The Disqualification Files Archives

Director Given a 9 Year Disqualification for Getting a £50k Barclays Bounce Back Loan and Leaving it Unpaid at Liquidation By Claiming His Business Turnover Was £200,000 When It Was In Fact £26,200

November 2, 2022

It is the Insolvency Practitioner who will forensically look into the accounts of a Company when it is taking the Insolvency route and will be required to alert the Insolvency Service if any wrongdoing is uncovered. The Director named below is now starting a 9 year ban for the wrongdoing outlined below. […]

A Rather Short 6 Year 6 Month Disqualification Given to Director Who Massively Over-Egged His Turnover to Blag a £50k Lloyds Bank Bounce Back Loan and Didn’t Pay it Back and Liquidated the Company

November 1, 2022

As you will see, it didn’t take long for the powers that be to work out the Director named in this case over-egged his turnover, however he has just been hit with a rather short ban, that being just 6 years and 6 months. […]

Months After Ceasing Trading After a Visit From HMRC Director Blags a £50k Bounce Back Loan His Business Was Obviously Not Entitled To and is Slapped with an 11 Year Ban

October 31, 2022

Another story of someone blagging a Bounce Back Loan when not eligible for it, this case as you will see involves a £50k BBL and the Director named is now starting an 11 year ban. […]

10 Year Disqualification for Blagging a Barclays Bounce Back Loan Then a BBL Top-up When Not Eligible and Transferring the Money to Himself and Leaving it Unpaid at Liquidation

October 31, 2022

The number of people who over-egged their turnover to get a Bounce Back Loan is huge, and this case shows what happens when you did just that, and also blagged a BBL top-up and spent the money on yourself and not the business then take the insolvency route. That being a […]

The High Court Shuts Down a Business After Learning Its Director Tried to Unsuccessfully Blag a CBILS But Then Got a £40k Bounce Back Loan and Four Payments worth £20k from the Job Retention Scheme When Not Eligible for the CBILS, BBL or JRS Grants

October 30, 2022

As we are waking up to the news that Liz Truss’s phone had been hacked by Russia, another story that will make you choke on your coffee is this one, which shows just how easy it was for ne’er do wells to blag the BBL scheme and the Job Retention Scheme too. […]