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.

By Not Proving Payments Made to His Personal Bank Account from a Santander Bounce Back Loan in His Business Account Were for the Benefit of His Business and Leaving that BBL Left Unpaid Sees a Company Director Given a 6 Year Ban

September 26, 2022

Here are the details of a £30k Santander Bounce Back Loan that was never paid back, and the Company Directors details, who is starting a 6 year disqualification for his BBL wrongdoing. […]

Starling Bank Bounce Back Loan Left Unpaid with Company Director Slapped with a 5 Year Ban for Giving That Loan to Himself and Leaving it Unpaid at Liquidation

September 26, 2022

The turn of Starling Bank to lose another Bounce Back Loan today, but the Government will of course give them their money back, and as you will see from this case, even though it wasn’t a large one the Company Director has been given a 5 year ban for the wrongdoing listed associated with that loan. […]

Having Taken Out a Barclays £20k Bounce Back Loan Then Giving It To Himself as a Loan a Few Days Later and Leaving Most of It Owing at Liquidation Results in a 6 Year Disqualification

September 26, 2022

A six year ban was deemed to be the most suitable punishment for the Company Director named in this case, for giving all £20k of the Barclays Bounce Back Loan he got for his Ltd Company to himself as a loan and leaving most of it owing at liquidation. […]

Lenient 5 Year Disqualification Given to Company Director Who Bagged a £40k Santander Bounce Back Loan and Paid It To Himself Therefore Not Using It For The Benefit Of His Business

September 23, 2022

After reading this sorry tale, you will see why Santander are snooping into their BBL customers accounts and challenging them on anything that doesn’t look right with regards to their Bounce Back Loan application. The upshot of his wrongdoing has led to him being given a 5 year disqualification. […]

Admitting Their Business Never Traded and Had No Turnover After Bagging a Lloyds Bank Bounce Back Loan Leads to Two Co-Directors Being Disqualified

September 23, 2022

Leaving the entire £30k Lloyds Bank Bounce Back Loan their business got owing at liquidation, that never actually traded and obviously had no turnover, and having transferred the money to themselves, and having not used it for the benefit of their business leads to two Co-Directors being given a 3 year 6 month and an 11 year disqualification. […]