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 Accounts Delivered for 2019 a Liquidator Goes Trawling Through Bank Records to Prove Two Co-Directors Abused the BBL Scheme By Over-Egging Their Turnover, Both Have Just Been Given Matching 9 Year Bans

April 17, 2023

This case is regarding a Barclays Bounce Back Loan that was secured by the over-egging of business turnover. […]

Having Exceeded the “Permitted Over-Egging Amount” for Their Business Turnover to Get a Barclays Bounce Back Loan Two Co-Directors are Slapped with a 9 and 10 Year Ban

April 16, 2023

A 9 year and 10 year disqualification are what the Co-Directors named in this case are now starting, as they over-egged their turnover by more than the “permitted over-egged percentage amount”. […]

As it Was Not Possible to Verify if a Bounce Back Loan Was Used for Her Company and Verify the True Liability to HMRC, a Company Director Gets a 7 Year Ban

April 16, 2023

Here is yet another case of failing to supply accounting records to the liquidator which has resulted in the Director named being given a 7 year disqualification. […]

Metro Bank Put in Another Guarantee Claim as a Company Director is Given a 6 Year Ban for Using Her Company’s Bounce Back Loan for Personal Benefit

April 16, 2023

As you will see when reading this case, the Director received just a 6 year ban for spending her Company’s Bounce Back Loan on herself and not the business. […]

For Using an Estimated Turnover Figure When Applying for His Company’s Metro Bank BBL When Required to Use the Actual Turnover Figure, and Not Repaying the BBL a Company Director is Now Starting a 10 Year Ban

April 15, 2023

As you will see, the Company Director named in this case was not allowed to estimate his business turnover for a Bounce Back Loan but did, and his estimate was way higher than the actual turnover. For that wrongdoing he has just been given a 10 year ban. […]

The Disqualification Files

With No Accounts Delivered for 2019 a Liquidator Goes Trawling Through Bank Records to Prove Two Co-Directors Abused the BBL Scheme By Over-Egging Their Turnover, Both Have Just Been Given Matching 9 Year Bans

Having Exceeded the “Permitted Over-Egging Amount” for Their Business Turnover to Get a Barclays Bounce Back Loan Two Co-Directors are Slapped with a 9 and 10 Year Ban

As it Was Not Possible to Verify if a Bounce Back Loan Was Used for Her Company and Verify the True Liability to HMRC, a Company Director Gets a 7 Year Ban

Metro Bank Put in Another Guarantee Claim as a Company Director is Given a 6 Year Ban for Using Her Company’s Bounce Back Loan for Personal Benefit

For Using an Estimated Turnover Figure When Applying for His Company’s Metro Bank BBL When Required to Use the Actual Turnover Figure, and Not Repaying the BBL a Company Director is Now Starting a 10 Year Ban

As We Wait for the Strike Off/Dissolution Unblocking Mechanism for LTD Companies with an Unpaid BBL to be Put in Place, Here is an Insight into the Options, Problems, Risks and Possible Solutions Currently Being Discussed and Evaluated by the Powers that be

What to do if Your Bounce Back Loan Mischief, Skulduggery or Even a Simple Mistake When Applying for it Comes Back to Haunt You in 2026 – Plus Dates and Schedules for BBL Enforcement Action and Write-Offs Coming This Year

Here is a Copy of the Letter the Public Sector Fraud Authority Have Sent Out to The Initial Batch of Suspected Bounce Back Loan Blaggers – Check to See What They Offer You and/or the Threats They Use and the Timeline You Have