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.

Premium Content

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 […]

Premium Content

Company Director Blags a BBL From Barclays Bank and Another From Starling Bank For the Same Business and Uses the Funds for Personal Benefit and Gets Slapped with a 6 Year Disqualification

January 11, 2022

The rules of the Bounce Back Loan scheme permitted business owners to get a BBL for as many eligible businesses that they owned, and plenty of people did get several BBLs for their separate businesses, one for each. Today’s case however is about a Company Director who got two BBLs for one single business and ended up with a 6-year disqualification. […]

Premium Content

A Corporation Tax Return, an Application to Register for VAT, Bank Statements and a VAT Return are Used to Prove Three Company Directors Over-Egged the Turnover of Their Business to Obtain a £50k Starling Bank Bounce Back Loan – All Given 7 Year Disqualifications

January 10, 2022

Here is another case regarding over-egged turnover being used to apply for a Bounce Back Loan, this one involves a BBL from Starling Bank, which resulted in three Directors of a private hire taxi business each getting 7 year disqualifications […]

Premium Content

Massively Over-Egging His Business Turnover and Using a Bounce Back Loan for Personal Benefit Resulted in a Company Director Receiving a 7 Year Disqualification

January 5, 2022

The two most common reasons why a Company Director will end up with a lengthy disqualification when winding up their business with a Bounce Back Loan owing are using that loan for personal benefit and over-egging the turnover of the business to get the loan in the first place. Both of which it appears the Director in this case was guilty of doing […]

close a limited company
Premium Content

Another Quite Lenient 4 Year Disqualification Handed Out for Using a Barclays Bank Bounce Back Loan for the Benefit of the Directors of a Business Instead of the Benefit of the Business Which By The Way Was Insolvent

January 5, 2022

Here is a case that resulted in a Company Director getting just a 4 year disqualification for applying for a Bounce Back Loan when his business was insolvent, and also using the BBL funds for the benefit of the Directors of that business instead of the intended purpose, that being for the benefit of the business. […]

Premium Content

Insolvency Service Slaps a Company Director with a 9 Year Disqualification for Applying for and Getting a Bounce Back Loan When His Business Seemingly Was NOT Adversely Affected During the Pandemic

January 5, 2022

Having seen plenty of Insolvency cases that ended up with a Company Director being hit with a disqualification for wrongdoing associated with a Bounce Back Loan, today’s case is unusual in as much as it is the first time I have seen a disqualification handed out to a Director applying for and getting a BBL when his business was NOT adversely affected during the pandemic. […]

Premium Content

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. […]

Premium Content

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. […]