Todays News

Please sit back and have a good look through this section of the website as it lists, in order, starting with the most recent then working backwards, each and every news story and article related to Bounce Back Loans that has been loaded up onto the website

There are literally thousands of pages for you to work your way through, so please take your time, and I guarantee you will find whatever it is you want to know about your BBL. If you would prefer a chat, then feel free to give me a call on my BBL helpline.

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Being Unable to Verify His Self-Declared Turnover Led to a Business Owner Having His Bounce Back Loan Snatched Back by Santander

February 18, 2022

With many people currently still being asked to provide all manner of additional information about their business by different banks, long after their BBL was approved and drawn down, today’s case is quite apt as it gives an insight into how the Ombudsman decided, in her opinion, Santander were right to snatch back a BBL from a Sole Trader who didn’t supply the requested information. For the record, even this week many people are reporting their banks are asking for additional information under the guise of “safeguarding” or ongoing “KYC”. If you […]

Insolvency Service Cannot Make Head Nor Tail of a Company’s Finances Including if a £30k NatWest BBL Was Used Legitimately So Slap Director With a 7 Year Disqualification

February 17, 2022

Today’s case shows you what happens if you put the Insolvency Service in a position whereby they cannot work out a businesses finances when its being wound up, and whether a Bounce Back Loan was legit. A seven-year disqualification was deemed a suitable punishment for this […]

4, 6 and 8 Year Disqualifications Handed Out to Three Company Directors As Another £150,000 in Bounce Back Loans Turn Sour

February 16, 2022

Today’s three cases, which saw £150k in BBLs turning sour, will give you some idea of how the Insolvency Service has just dealt with three Company Directors and their “wrongdoing” having wound up their businesses with a Bounce Back Loan still owing. […]

More Complaints Flood in About Zinc Credit Management Who Metro Bank Are Passing All Their Bounce Back Loan Cockups Over To

February 15, 2022

My inbox lit up the other day when I reported […]

Starling Bank Pays Out a BBL and TopUp Worth £37,500 in Total to a Company With No Trading Income – Director Gets 9 Year Disqualification for Using Those Funds for the Benefit of Himself and/or Others

February 14, 2022

Not quite sure what Starling Bank were doing approving a BBL and Top Up worth £37.5k in total and paying it out to a business with no trading income, but hey ho, they are now left with another such loan that has gone sour, as Director of the company that got it took insolvency route after using those funds for personal benefit and/or the benefit of others. Here are the details. […]