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.

Having Already Blagged One Bounce Back Loan and Been Given a 5 Year BRO It Turns Out This BBL Abuser Blagged a Second and Third BBL and Has Now Been Handed a 10 Year Disqualification

November 9, 2022

It was back in April that I reported on the individual named below who at the time had been found to have blagged his turnover to get a Bounce Back Loan and was given a 5 year BRO, however here we are many months later and it turns out he has done it again. […]

7 Year Disqualification for Using £40k of His Company’s £50k Bounce Back Loan for Personal Benefit and Breaching the Companies Act of 2006

November 9, 2022

Having not only breached the Companies Act of 2006 the Company Director named in this case also used most of his Company’s Bounce Back Loan for personal benefit but was only given a modest 7 year ban. […]

6 Year Ban Is Handed Out to a Company Director Who Used £49k of His Company’s Bounce Back Loan for Personal Benefit, That Being Paying Off His Directors Loan

November 9, 2022

Another day and another case of Bounce Back Loan wrongdoing has been uncovered, and the Company Director named below has been slapped with a 6 year ban for […]

Having Made False Representations About Her Business Turnover to Get a Lloyds Bank BBL, Not Using the Funds for the Benefit of Her Business and Blagging the Job Retention Scheme Out of Over £3k a Director is Given an 11 Year Ban

November 8, 2022

The Company Director named in this case must have known that getting a £50k BBL from Lloyds Bank then getting money from the Job Retention Scheme was wrong, much more so when you see her Company stopped trading in 2019. […]

Having Not Supplied Accounting Records to the Liquidator No One Knows What Happened to the Bounce Back Loan Associated with a Roofing Company, So the Director is Given a Modest 7 Year Ban

November 7, 2022

As you will see below, this is another case which resulted in a lower length of ban being given out for not supplying his accounting records compared to the ban the Company Director would have got if he had been found to have committed wrongdoing with a Bounce Back Loan by supplying those records, he ended up with a 7 year ban. […]