Month: September 2023

The Disqualification Files

Slough Based Company Director Given an 11 Year Ban for Bagging a Bounce Back Loan By Claiming His Business Turnover was £197,000 When It Was Zero, Transferring the Money Away and Dissolving the Company – Is It In the Public Interest to Take Him to Court?

September 28, 2023

Only time will tell whether the powers that be make the decision to take the Director named in this case to court for breaching Section 1006 Companies Act 1986, which by the way, has seen plenty of other BBL abusers being locked up for. […]

The Disqualification Files

Building Company Takes Horse Breeding Company to the High Court to Get It Wound Up for Money Owed, It Then Comes to Light the Director of the Latter Over-Egged Her Turnover to Get a Bounce Back Loan Resulting in a 10 Year Ban

September 27, 2023

It is not just Bounce Back Loan Lenders that are taking court action to get Companies would up, other Companies owed money are doing so too, and when they succeed, as laid out in the following case, any wrongdoing with a Bounce Back Loan also gets uncovered and a punishment handed out. […]

The Disqualification Files

Company Director States He Thought The Turnover Figure Needed for a BBL Was a 5 Year Turnover Figure Which He Used to Get a £48k Santander BBL, Not the 2019 Calendar Year Turnover Figure, He Gets Slapped With an 11 Year Ban

September 26, 2023

Not seen the excuse for over-egging of business turnover to get a Bounce Back Loan like the one used in the following case used by anyone else before, which resulted in the Director named getting an 11 year ban for over-egging his turnover […]