The Disqualification Files

This section of the website looks in detail at everyone given a Director Ban or a Bankruptcy Restrictions Order for Bounce Back Loan related wrongdoing, along with full details of what each person did, and occasionally other wrongdoing that resulted in a defaulted BBL.

The Insolvency Service recently said: “We expect to see a reduction in Covid Scheme related outcomes during 25/26 as we work through the pool of Bounce Back Loan cases”.

They have also warned that a BBL must be repaid and if the money your company borrowed is not repaid; your company may be investigated by the Insolvency Service, even if it has been dissolved.

If we find there was misconduct in the use of the BBL, action may be taken against you and your company.

Types of misconduct can include, providing false information on loan application, the loan being used for personal benefit and/or dissolving your company to avoid repaying the loan

As a result of the misconduct your company could be wound up by the Court, you could be disqualified as a director, and a Court Order may be made for you to pay compensation.

Claiming His Business Turnover was £100k to Blag a £25k Bounce Back Loan from Santander When the T/O was Just £39,082 Sees a Company Director Hit with a 10 Year Ban – Liquidator Confirms No Further Action to Recover Funds as the Bank and “BBL Bounty Hunters” are Unwilling to Fund It

October 2, 2023

Here is a deep dive into the background of this case, including what the Liquidator has said. Both the Bank and two Litigation Funders, who I call BBL Bounty Hunters are unwilling to fund recovery of funds owed. […]

Having Blagged HSBC Out of a £50k BBL for Her Company That Wasn’t Eligible Due to It Not Trading and with £0 Turnover, and Using It For Personal Benefit, a Company Director Is Given an 11 Year Ban, Liquidator States They Will Not Pursue Further Action for Those Funds Due to Her Having No Assets

October 2, 2023

Here is an overview of the background story into this wayward £50,000 HSBC Bounce Back Loan. […]

Margate Based Individual Slapped with an 11 Year Bankruptcy Restrictions Order for Blagging a £30k Bounce Back Loan He Wasn’t Entitled to of Which He Gambled Away £14,063 and Spent £15,500 Repaying Loans to Friends and Family Members

October 1, 2023

Here is another case of misuse of a Bounce Back Loan that resulted in an 11 year Bankruptcy Restrictions Order. […]

Co. Down, N Ireland Based Company Director Slapped with an 11 Year Ban for Blagging a £50,000 Bounce Back Loan From Barclays Bank For His Business That Wasn’t Trading with £0 Turnover and Transferring the Money to Himself

September 30, 2023

Here is a case from Northern Ireland involving a £50k Barclays Bounce Back Loan […]

Having Blagged a £50,000 Bounce Back Loan from Santander by Over-Egging His Turnover, a Company Director is Given a 9 Year Ban and the Liquidators’ Solicitor Secures in Court an Interim Charging Order of £179,276.44 Against His Property

September 29, 2023

Here is the tale of another Santander Bounce Back Loan that was not repaid but may soon be thanks to the Interim Charging Order the Liquidators Solicitor has secured in Court. […]