The Disqualification Files Archives

Bounce Back Loan and Job Retention Scheme Wrongdoing Results in a Company Director Getting a Hefty 12 Year Disqualification

September 16, 2022

A 12-year ban has just been handed to the Company Director below, who applied for and got a Bounce Back Loan when she had taken steps to place her Company into a CVL, and also getting over £60k to which her Company was not entitled to via the Job Retention Scheme. […]

Company Director Given an 11 Year Ban for Getting a £50k Bounce Back Loan from Barclays When Only Eligible for £12,950 and Another Also Given an 11 Year Ban for Getting a £45k NatWest BBL When Only Eligible for £4,428

September 15, 2022

Getting a Bounce Back Loan by over-egging their turnover, then spending most of it on themselves and not the business, and ultimately taking the insolvency route has resulted in the two Company Directors named below being given 11-year disqualifications, which they are now starting. […]

Falsely Stating His Business Turnover was £225,000 Results in Company Director Being Given a 10 Year Disqualification He Has Agreed to Repay It at £800 Per Month. The Liquidator Also Got £150 Compensation for Delays by HSBC in Providing the Information Requested!

September 14, 2022

After investigating every aspect of the application and spending of a Bounce Back Loan the Liquidator in the case below deemed the Company Director did misuse that BBL, and whilst it is now being repaid at £800 per month the Director also got a 10-year ban. […]

Lenient 5 Year Ban Handed Out to Company Director Who Used Around Two Thirds of His Company’s Barclays Bounce Back Loan for Personal Benefit and Left It Unpaid at Liquidation

September 14, 2022

It’s a good job they don’t lock up those who have been found to have done some form of wrongdoing relating to a Bounce Back Loan, or prisons would soon be full to overflowing. As it stands, the most someone has to worry about is a disqualification/ban, if they take the insolvency route, such as the Company Director named below who is just starting a 5 year ban for the BBL wrongdoing listed. […]

Director Slapped with an 11 Year Ban for Bagging Two BBLs and a CBILs for His One Single Company and Not Spending the Loans on the Businesses

September 14, 2022

Unbelievably the Company Director named below managed to bag two Bounce Back Loans, one from Barclays and one from NatWest and also blag a CBILs from Funding Circle, all for his one single business. He didn’t use those funds for the benefit of the business and is now starting an 11-year ban. […]