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.

The Disqualification Files

Capital on Tap Issued BBL Goes Sour with Company Director Hit with a 5 Year 6 Months Disqualification for Using His Bounce Back Loan Funds for Personal Benefit

October 22, 2021

Even though Capital on Tap decided that they would only offer Bounce Back Loans to their own customers, that hasn’t led to them being immune from those BBLs going sour, and here is an overview of one Company Director that has been hit with a 5 and a half year disqualification for among other things, using his BBL for personal benefit.   […]

The Disqualification Files

Two Directors Hit with 6 and 7 Year Disqualifications for Failing to Satisfy the Insolvency Service That Their Santander and Barclays BBLs and Were Used for the Benefit of their Businesses After Winding Up Those Companies

October 20, 2021

The total number of Bounce Back Loans I have been tracking that have gone sour now stands at 48 with a combined total £1,707,914, as two more Directors have just been hit with 6 and 7 years disqualifications for not satisfying the Insolvency Service that their BBLs were used for the benefit of the business, here is an overview of those […]

The Disqualification Files

Using Funds from a Bounce Back Loan for Crypto Trading Lands Sole Trader with a Six Year Bankruptcy Restrictions Order

October 16, 2021

One recurring explanation given for hitting LTD Company Directors with a long disqualification or a Sole Trader with a  long Bankruptcy Restrictions Order when they wind up their business and a Bounce Back Loan was secured for that business is that the loan was “not used to provide economic benefit to the business”. It is true to say that currently the majority of businesses that are being wound up that have a BBL […]

The Disqualification Files

Three Company Directors Hit With 6 Year Disqualifications When Winding Up Their Companies for Using Funds From 2 Santander BBLs Worth £23k and £29k and a Lloyds Bank BBL Worth £25k For Personal Benefit

October 13, 2021

Energy guzzling businesses are now being promised some form of Government backed loan to help them survive over the Winter, whether any additional help for SMEs will be forthcoming regarding BBLs or even a new loan scheme, we should know on the 27th of this month, but don’t hold your breath. Today I bring you news of three more LTD Company Directors all hit with a 6 year disqualifications for using funds from their BBLs for personal benefit.   […]

The Disqualification Files

Company Director Gets a 9 Year Disqualification Upon Winding Up Business for Obtaining a Starling Bank BBL Worth £25k and a £25k Top Up When It is Revealed His Turnover for 2019 Was Zero and He Used BBL Funds for Personal Benefit

October 12, 2021

It will be later this month on the 27th of October that Rishi Sunak will give his Autumn Budget and it will be then we will know if any changes to the BBL scheme will be made, just in time to help those who took the6 month repayment holiday PAYG BBL option. Today I bring you the story of another Company Director hit with a 9 year disqualification related to a Bounce Back Loan. […]