The Disqualification Files Archives

Another Two 7 Year Bankruptcy Restrictions Orders Handed Out to Two Unrelated Business Owners One For Not Using His BBL For The Benefit of His Business and The Other For Over Egging His Turnover

June 3, 2022

Taking the Insolvency/Bankruptcy route if you have a Bounce Back Loan still owing will see the powers that be delving into what that loan was used for, and if you were eligible for a BBL in the first place. Any wrongdoing will, as the following two people found out, lead to some form of slapping by the Insolvency Service. […]

8 Year Disqualification for Bagging a Lloyds Bank Bounce Back Loan By Over-Egging Turnover and Not Using It In Its Entirety for the Economic Benefit of the Business

June 1, 2022

Groundhog Day again as we see another Company Director hit with a disqualification, 8 years in the case outlined below in which he over-egged his turnover and did not use the Lloyds Bank BBL in its entirety for the economic benefit of the Business. […]

11 Year Disqualifications Handed Out to Company Directors for Blagging Two Bounce Back Loans One from Barclays and one from Paragon for Their One Single Company and For Not Declaring Their Business Was in Difficulty on the BBL Application Forms

May 31, 2022

The rules surrounding Bounce Back Loans were complicated for many people to get their heads around, and the British Business Bank, as you will see below, did make it clear on the 3rd of June 2020, that if you owned more than one eligible business you could apply for a BBL for each of them, that however is not what happened in today’s case which saw two Company Directors hit with an eleven year disqualification for bagging two BBLs for their one single Company. […]

Taking the Insolvency Route But Failing to Give the Liquidator Accounting Records Showing Among Other Things, Where a £50k NatWest Bounce Back Loan Went Sees a Company Director Hit with a 6 Year Disqualification

May 31, 2022

A 6-year disqualification has been handed out to the Company Director in the case outlined below, and as you will see a £50k NatWest Bounce Back Loan has now gone with that company. […]

Company Director Hit with a 7 Year Disqualification for Failure to Maintain or Preserve Adequate Accounting Records Which Meant the Liquidator Was Unable to Verify If £23k in Job Retention Payments and £30k in Eat Out to Help Out Claims Were Legit Even After a Visit by HMRC’s Hidden Economy Team

May 31, 2022

This case involves claims put in to the Coronavirus Job Retention Scheme and the Eat Out to Help Out Scheme which could not be verified for the reasons outlined, and ultimately saw a Company Director hit with a 7-year disqualification. […]