May 2023 - Mr Bounce Back - Bounce Back Loan News - Updates

Facts and Figures Related to Active Civil and Criminal Insolvency Service Investigations Into Those Suspected of Having Blagged the Bounce Back Loan Scheme and Other Covid-19 Financial Support Schemes

May 31, 2023

As you will see by the following facts and figures, the Insolvency Service is somewhat busy working their way through lots of open cases related to BBL and other Covid-19 Financial Support Schemes skulduggery by Company Directors, Sole Traders, and other Individuals. […]

8 Year Ban Handed Out to Director Who Did Not Use His Funding Circle Recovery Loan (Replacement for the Bounce Back Loan Scheme) for the Benefit of His Business

May 31, 2023

If my memory serves me right, this is the first case I have seen that has resulted in someone getting a ban for misusing a Recovery Loan (that was the Government Back Loan Scheme that replaced the BBL Scheme). […]

For Getting a £45k Santander BBL By Claiming Her 2019 Business Turnover Was £185k Which Included Compensation Her Business Never Got, When Her Actual Turnover Was Just £1,846 Results in a Director Getting an 11 Year

May 31, 2023

The Director named is today, the 31st of May 2023, starting an 11-year ban for everything laid out. This is what the liquidator has said: […]

Having Over-Egged His Business Turnover to Get a Santander Bounce Back Loan of Over £45k More Than His Real Turnover Figure Was Entitled to, Another Company Director is Slapped with a 10 Year Ban

May 31, 2023

Another day, another Santander Bounce Back Loan turns sour. The Company Director named in this case is today starting a 10-year ban for the wrongdoing listed. […]

The Mother and Father of the Princess of Wales and Their Defaulted £220,000 CBILs

May 30, 2023

The Middleton family, including Carole and Michael Middleton, obtained a CBILs (Big Boy Bounce Back Loan) from NatWest, which was backed by British taxpayers, to support their business during the COVID-19 pandemic, according to The […]