The Disqualification Files Archives

Six Year Disqualification for Company Director Who Paid Himself £30,000 from a £46,000 Bounce Back Loan That Provided No benefit to the Company, Creditors and Breached the Conditions of the BBL

August 24, 2021

Another Company Director has just been hit with a six year disqualification for what the Insolvency Service deem to be a breach of the conditions of a Bounce Back Loan. On 05 May 2020 Paul […]

Two Companies are Wound Up That Fraudulently Blagged Bounce Back Loans and Multiple Grants from Over a Dozen Local Councils

August 12, 2021

This story is enough to make many of you choke on your cornflakes this morning, much more so if you have been refused a local council business grant of any type or did not get […]

Businessman Applied for a £50,000 Bounce Back Loan By Over-Egging Turnover and Using Most of It for Personal Benefit and Not for the Benefit of His Business – Outcome 7 Year Disqualification

July 30, 2021

Over-egging turnover for a Bounce Back Loan then winding up the company is something the Insolvency Service are used to seeing, and here is the story of another businessman who did just that and ended up with a 7 year disqualification. […]

Businessman Ceased Trading but a Few Weeks Later Applied for a £11,250 Bounce Back Loan and as Such the Insolvency Service has hit him with a 5 Year Disqualification

July 30, 2021

The number of business owners who ceased trading but then went on to apply for a Bounce Back Loan and have been hit with a disqualification for doing so is on the rise, and here is another one which saw one businessman hit with a 5 year disqualification. […]

Businessman Over-Egged Turnover on His Car Business Allowing Him to Get a £50,000 Bounce Back Loan and Made Payments to Himself and Co-Director – Outcome 7 Year Disqualification

July 30, 2021

The Insolvency Service are still very busy currently, casting their eyes over any businesses that have been wound up with Bounce Back Loans still owing, and here is yet another Director that has been slapped with a 7 year disqualification for over-egging turnover and using a fair chunk of that loan for “personal benefit”. […]