Month: September 2023

BBL Wrongdoing

Company Liquidation With a Bounce Back Loan Owing – Examples of Directors Found to Have Abused the BBL Scheme and Punished for “Turnover Misstatement” As Predicated By The British Business Bank On Their Top 10 Fraud Risks Analysis and Those Facing No Further Action

September 18, 2023

The British Business Bank, having expressed their concern of the fraud risks associated with launching the Bounce Back Loan scheme in their Reservation Notice to Ministers days before the scheme went live, were of course […]

The Disqualification Files

Company Director Gets 2 BBLs for His Company from Starling and Santander, One in May 2020, and the Other in August 2020, Which Should Have Been Impossible If The Second Lender Had Checked the BBL Database – He is Given an 11 Year Ban

September 15, 2023

There was a BBL database in place weeks after the  launch of the BBL scheme, which lenders had to check before paying out any BBLs they had approved to ensure the business applying hadn’t already received a BBL from […]

The Disqualification Files

Successfully Getting His Company Dissolved with a Bounce Back Loan Owing and Not Telling the Bank He Was Taking That Route Leads to an 11 Year Ban and Possibly a Jail Sentence, the Latter Yet to Be Decided

September 14, 2023

Here is another Company Director slapped with a long ban for dissolving his Company with a BBL left owing, as he didn’t tell the bank he was taking that route there is a very good chance he may now end up in court and even jail for breaching Section 1006 of the Companies Act 2006, as the […]