Winding up Orders

As part of a pilot scheme, Barclays have so far gone to the High Court to get wound up around 120 Companies whose Directors blagged/scammed them out of a Bounce Back Loan, which means they then force the hand of the Directors of those Companies and opens the door for the Court appointed Liquidator to pursue their personal assets for repayment. Below are the ones I have so far tracked and reported on that resulted in a Director Disqualification. They have been given the greenlight to pursue more Directors due to the success of that pilot. However, other Lenders appear not to be interested in that pilot, as the only people who financially benefit are the Insolvency Practitioners and the “BBL Bounty Hunters” who chase those Directors and get a hefty chunk of the money recovered, with the taxpayer and BBL Lenders getting nothing back!

The Disqualification Files

Cash and Carry Boss Transfers to Himself and Carries Off His Company’s Barclays Bounce Back Loan Cash Obtained by Over-Egging His Turnover, the Bank Applies to the High Court and Get a Winding Up Order Resulting in an 11 Year Ban

October 6, 2023

One by one the Directors of the latest batch of 120 Companies that Barclays have got wound up in the High Court for BBL related wrongdoing are being hit with long disqualifications, and here are the details of another one. […]

The Disqualification Files

Claiming His Business Turnover was £100k to Blag a £25k Bounce Back Loan from Santander When the T/O was Just £39,082 Sees a Company Director Hit with a 10 Year Ban – Liquidator Confirms No Further Action to Recover Funds as the Bank and “BBL Bounty Hunters” are Unwilling to Fund It

October 2, 2023

Here is a deep dive into the background of this case, including what the Liquidator has said. Both the Bank and two Litigation Funders, who I call BBL Bounty Hunters are unwilling to fund recovery of funds owed. […]

The Disqualification Files

Building Company Takes Horse Breeding Company to the High Court to Get It Wound Up for Money Owed, It Then Comes to Light the Director of the Latter Over-Egged Her Turnover to Get a Bounce Back Loan Resulting in a 10 Year Ban

September 27, 2023

It is not just Bounce Back Loan Lenders that are taking court action to get Companies would up, other Companies owed money are doing so too, and when they succeed, as laid out in the following case, any wrongdoing with a Bounce Back Loan also gets uncovered and a punishment handed out. […]

The Disqualification Files

Vehicle Hire Company Goes to the High Court to Get a Freight Company Wound-Up for Not Paying Them, Which Is Granted, It Is Then a £50k BBL Obtained By Over-Egging Turnover is Discovered Which Leads to a 7 Year Ban

September 21, 2023

It is not only banks that can go to the High Court to get a Company wound up if they are owed money, and the BBL mention in this case which was obtained by over-egging turnover came to light after a vehicle hire company sought a High Court winding up order due […]