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.

As a Company Director Failed to Hand Over Accounting Records to the Liquidator It Was Not Possible to Work Out His Company’s Affairs, Including Where That Company’s £50,000 Barclays Bounce Back Loan Went, So He Is Given a 6 Year Ban

September 26, 2023

A six year ban does seem to be the average punishment handed out when a Director fails to hand over their Companies accounting records to a Liquidator, as here is another case involving such. […]

Company Director States He Thought The Turnover Figure Needed for a BBL Was a 5 Year Turnover Figure Which He Used to Get a £48k Santander BBL, Not the 2019 Calendar Year Turnover Figure, He Gets Slapped With an 11 Year Ban

September 26, 2023

Not seen the excuse for over-egging of business turnover to get a Bounce Back Loan like the one used in the following case used by anyone else before, which resulted in the Director named getting an 11 year ban for over-egging his turnover […]

Company Director Given a 7 Year Ban Which Starts Today, for Using Funds From Her Restaurants’ Bounce Back Loan for Personal Use, But Could Be About to Face Some Jail Time for Breaching the Companies Act 2006

September 22, 2023

As you will see in the following case, in which the Director named is today stating a 7 year ban for BBL abuse, she could also be dragged before a court and jailed for breaching the Companies Act 2006 […]

Company Director Whose Last Known Address Was In Taiwan Gets a 6 Year Ban for Using Funds from a £50,000 NatWest Bounce Back Loan for Personal Use – NatWest Manage to Snatch Back Just £5 and 5p

September 22, 2023

The last known address for the Company Director named in this case, who is today starting a 6 year ban for using funds from his Company Bounce Back Loan for personal use was […]

Director of Two “Uber” Private Hire Businesses That Were Not Trading and Had Submitted Dormant Accounts Slapped with an 11 Year Ban for Blagging a £50k BBL From Starling a Bank and a £50k HSBC BBL, Both of Which Were Not Repaid

September 21, 2023

Here is the background story of two Bounce Back Loans that were not repaid, and you the taxpayer will end up repaying. The Director named has just been […]