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.

Over-Egging His Turnover to Secure a £50k Bounce Back Loan from Barclays Sees Yet Another Company Director Slapped with an 8 Year Ban After Taking the Insolvency Route

January 10, 2023

Here is one of the more modest disqualifications handed out for BBL wrongdoing, that being an 8 year ban. […]

Blagging a Bounce Back Loan for £50k from Starling Bank and Another for His Other Company for £50k from Santander by Over-Egging Their Turnover and Transferring the Money to Himself Leads to an 11 Year Disqualification

January 9, 2023

An 11 year ban is what this Company Director is now starting for his BBL wrongdoing. […]

Blagging Two Bounce Back Loans, One from Lloyds Bank and the Other From HSBC for His Single Company and Making Hefty Cash Withdrawals Leads to an 11 Year Disqualification

January 9, 2023

A total of £60,000 from two Bounce Back Loans has vanished with the Company Director named below being slapped with an 11 year ban for his wrongdoing. […]

Having Been Allowed to Estimate His Company’s Turnover to Get an HSBC BBL, a Company Director Is Slapped with an 11 Year Disqualification for Over-Estimating That Turnover

January 9, 2023

Here is a case of more Bounce Back Loan madness with a Company Director slapped with an 11 ban for over-estimating his estimated turnover along with not providing any proof of where the BBL was spent. […]

With No Accounting Records to Check, No One Knows Where a £30k Barclays Bounce Back Loan Went and as Such Another Company Director has been Given an 8 Year Disqualification

January 9, 2023

Here is another case of a Company Director not providing adequate accounting records at the liquidation of their Company, which ultimately led to him being slapped with an 8 year ban. […]