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

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Barclays Decide to Close a Customers Account and Demand They Repay Their Bounce Back Loan in Full – Ombudsman Says It’s Permitted by the Banks Terms and Conditions So That’s The End of the Matter

October 10, 2022

As you can see from the outcome of this case, it is yet another in which the Ombudsman permits a bank, this time Barclays, to close a customers account and demand they repay their Bounce Back Loan due to the bank having terms and conditions which state they can do just that, often terms and conditions borrowers never read or saw. […]

Having Worked Out That a Company Director Had Over-Egged Her Turnover to Get a NatWest £50k Bounce Back Loan and Left It Owing at Liquidation the Powers that Be Decide a 10 Year Ban is in Order

October 7, 2022

As you will see from the name of her aptly named Company, the Director named below certainly got into a hotspot having over-egged her turnover to get a Bounce Back Loan from NatWest and is now starting a 10 year ban for her wrongdoing. […]

Not Using Their Company’s NatWest Bounce Back Loan in Full For the Benefit of the Business and Instead Splashing Out on New Cars Not Listed as Company Assets Sees Co-Directors Being Given 6 Year Disqualifications

October 6, 2022

Having taken the Insolvency route with a £50k Bounce Back Loan still owing, it was discovered that the Co-Directors named below had splashed out on two new cars, which were not listed as Company assets. […]

Two Ex-Ministers for Small Business Keep Quiet and Give No Official Response On The Government Ditching That Role

October 5, 2022

I did ask both Jane Hunt MP and Paul Scully […]

After Over-Egging Turnover to Get a £50k Barclays Bounce Back Loan and Not Using It For the Benefit of Her Pub, and Leaving it Owing at Liquidation a Company Director is Given a 9 Year Disqualification

October 5, 2022

The usual story is outlined below of someone over-egging their business turnover to get a much larger Bounce Back Loan than their business was entitled to and not using that loan for the benefit of the business, as a result the Company Director named is now starting a 9 year ban for the highlighted wrongdoing. […]