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.

With No Accounting Records Supplied to the Liquidator Which Would or Wouldn’t Provide Prove a Starling Bank £50k Bounce Back Loan Was Legit, a 7 Year Disqualification is Handed Down to a Company Director

April 13, 2023

This is a case which involves a £50k Starling Bank Bounce Back Loan which has resulted in the Company Director being given a 7 year ban. […]

Having Blagged a NatWest Bounce Back Loan Around £30k Higher in Value than Eligible for by Over-Egging His Business Turnover and Leaving the BBL Unpaid a Company Director is Slapped with a 10 Year Ban

April 13, 2023

Another case of over-egging business turnover has been uncovered at the liquidation of a Company, and the Director named is now starting a 10 year ban for that wrongdoing. […]

Company Director Over-Egged His Business Turnover to Get a Bigger BBL Than Entitled to, Didn’t Spend It On the Benefit of His Business and Never Repaid It, So is Given an 11 Year Ban

April 13, 2023

Here is the story behind a £50k Lloyds Bank Bounce Back Loan that was not repaid, and for the listed wrongdoing the Company Director is now starting an 11 year ban. […]

Over-Egging His Business Turnover by a Huge Percentage of the True Amount to Get a £50k NatWest BBL Results in a Company Director Getting a 9 Year Ban, If He Had Over-Egged it By Less Than 25% He Would Probably Have Got Off

April 12, 2023

As I have mentioned previously, if you are found to have over-egged your business turnover by less than 25% over and above the permitted 25% to get a BBL, the powers that be tend to overlook it. However, the Company Director in this case over-egged it by a much higher percentage so ends up with a 9 year ban. […]

With No Accounting Records Given to the Liquidator to Show How a Bounce Back Loan and Covid Support Grants Were Used, and Why He Approved Dormant Accounts When He Was Indeed Trading, a Company Director Gets Just a 6 Year Ban

April 12, 2023

Once again, this case proves not supplying accounting records to the Liquidator often results in a much shorter length of ban than would be doled out if BBL and other wrongdoing would have been proven by such records. The £50k HSBC BBL mentioned was not repaid. […]