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.

With Just Company Debit Card Transaction Records to Go On Showing Retail and Dining Expenditure, No One Knows Where a £50k Metro Bank Bounce Back Loan Went So the Company Director Gets a 12 Year Ban

January 6, 2023

Here is a common tale of Bounce Back Loan skulduggery, read it through, but please do not choke on your coffee when doing so. […]

Blagging NatWest Out of a £50k Bounce Back Loan When Only Entitled to Around £8,500, Leads to a Company Director Being Given a 10 Year Disqualification

January 6, 2023

Some would say that in hindsight, perhaps it was not that good an idea to allow anyone wanting a Bounce Back Loan to self-declare their business turnover to get one of those loans. But let’s not forget the major banks all demanded such things to ensure they could fire out those Government backed loans at lightning speed, and Government Ministers gave the scheme the greenlight. […]

A 5 Year Ban for Leaving the Powers That Be Scratching Their Heads Wondering Where a £20k NatWest Bounce Back Loan Went and If a Company Was Eligible for a Fortune Paid Out in Coronavirus Job Retention Scheme Payments

January 6, 2023

Once you read through the following case, you may be left thinking that the 5 year disqualification the Company Director has just been given is somewhat lenient. […]

A Rather Lenient 8 Year Disqualification Given to a Company Director Who Over-Egged His Company’s Turnover to Blag a £50k Bounce Back Loan Off Barclays Bank

January 6, 2023

A Barclays Bank Boss has gone on record as saying she knows plenty of people over-egged their turnover to get a Bounce Back Loan from her bank, however for doing just that to get a £50k BBL from Barclays has led to the Company Director named below being given a lenient 8 year ban. […]

Bank Account Analysis Proved a Co-Director Over-Egged Their Company’s Turnover to Blag a £50k BBL Off Metro Bank, for Which Both Directors Have Been Given an 11 Year Disqualification

January 6, 2023

Looking at the most recent Bounce Back Loan Guarantee Claims, Metro Bank are not afraid of claiming on the BBL Government guarantee rapidly, which is what they no doubt will have done with the one they gave to the Company named below. The Co-Directors of that Company are now starting 11 year bans for the wrongdoing listed. […]