The Disqualification Files

Taking the Insolvency route with a Bounce Back Loan still owing is always going to see great scrutiny being given to how the BBL was applied for and what it was spent on. The Company Director named in this case was found to have used a chunk of his Company’s BBL for personal benefit and as such got a 6-year disqualification. […]

The Company Director in this case had a business with a turnover that was worked out to be £12,340 but even though he was allowed, due to the business starting to trade in August 2019, to estimate the turnover, he got an 11-year disqualification for estimating the turnover was £190,241, and also not using it all for the benefit of the business. […]

Not only did the Company Director named in this case apply for and get a Bounce Back Loan by over-egging the turnover of his Company that wasn’t eligible for the loan, but he also made no attempt to explain where the funds went and subsequently was slapped with an 11-year disqualification. […]

Yet again it has been discovered that another Company Director as shown in this case has permitted all manner of wrongdoing with regard to a £50k Lloyds Bank Bounce Back Loan, which explains his 9-year disqualification. […]

A £50k Lloyds Bank Bounce Back Loan will soon be heading for the guarantee claim if it hasn’t already, as the Company Director in this case not only over-egged her turnover to get it, but did not supply accounts to the Liquidator to show where the money went. […]