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

Businessman Over-Egged Turnover on His Car Business Allowing Him to Get a £50,000 Bounce Back Loan and Made Payments to Himself and Co-Director – Outcome 7 Year Disqualification

July 30, 2021

The Insolvency Service are still very busy currently, casting their eyes over any businesses that have been wound up with Bounce Back Loans still owing, and here is yet another Director that has been slapped with a 7 year disqualification for over-egging turnover and using a fair chunk of that loan for “personal benefit”. […]

The Disqualification Files

Liquidator Unable to Determine When a Company Started and Ceased Trading and Whether Turnover Was Correct or Over-Egged when Director Applied for a £48,750 BBL – Outcome Director Disqualified for 7 Years

July 21, 2021

The list of Company Directors being handed long disqualifications when winding up their companies is growing, and will no doubt continue to grow moving forward, much more so with the new Bill working its way through Parliament that aims to punish those winding up companies “dubiously” when there is a BBL involved. Here is another one I have come across which saw a Company Director being disqualified for 7 years. […]

The Disqualification Files

Businessman Applies for and Secures a Bounce Back Loan Worth a Tasty £30,000 But for a Company Not Trading, Then Liquidates Company and is Disqualified for 6 Years

July 17, 2021

I am now awash with the names and details of Company Directors that have been disqualified by the Insolvency Service for wrongdoing and each of them have a Bounce Back Loan related backstory. This one is regarding a businessman who bagged a BBL worth £30k at a time the Company had ceased trading and then liquidated the company with the BBL still being owed to the bank. […]

The Disqualification Files

Six Year Disqualification for Company Director That Used Just £617 of a £20,000 Bounce Back Loan on Business Expenditure and Paid Himself/Associates the Remainder

July 17, 2021

One day we will know the true scale and the cost of the Bounce Back Loan scheme regarding those who ripped it off, but until that day arrives here is another person that used their loan for personal benefit and not for the good of their business and has now been disqualified for 6 years. […]