In this section of the website you will discover over 2840 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.
Having Arrived at a Turnover Figure Based on Verbal Agreements and Estimated Future Work When Not Permitted to Do So to Secure a Lloyds Bank BBL a Director is Given a 9 Year Disqualification
This is a typical tale of what happens if you take the liquidation route having made up a turnover figure when you applied for a BBL and transferred the money out of the business bank account and didn’t use it for the benefit of the business. […]