Todays News

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The Insolvency Service Haven’t Got a Clue What Happened to this £50k Bounce Back Loan and a £25k Local Authority Business Grant, So Decide to Slap the Director with a 6 Year Disqualification

September 8, 2022

Here is another case of a Company Director with a Bounce Back Loan left unpaid, being given a 6-year ban for failing to maintain and/or preserve adequate accounting records or, in the alternative, failing to deliver accounting records to the Liquidator. […]

VAT and Skulduggery with a £35K Barclays Bounce Back Loan Sees a Company Director Hit with a Lenient 3 Year 6 Month Disqualification

September 8, 2022

A somewhat lenient disqualification, all things considered, has been handed out to the Company Director named below, who is now starting a 3-year 6-month ban, for the wrongdoing listed. […]

Insolvency Service Decide a 10 Year Disqualification is Suitable Punishment for a Company Director Who Over-Estimated Her Estimated Turnover to Get a £50k BBL When Only Entitled to a £27k BBL

September 7, 2022

Once again, the Insolvency Service have given out a long disqualification, in this case a 10 year one, to a Company Director who over-estimated her estimated Company turnover, even though she was allowed to estimate her turnover, to bag a bigger Bounce Back Loan than eligible for. […]

9 Year Disqualification for Over-Egging His Company’s Turnover to Bag a Large Bounce Back Loan from NatWest and Leaving it Unpaid at Liquidation

September 7, 2022

The British Business Bank Team are very busy at the minute, paying out a fortune in Guarantee Claims to banks that have requested their money back from BBL’s that have turned sour, such as the one in this case which was a NatWest issued one. […]

Company Director Uses a Lloyds Bank Bounce Back Loan to Pay Off a Personal Loan Against Her Property and Gets a 7 Year Disqualification for Leaving the BBL Unpaid at Liquidation

September 7, 2022

Bagging a BBL then getting a BBL top up and using it to pay off a personal loan taken out against her home was never a good idea, much more so when the BBL was never repaid, Having admitted such to the Liquidator, this Company Director is now starting a 7-year disqualification as punishment. […]