The Disqualification Files Archives

Using Over £20k of a £30k Barclays Bank Bounce Back Loan for Personal Benefit and Not the Economic Benefit of His Business Lands Company Director with a 6 Year Disqualification

January 12, 2022

If you wind up your company with a Bounce Back Loan still owing, and you committed some form of wrongdoing with that loan, then you can expect a long disqualification, which this case involving a Barclays Bank BBL will […]

Company Director Blags a BBL From Barclays Bank and Another From Starling Bank For the Same Business and Uses the Funds for Personal Benefit and Gets Slapped with a 6 Year Disqualification

January 11, 2022

The rules of the Bounce Back Loan scheme permitted business owners to get a BBL for as many eligible businesses that they owned, and plenty of people did get several BBLs for their separate businesses, one for each. Today’s case however is about a Company Director who got two BBLs for one single business and ended up with a 6-year disqualification. […]

A Corporation Tax Return, an Application to Register for VAT, Bank Statements and a VAT Return are Used to Prove Three Company Directors Over-Egged the Turnover of Their Business to Obtain a £50k Starling Bank Bounce Back Loan – All Given 7 Year Disqualifications

January 10, 2022

Here is another case regarding over-egged turnover being used to apply for a Bounce Back Loan, this one involves a BBL from Starling Bank, which resulted in three Directors of a private hire taxi business each getting 7 year disqualifications […]

Massively Over-Egging His Business Turnover and Using a Bounce Back Loan for Personal Benefit Resulted in a Company Director Receiving a 7 Year Disqualification

January 5, 2022

The two most common reasons why a Company Director will end up with a lengthy disqualification when winding up their business with a Bounce Back Loan owing are using that loan for personal benefit and over-egging the turnover of the business to get the loan in the first place. Both of which it appears the Director in this case was guilty of doing […]

Another Quite Lenient 4 Year Disqualification Handed Out for Using a Barclays Bank Bounce Back Loan for the Benefit of the Directors of a Business Instead of the Benefit of the Business Which By The Way Was Insolvent

January 5, 2022

Here is a case that resulted in a Company Director getting just a 4 year disqualification for applying for a Bounce Back Loan when his business was insolvent, and also using the BBL funds for the benefit of the Directors of that business instead of the intended purpose, that being for the benefit of the business. […]