The Disqualification Files Archives

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 […]

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”. […]

Liquidator Unable to Determine When a Company Started and Ceased Trading and Whether Turnover Was Correct or Over-Egged when Director Applied for a £48,750 BBL – Outcome Director Disqualified for 7 Years

July 21, 2021

The list of Company Directors being handed long disqualifications when winding up their companies is growing, and will no doubt continue to grow moving forward, much more so with the new Bill working its way through Parliament that aims to punish those winding up companies “dubiously” when there is a BBL involved. Here is another one I have come across which saw a Company Director being disqualified for 7 years. […]