The Disqualification Files

In this section of the website you will discover over 2150 defaulted Bounce Back Loans, along with the Company and Directors / Sole Traders names, all of whom received some form of punishment (also revealed) as it was found each of them had abused the BBL scheme in one way or another. Grab a coffee, but please do not choke on it, as you read them, for some of the BBL associated skulduggery is quite shocking.

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A Rather Lenient 5 Year Disqualification Handed Out to a Company Director Who Was Unable to Prove a Bounce Back Loan He Wasn’t Entitled To Was Used For the Benefit of the Business

January 4, 2022

There is currently no rhyme or reason to the disqualification lengths the Insolvency Service are dishing out for identical cases of BBL wrongdoing. This case involves a Company Director applying for, getting, and then using a Bounce Back Loan when he was not entitled to one and him being unable to prove that loan was used for the economic benefit of the business. […]

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Yet Another Santander £50k Bounce Back Loan Now Heading for the Government Guarantee as Another Company Director is Hit With a 6 Year Disqualification for Failing to Provide and Maintain and/or Preserve Adequate Account Records

January 3, 2022

Most banks are now well versed with the procedure for calling upon the Government Guarantee for a Bounce Back Loan when a LTD Company Director has taken the Insolvency route, as plenty of BBL’s have turned sour. Today’s case involves a £50k Santander BBL and a 6 year disqualification handed out by the Insolvency Service. […]

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Lloyds Bank Wave Goodbye to Another £50k Bounce Back Loan with a Company Director Getting a 6 Year Disqualification for Not Using Those BBL Funds For the Economic Benefit of the Business

December 30, 2021

The New Year is fast approaching, and sadly one thing that we can be guaranteed of in these uncertain times is an increase in the number of Bounce Back Loans that turn sour. Here is another case of a £50k BBL, this time a Lloyds Bank one that will be sent over to the Government and in turn us to pay back. […]

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5 Year Disqualification for Failing to Maintain and/or Preserve Adequate Accounting Records Which Meant Insolvency Service Unable to Work Out if a Local Council Covid Business Grant Was Used as a Legitimate Trading Expense

December 27, 2021

Today’s case of a Company Director getting a 5-year disqualification when winding up his business, involves a Local Council Covid Business Grant which is the first time I have seen one listed as part of the reason for that long disqualification. […]

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