starting an 11 year ban. […]

Reminder – The Powers That Be Are Turning a Blind Eye If You Over-Egged Your Business Turnover by No More Than 25% Over and Above the Permitted 25% Turnover Figure

April 12, 2023

For those of you that may be new here and are seeking information regarding the over-egging of turnover, be aware the powers that be, tend to look the other way as long as you did not over-egg your turnover by over and above 25% more than the permitted 25%. Here are some recent cases which prove such: […]