The Disqualification Files Archives

Failing to Explain How He Arrived at the Turnover Figure He Did to Get a Bounce Back Loan worth £50k from Santander When His Accounts Indicate the Turnover Was Much Lower, and Leaving The BBL Unpaid at Liquidation Sees Company Director Get a 7 Year Disqualification

July 21, 2022

You can see why Santander are snooping in the accounts of their customers who got a Bounce Back Loan to see if things do not match up with the application for those loans when you read the ease at which this Company Director got and spent his BBL, and the wrongdoing ultimately uncovered saw him disqualified for 7 years. […]

Paying Himself Around Two Thirds of the Value of His Company’s Bounce Back Loan and Leaving it Unpaid at Insolvency Sees a Company Director Hit With a 6 Year Disqualification

July 21, 2022

This case involves a Bounce Back Loan obtained from HSBC and ultimately, for the reasons laid out below, saw the Company Director given a 6-year disqualification for the wrongdoing indicated. […]

After Obtaining a £50k Barclays Bounce Back Loan By Over-Egging the Business Turnover and Using Most of It For Personal Use, Then Taking the Insolvency Route Leaving the BBL Unpaid a Company Director Gets Slapped with a 10 Year Disqualification.

July 21, 2022

A large number of the disqualifications being handed out for Bounce Back Loan wrongdoing are for 10 years and the wrongdoing with often sees that level of ban being given is for over-egging turnover and using the BBL for personal use, which is just what the Company Director in this case did. […]

Despite Being Able to Estimate His Business Turnover a Company Director Has Been Hit with an 8 Year Disqualification for Over-Estimating It When Applying for a Barclays Bounce Back Loan But He Did Use it for Personal Benefit

July 18, 2022

You are in for a slap if you overestimated your business turnover to get a Bounce Back Loan and used that BBL for personal benefit, then took the insolvency route with that loan still owing, and today’s case did see a Company Director get an 8-year ban for the reasons outlined. […]

HSBC and Starling Bank Approve and Pay Out a Bounce Back Loan Each to the Same Company Its Director Who Had Also Over-Egged the Turnover to Get Those BBL’s Gets a 10 Year Disqualification

July 18, 2022

Word has it, that Starling Bank and HSBC appear to be the two banks that have paid out the most duplicate Bounce Back Loans, of the 22,000 suspected duplicates, and today’s case, which is a common one, does seem to back that rumour up. […]