The Disqualification Files Archives

Over-Egging His Business Turnover by a Huge Percentage of the True Amount to Get a £50k NatWest BBL Results in a Company Director Getting a 9 Year Ban, If He Had Over-Egged it By Less Than 25% He Would Probably Have Got Off

April 12, 2023

As I have mentioned previously, if you are found to have over-egged your business turnover by less than 25% over and above the permitted 25% to get a BBL, the powers that be tend to overlook it. However, the Company Director in this case over-egged it by a much higher percentage so ends up with a 9 year ban. […]

With No Accounting Records Given to the Liquidator to Show How a Bounce Back Loan and Covid Support Grants Were Used, and Why He Approved Dormant Accounts When He Was Indeed Trading, a Company Director Gets Just a 6 Year Ban

April 12, 2023

Once again, this case proves not supplying accounting records to the Liquidator often results in a much shorter length of ban than would be doled out if BBL and other wrongdoing would have been proven by such records. The £50k HSBC BBL mentioned was not repaid. […]

For Transferring His Company’s Bounce Back Loan to a Connected Company to Buy Assets for That Company and Leaving the BBL Unpaid, a Director is Given a 6 Year Ban

April 11, 2023

There is no let-up regarding the number of Company Directors who have taken the Insolvency route and have found to be guilty of wrongdoing with a Bounce Back Loan, and as you will see from this case, the powers that be decided a 6 year ban was the suitable punishment for the named Directors’ wrongdoing. […]

10 Year Disqualification For Over-Egging His Business Turnover to Blag a BBL from Barclays and Using the Money to Benefit Himself and Not His Company

April 11, 2023

It really doesn’t take very long for a Liquidator to work out whether someone is guilty of wrongdoing when winding up a business, and if they do, as in this case, if it relates to a Bounce Back Loan, then a long disqualification for the Company Director is forthcoming. […]

Even After Repaying His Company’s Bounce Back Loan in Full After All Manner of Wrongdoing a Company Director is Still Given an 8 Year Ban

April 10, 2023

Even after repaying his Company’s BBL in full, after getting it when not eligible, the Company Director named below is now starting an 8 year ban, for the reasons outlined. […]