The Disqualification Files

In this section of the website you will discover over 2400 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.

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11 Year Disqualifications Handed Out to Company Directors for Blagging Two Bounce Back Loans One from Barclays and one from Paragon for Their One Single Company and For Not Declaring Their Business Was in Difficulty on the BBL Application Forms

May 31, 2022

The rules surrounding Bounce Back Loans were complicated for many people to get their heads around, and the British Business Bank, as you will see below, did make it clear on the 3rd of June 2020, that if you owned more than one eligible business you could apply for a BBL for each of them, that however is not what happened in today’s case which saw two Company Directors hit with an eleven year disqualification for bagging two BBLs for their one single Company. […]

The Disqualification Files

Company Director Hit with a 7 Year Disqualification for Failure to Maintain or Preserve Adequate Accounting Records Which Meant the Liquidator Was Unable to Verify If £23k in Job Retention Payments and £30k in Eat Out to Help Out Claims Were Legit Even After a Visit by HMRC’s Hidden Economy Team

May 31, 2022

This case involves claims put in to the Coronavirus Job Retention Scheme and the Eat Out to Help Out Scheme which could not be verified for the reasons outlined, and ultimately saw a Company Director hit with a 7-year disqualification. […]

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A 10 Year BRO Handed Out For Applying For and Getting a £50k BBL For a Business That Had Ceased Trading in 2019 and a 5 Year BRO Handed Out for Using a Chunk of a £42k BBL To Purchase Bitcoin Investments

May 27, 2022

A couple more cases of BBL wrongdoing have just come to light involving one chap who applied for and got a £50k BBL for a business that had ceased trading in 2019, and another chap who caused his bankruptcy by rash and hazardous speculation using Bitcoin investments. […]

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On the Day The Times Reveals Alleged Shady Goings on at Starling Bank with the Way They Processed BBL’s Another £50k Bounce Back Loan From That Bank Turns Sour With the Director Getting a 10 Year Ban

May 27, 2022

I see Lord Agnew is continuing to make waves with his seemingly loose tongue, as the story in todays The Times reveals, in which he apparently dishes the dirt on some utterly sordid shenanigans with the way that Starling Bank ran their Bounce Back Loan facility. I have asked them for a comment. Anyway here is another case which resulted in a 10-year disqualification involving a £50k BBL from that bank. […]