The Disqualification Files Archives

Joint Directors Both Slapped with Extremely Lenient 4 Year Disqualifications for Not Using Their Company’s Bounce Back Loan from Metro Bank for the Benefit of that Business

March 16, 2023

This case, which has resulted in the Joint Directors named getting a 4 year ban each which both start today, revolves a £50k Metro Bank Bounce Back Loan that was not used for the benefit of the business that acquired it. […]

Blagging a £50k Bounce Back Loan Shortly After Signing a Striking off Application to Get His Business Dissolved and Not Telling the Bank Leads to a 6 Year Ban

March 15, 2023

Here is the story behind a £50k Bounce Back Loan that turned sour, in fact it shouldn’t have been paid out in the first place. The actions of the Director named however in blagging that loan has led to him being given a 6 year ban. […]

Using Funds from His Company’s Bounce Back Loan for Personal Benefit and Not Supplying any Accounting Records to the Liquidator Leads to a 7 Year Disqualification

March 15, 2023

All things considered the Company Director named in the following case got off somewhat light with just a 7 year ban for the listed wrongdoing with a Bounce Back Loan. […]

Taking the Insolvency Route Led to a Liquidator Uncovering an Over-Egged Turnover Regarding a Metro Bank Bounce Back Loan Application, Which Has Resulted in a 10 Year Ban for a Company Director

March 15, 2023

When you take the Insolvency route with a Company, the Insolvency Practitioner is tasked with going over the affairs of the business and will always take a close hard look at any Bounce Back Loan the Company had, and will report any shenanigans, which is what happened in the following case. […]

Bagging Two Huge Coronavirus Business Interruption Loans for His One Single Business Using False Bank Statements Leads to a 12 Year Disqualification

March 14, 2023

Despite banks having to take some of the risks associated with Coronavirus Business Interruption Loans, as opposed to the Government guaranteeing 100% of the value of Bounce Back Loans, the chap named in this case managed to bag two huge CBILs by using false bank statements and is now starting a 12 year ban. […]