The Disqualification Files Archives

With No Accounts Supplied by a Company Director to Explain Whether His Business Was Eligible for a £50k Starling Bank Bounce Back Loan and Where Those Funds Went, He is Given an 8 Year Disqualification at Liquidation

August 23, 2022

Plenty of question were left unanswered by the Company Director in today’s case, but he is now starting an 8-year disqualification for the reasons outlined below. […]

HSBC £35.5k Bounce Back Loan Used for the Personal Benefit of a Company Director Resulting in Him Getting a 5 Year Disqualification

August 23, 2022

Surely it must have dawned on some of the never-ending stream of Company Directors that used Bounce Back Loans for personal benefit and left them owing at the liquidation of their businesses, that questions would be asked. Here is another case which saw one such Director being given a lenient looking 5-year disqualification for the BBL related wrongdoing highlighted. […]

Using a Santander Bounce Back Loan to Boost Her Pension Pot and Leaving the BBL Owing at Liquidation of Her Company, Results in a 5 Year Disqualification

August 22, 2022

I don’t think Rishi intended people to bag a Bounce Back Loan and use it to boost their pension pot, which the business owner in today’s case did, the upshot being she is now starting a 5 year disqualification. […]

Leaving His Business with Assets Worth £0.01 After Using an £18k Bounce Back Loan from Lloyds Bank For Personal Benefit, Including Buying a Motorbike, Sees Company Director Hit with a 5 Year Disqualification

August 22, 2022

We all know some Bounce Back Loans were used to buy all manner of things for the personal benefit of business owners, and the one in todays case bought a motorbike and made cash withdrawals leaving his business’ BBL owing at liquidation and is now starting a 5 Year disqualification. […]

11 Year Disqualifications Given to Co-Directors Who Applied for and Got Two £50k Bounce Back Loans for Their One LTD Company and Used Them For “Salaries and Dividends”

August 22, 2022

Why have just one Bounce Back Loan when you can blag two, must have been the mindset of the Co-Directors named in todays case, ultimately though for their BBL wrongdoing they have just both started eleven-year disqualifications. […]