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.

As Santander Continue to Snoop Into Customer Accounts to Determine Any BBL Skulduggery, One of their Customers Has Just Been Hit with a 10 Year Ban for Turnover Over-Egging and Transferring His Company’s BBL To Himself

April 28, 2023

Out of all the major lenders, Santander are proving to be relentless when it comes to them going on the hunt for any customers that blagged a BBL from them, this Company Director did just that and in now starting a 10 year ban. […]

For Bagging a Bounce Back Loan from NatWest Three Times Higher Than the Amount He Was Eligible For By Over-Egging His Business Turnover a Director is Hit with a 6 Year Ban

April 28, 2023

This is one of the much more lenient Company Director Disqualifications of just 6 years, but then again all he did was over-egg his turnover and leave it unpaid. […]

Having Blagged a £50k BBL From NatWest By Estimating His Business Turnover Was £225,000 When It Was in Fact Just £30 and Therefore Not Eligible For a BBL, a Company Director is Slapped with an 11 Year Ban

April 28, 2023

The Secretary of State decided an 11 year ban was the suitable punishment for this Company Director blagging a BBL when his actual turnover figure meant he wasn’t eligible for one in the first place. […]

6 Year Disqualification for Director Who Left Liquidators Unsure Whether the Funds Obtained from a £25k BBL Were Used for the Benefit of His Company and Where the Money From a Toyota SG Cruiser Sold in Romania Went

April 28, 2023

This now missing Bounce Back Loan was approved and paid out by Lloyds Bank. […]

Lloyds Bank Claim on the Government Guarantee as Company Director is Given an 11 Year Ban For Over-Egging His Business Turnover to Bag a £50k Bounce Back Loan from them and Not Using it for the Benefit of the Business

April 27, 2023

Here are the finer details that led to the Company Director named being slapped with an 11 year ban for his skulduggery related to a £50k Lloyds Bank Bounce Back Loan. […]