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.

Co-Directors Slapped with Very Modest 4 Year Disqualifications for Wrongdoing Associated with a Barclays Bounce Back Loan and Trading to the Detriment of HMRC

November 17, 2022

Having seen some much longer disqualifications handed out recently for similar wrongdoing, the two Directors named below have received extremely lenient disqualifications for the amongst other things, using BBL funds to pay off their personal credit card debts. […]

Erroneously Over-Egging Her Business Turnover to Get a Much Higher Barclays Bounce Back Loan Than Her Business Was Entitled to Leads to a 6 Year Disqualification

November 17, 2022

Not the longest disqualification handed out by any stretch of the imagination for BBL wrongdoing, however the Company Director named below has been given a 6 year ban for over-egging her projected turnover, even though she confirmed it was an error. […]

7 Year Disqualification for Failing to Inform His Bounce Back Loan Lender He Had Applied for a Dissolution of His Company and Using the BBL for Personal Benefit

November 17, 2022

Now that the Insolvency Service have had success in taking a Company Director to court and getting them successfully prosecuted, the Director below was lucky to get hit with just a 7 year ban for the wrongdoing listed below regarding his BBL and the dissolution of his Company. […]

A TSB Bounce Back Loan was Obtained by a Director Who Over-Egged Her Turnover to Get It Then Left it Unpaid at Liquidation, She is Now Starting an 11 Year Ban

November 15, 2022

TSB were not famed for approving and paying out a large number of Bounce Back Loans, however a fair number of the ones that they did approve have since turned sour, such as the one in the case below, which has resulted in the Company Director named being given an 11 year ban. […]

Takeaway Owner Slapped with an 11 Year Ban for Using a £50k NatWest Bounce Back Loan for Personal Benefit and Over-Egging His Turnover to Get It and Not Paying It Back

November 15, 2022

Another day arrives and another NatWest Bounce Back Loan has turned sour, here are the finer points as to why the Company Director named below is now starting an 11 year ban. […]