The Disqualification Files

In this section of the website you will discover over 2840 defaulted Bounce Back Loans, along with the Company and Directors / Sole Traders names, all of whom received some form of punishment (also revealed) as it was found each of them had abused the BBL scheme in one way or another. Grab a coffee, but please do not choke on it, as you read them, for some of the BBL associated skulduggery is quite shocking.

The Disqualification Files

Massively Over-Egging His Business Turnover and Admitting Using a Bounce Back Loan for Personal Use Sees Company Director Hit with a 9 Year Disqualification

July 13, 2022

They do say honesty is the best policy, and after holding his hands up and admitting he used a £35k Bounce Back Loan from Barclays for personal use and as it was discovered his business turnover was nowhere near the required amount to get a BBL of that value, a Company Director gets slapped with a 9-year disqualification. […]

The Disqualification Files

6 Year Disqualification for Company Director Who Used a £50k Lloyds Bank Bounce Back Loan for Personal Benefit

July 13, 2022

The Insolvency Service sure are going to be busy moving forward, in fact their workload has been somewhat boosted recently with the number of Company Directors who wound up their businesses with a Bounce Back Loan owing. That always sees a full investigation into whether the business was eligible for the BBL and whether it was used correctly. Here is an overview of a recent case which resulted in a 6-year disqualification when BBL wrongdoing was discovered. […]

The Disqualification Files

Blagging Two Bounce Back Loans Worth £100k in Total for His One Single Business and Leaving Them Both Unpaid at Liquidation Sees Company Director Hit with an 11 Year Disqualification

July 12, 2022

There is an estimated 22,000 Bounce Back Loans which are deemed to be suspected duplicates, that being BBLs that went out to businesses that had already secured one of those loans. Here is a case which saw a Company Director getting an 11-year disqualification for blagging two of those loans, by making applications a few weeks and the second after the first BBL had been drawn down. […]