Todays News
Month: May 2023
The Disqualification Files
Barclays Customer Over-Eggs Turnover to Get a Bounce Back Loan and Tells the Liquidator All Company Records Showing Where the Business Funds Went Were Binned, So He Ends Up with an 11 Year Ban
Here is the sorry tale of a Barclays Bounce Back Loan. […]
The Disqualification Files
For Transferring Funds from a Bounce Back Loan to Himself, Instead of Using it for the Benefit of the Business a Company Director Gets Slapped with a 5 Year Disqualification
Here is the backstory that led to the Company Director named being given a somewhat lenient 5 year ban. […]
The Disqualification Files
Having Used Over 80% of His Company’s Bounce Back Loan for Personal Benefit and Dissolving His Company a Director is Now Starting a 7 Year Ban and is Now on the Radar for Possible Court Action
With the new law now in place to round-up business owners who managed to dissolve their companies to get out of repaying their BBL’s before that law was passed, there is every chance the Company Director named in this case will be on the radar of the powers that be. “The Business Secretary will also be able to apply to the court for an order […]
The Disqualification Files
Co-Directors Given 7 Year Bans For Not Providing Any Company Accounting Records Leaving the Liquidator Scratching His Head as to Whether the Business Was Eligible for the BBL They Got and Where it Went
This case involves a £30k Bounce Back Loan, both Directors are now starting 7 year bans. […]