Facts and Figures Relating to Enforcement Action by the Insolvency Service Reveal Barclays (the Only BBL Lender Taking Any Meaningful Type of Enforcement Action)

The following numbers were presented in a speech at the Insolvency Live conference by Dave Magrath, Director of Investigation and Enforcement Services at the Insolvency Service.

 BBL Legal Advice  BBL Legal Advice close a limited company close a limited company

These numbers relate to the activity of the Insolvency Service only. They are sourced from internal management information produced by a range of operational teams and should be considered estimates only.

Table 1: Outcomes and repayments in Bounce Back Loan (BBL) cases, Great Britain, 1 April 2022 to 31 May 2023

Type Total Amount
Criminal charging decisions 89 [note 1]
Successful prosecutions 9
Criminal confiscation orders £50,000
Voluntary criminal repayments £230,000
Civil compensation orders £231,000
Voluntary civil repayments £449,000
Official Receiver recoveries £300,000 [note 2]
Total recoveries £1,100,000 [note 2]
Compulsory winding-up orders resulting from petitions presented by Barclays Bank 116

[note 1] 89 decisions were made in the 2022/23 financial year. In total, 145 decisions were made over the period 1 April 2021 to 31 May 2023.

[note 2] These numbers may not include all cases and therefore the true amounts may be higher than this.

Monetary amounts have been rounded to the nearest £1,000.

Source: Management information extracted from Insolvency Service administrative systems

The numbers in table 2 relate to Insolvency Service investigations into directors of dissolved companies disqualified using powers provided by the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act 2021.

Table 2: Investigations and outcomes relating to disqualification of directors of dissolved companies, Great Britain, 1 January 2022 to 31 May 2023

Type Total
Investigations commenced 172
Directors disqualified 30
Average (mean) length of disqualification 9 years

Source: Management information extracted from Insolvency Service administrative systems

Additional Information

You will  find information on a couple of the compulsory winding-up orders resulting from petitions presented by Barclays Bank on the following links:

Barclays Go to the High Court to Get a Company Wound Up Due to the Director Who is Based in Hackney Blagging a BBL Off Them, He Is Today Starting a 10 Year Ban

Here is One of the Companies That Barclays Recently Got Wound Up in the High Court with the Help of the “Bounty Hunting” Firm Lord Agnew has Become the Face Of, the Director of that Now Wound Up Company is starting a 10 Year Ban

Lord Agnew Cashing in

Full Details of How the Bounce Back Loan Bounty Hunting Firm Linked to Lord Agnew Purchased an Outstanding £38k Director Loan Account from a NatWest BBL Defaulter’s Liquidator for Just £2,500 and Will Get Half of Any Recovered Funds