The Disqualification Files

This section of the website looks in detail at everyone given a Director Ban or a Bankruptcy Restrictions Order for Bounce Back Loan related wrongdoing, along with full details of what each person did, and occasionally other wrongdoing that resulted in a defaulted BBL.

The Insolvency Service recently said: “We expect to see a reduction in Covid Scheme related outcomes during 25/26 as we work through the pool of Bounce Back Loan cases”.

They have also warned that a BBL must be repaid and if the money your company borrowed is not repaid; your company may be investigated by the Insolvency Service, even if it has been dissolved.

If we find there was misconduct in the use of the BBL, action may be taken against you and your company.

Types of misconduct can include, providing false information on loan application, the loan being used for personal benefit and/or dissolving your company to avoid repaying the loan

As a result of the misconduct your company could be wound up by the Court, you could be disqualified as a director, and a Court Order may be made for you to pay compensation.

Another Befuddled Case of a Director Over-Estimating Her Permitted Estimated Turnover as it’s Decided She Over-Estimated That Estimated Turnover by Too Much to Get an HSBC BBL and Is Slapped with a 10 Year

May 2, 2023

More Bounce Back Loan madness, and even though this Company Director was permitted to estimate her estimated turnover she is told she over-estimated it by too much! […]

Having Explained He Over-Egged His Turnover to Get a Santander BBL as He Thought His Business Would Achieve it in the Following Year, a Company Director Gets Slapped with a 10 Year Ban

May 2, 2023

This Santander BBL was left unpaid at Liquidation and as you will see, the Director tried to explain his action with reference to over-egging his turnover, which led to a 10 year ban. […]

Liquidator Decides Not to Pursue Recovery Action Against a Director Who Blagged a Barclays BBL and Used it For Personal Benefit as She Has No Tangible Assets, She is However Given an 11 Year Ban

May 1, 2023

Here are the details surrounding this case along with comments from the Liquidator. […]

Before the Loophole Was Closed This Company Director Managed to Blag a BBL, Transfer it to Herself Then Quickly Got Her Company Struck Off, She is Now Starting an 11 Year Ban

April 30, 2023

Here is an overview of how one Company Director took the biscuit before the powers that be started blocking Companies being dissolved when there is a BBL owing. […]

Secretary of State Agrees to a 10 Year Ban for a Company Director That Over-Egged His Turnover to Get a £40k Metro Bank Bounce Back Loan When Only Eligible for £8k

April 30, 2023

Another Bank Holiday weekend and another Company Director left wondering was it worth over-egging his turnover to blag a bigger BBL from Metro Bank that eligible for as he begins his 10 year ban for doing so. […]