The Disqualification Files
Year: 2025
The Disqualification Files
Olufemi Adekoya the Director of M4CUBE Limited Slapped with an 11 Year Ban for Over-Egging His Company Turnover to Blag a £49,625 Bounce Back Loan and Misusing the BBL Funds Which All Came to Light After HMRC Wound Up His Company
Read on to view a copy of the winding up order and for an overview of this case. […]
BBL Jailbirds
Cheeky So-and-So Mujeebullah Khan of St Margaret’s Avenue, Nottingham Locked up for 22 Months For Blagging a £50,000 Bounce Back Loan for the Chunky Chicken Shop on Shakespeare Street in the City Centre Which He Had Sold a Year BEFORE He Got the Loan
Khan, of St Margaret’s Avenue, Nottingham, was sentenced to 22 months in prison when he appeared at Nottingham Crown Court on Wednesday 17 December. […]
It's Happening
The Insolvency Service Boost Their Birmingham Office With Five New Team Members to Vet and Investigate Suspected Bounce Back Loan Blagging Directors of Both Live and Strike Off Blocked LTD Companies for Prosecution – Four to be Employed in their Criminal Targeting and Compliance Team and One within their Search and Return Team
As Tom Hayhoe, the Covid Corruption Commissioner, told me before his contract expired on December 2nd 2025, and as he reiterated in his Final Report, a solution will soon be in place to allow LTD companies with an unpaid BBL and a strike-off block to be dissolved if the director did nothing wrong. A team, based in the Insolvency Service’s Birmingham office, will help implement this and will be vetting/investigating/prosecuting directors guilty of fraudulently obtaining or misusing Bounce Back Loans. […]
BBL Guarantees Yanked
Take a Look at the Letter You Will Get If Your Bounce Back Loan Is One of the 14,063 BBL’s That Have Been Assigned From the Government Back to a Lender Due to the Lender Having Either Asked for the Guarantee to be Removed or the Government Yanks It From the Lender for Dodgy Goings-On and What the Lender Will Do to Get Their Money Back from You
What happens to such loans, well once the Guarantee has been removed, the Lender will then have to write to you with what is known as Notice of Assignment a copy of which is below, and will then be faced with either trying to chase you personally for the BBL debt still outstanding, in some instances very aggressively, or write the BBL off. […]