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Company Director Gets a 9 Year Disqualification for Failing To Deliver to the Liquidator a Set of Prepared Accounts to Allow Him to Ascertain if Funds From a £45k NatWest Bounce Back Loan Were Legitimately Used

January 20, 2022

All manner of tricks are being used to try and befuddle or at least frustrate the Liquidator from doing his or her job when it comes to winding up a business with a Bounce Back Loan owing, and today’s case saw one […]

Starling Bank Refuse to Recognise the Arguments of Frustration and Common Mistake to Offset from a Bounce Back Loan Losses Caused by the Pandemic

January 19, 2022

A quick news update, here is the initial response from Starling Bank to one of their customers who is challenging the legality of their Bounce Back Loan under the arguments of frustration and common mistake: […]

Financial Ombudsman Service Tell Me Arrogantly Their Staff “Are Aware of the Rules” Then in Typical Idiot Fashion Make a Shocking Error That Could According to the British Business Bank Could Cost a Business Dear

January 19, 2022

I put up a story the other day regarding a Financial Ombudsman Service decision in which it was stated that a business owner couldn’t prove their turnover for a BBL and […]

Ombudsman Decides a Company Director Did Transfer BBL Funds From His HSBC Bank Account Rather Than Him Being Victim of a Scam

January 18, 2022

I have a rather unusual case that the Financial Ombudsman Service have given a ruling on today, that being a Company Director claiming he was the victim of a bank scam in which Bounce Back Loan funds were transferred out of his account. […]

NatWest Snatch Back Two Bounce Back Loans from an SME – Ombudsman Says That The Bank Was Entitled to Do So But Makes a Glaring Error in Their Ruling

January 17, 2022

Having had two Bounce Back Loans snatched back by NatWest, a Company Director sent in a complaint to the Ombudsman which initially was not upheld by the caseworker tasked with ruling on the case. He then appeals that decision and Hayley the Ombudsman then reviews it and says the initial ruling stands. However, as you can see in the ruling, Hayley does make a glaring mistake […]

A Series Of Errors Results in an SME Receiving a Bounce Back Loan Months After They Applied – Ombudsman Decides HSBC Is Fair In Offering Just £150 For The Delay and Errors

January 16, 2022

Here is another Bounce Back Loan related case that ended up on the desk of Ben the Ombudsman regarding HSBC. I now also have it in writing (even though I have proven it before) that when […]

Starling Bank Sure Do Have a Lot of Bounce Back Loans Turning Sour – Here Is Yet Another £50k BBL That Has Been Defaulted On Resulting in a 6 Year Disqualification for a Company Director

January 14, 2022

Having obtained a £40k Bounce Back Loan from Starling Bank then a few months later topping it up to £50k, and then taking the insolvency route but not explaining where the funds for that loan went after transferring them to his personal account, the Company Director in today’s case has just […]

What Happens If You Miss a Bounce Back Loan Repayment? Let’s Look at the Email that Starling Bank Send Out

January 13, 2022

As lenders have agreed to a set of “standards” when it comes to chasing those with a Bounce Back Loan and who are in arrears or even default, today I will reveal the standard email that Starling Bank send out as soon as a BBL repayment has been missed. This is one of many I have been sent from SMEs who sadly […]

A 6 Year Disqualification for Company Director Who Took Out a £50k Santander Bounce Back Loan When He Should Have Know His Business Was Insolvent and Used the Loan for Personal Benefit

January 12, 2022

As the number of businesses going bust continues to rise, so too does the number of Company Directors hit with a long disqualification when they have declared their business insolvent and have been found to have committed some form of wrongdoing with a Bounce Back Loan. Here is yet another case of a Santander Bank BBL being used for […]

Using Over £20k of a £30k Barclays Bank Bounce Back Loan for Personal Benefit and Not the Economic Benefit of His Business Lands Company Director with a 6 Year Disqualification