The Disqualification Files

Having incorporated his Company in 2019 the Company Director in today’s case would have been allowed to estimate his turnover, however he has just been slapped with a 6-year disqualification for overstating that estimated turnover and not using the BBL in full to benefit his Company. […]

With some hefty disqualifications being handed on to those who take the Insolvency route with their LTD Companies when there is a Bounce Back Loan involved and wrongdoing is uncovered, I have seen quite a number of Directors fail to preserve and/or maintained adequate accounting records, or in the alternative, fail to deliver up adequate accounting records to the Liquidator  in the hope they get a lower ban. Here is a case in which a Director has just been given a 7 Year disqualification, and […]

The list of Company Directors being given disqualifications for all manner of wrong doing is now growing daily, and here is yet another one which resulted in a six-year disqualification, and as becoming more and more regular, there is a Bounce Back Loan involved. […]

I just know the guarantee claims that HSBC will eventually be putting in for Bounce Back Loans they paid out that have gone bad will be massive, much more so when I hear cases such as this one which saw a Company Director hit with a 12-year disqualification for blagging three BBL’s from them. […]

As of the 31st of March 2022, figures released by BEIS show that HSBC had not been paid out any BBL guarantee claims, however when they finally do they are going to be huge in number and value. Here is one claim they will no doubt be putting in soon. […]