June 2023 - Page 17 of 20 - Mr Bounce Back - Bounce Back Loan News - Updates

Having Claimed He Spent His Company’s Barclays Bounce Back Loan Paying Off a Personal Loan and Buying Himself a Car Director a Gets Slapped with a 9 Year Ban

June 5, 2023

The Company Director named in this case is today, the 5th of June 2023 starting a 9-year ban for not using his Company’s BBL for the benefit of his business and not being eligible for the BBL in the first place. […]

6 Year Ban For Not Using His Company’s HSBC Bounce Back Loan for the Benefit of His Business and Trading to the Detriment of HMRC

June 4, 2023

This is the story behind a £30k HSBC Bounce Back Loan and the resulting 6 year ban the Company Director named is now starting. […]

Having Not Supplied Any Accounting Records a Company Director Gets a 6 Year Ban With Questions Left Unanswered as to What His Company’s Bounce Back Loan Was Spent On

June 4, 2023

This case involves a £41k TSB Bounce Back Loan and resulted in a 6-year ban for the Company Director named. […]

A Very Modest 5 Year Disqualification Handed Out to a Company Director for Not Using Most of His Company’s Bounce Back Loan for the Benefit of His Business

June 4, 2023

If you do not prove the proceeds from a Bounce Back Loan were used for the benefit of the business that got one of those loans when taking the liquidation route then a ban is usually forthcoming. The Company Director in this case has just been given a 5-year ban for that very reason. […]

After Bagging a Bounce Back Loan From Santander and Transferring it to Herself and Not Providing Any Records at Liquidation to Prove the Funds Were Used for the Benefit of Her Business, a Director Gets Slapped with a 7 Year Ban

June 4, 2023

Not one of the longest bans I have seen, however for the BBL wrongdoing highlighted it was determined that a 7-year ban was suitable for the named Company Director. […]