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.

An 8 Year Disqualification is Deemed Suitable Punishment for Company Director Who Overstated Turnover to Get a BBL and Providing No Evidence It Was Used to Benefit the Business and Left the BBL Owing at Liquidation

July 25, 2022

Lloyds Bank have been left to chase the Government Guarantee on the Bounce Back Loan they approved and paid out in this case which resulted in an 8-year disqualification, due to all manner of wrongdoing by the Director who applied for it for the Company now in liquidation. […]

Company Director Gets an 8 Year Disqualification for Applying for a Bounce Back Loan When His Business Was Not Impacted by the Pandemic, Over-Egging Turnover and JRS Grant Skulduggery

July 23, 2022

Another couple of BBL related wrongdoing cases to present to you today, that have resulted in bans for the business owners, one who has been hit with an 8-year disqualification and another with a 5-year BRO for the skulduggery highlighted. […]

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. […]