Rachel Reeves Appoints Her Covid Corruption Commissioner, Deciding the Best Person to Uncover Dodgy PPE Deals and Bounce Back Loan Blaggers During the Tory Era is Ex Tory Cabinet Advisor, Tom Hayhoe – What Does This Mean for BBL Abusers?

Having got wind that Ex Tory Cabinet Adviser, Tom Hayhoe was the man Rachel Reeves wanted for the role of Covid Corruption Commissioner quite some time ago, and now that the press embargo is over, I can finally officially announce he has been shuffled into that role and is to start work immediately.

Don’t forget if you have any Bounce Back Loan related worries or concerns my helpline is still going strong, if you need a chat feel free to get in touch, details of the helpline can be found here > BBL Helpline: An Update and the NEW Helpline Number

Overview of His Job Description:

His main role is of course to uncover dodgy PPE contracts that were awarded during Covid, but he will also be casting his eye over the following:

• The Commissioner will also make assessments of fraud recovery work to date in major covid schemes, such as Furlough, Bounce Back Loans, Business Support Grants, Eat Out to Help Out and covid era Universal Credit fraud.
• These will be produced by the relevant departments and the Public Sector Fraud Authority.
• Where the Commissioner deems necessary, the Commissioner will lead additional assessments into these schemes.

Those of you who are of a certain age, may recall Hayhoe, was as an advisor to the Tory Cabinet Minister Peter Walker way back when Margaret Thatcher was Prime Minister.

Bounce Back Loan Abusers

The two main and pressing areas of the Bounce Back Loan Scheme that Hayhoe will be looking into, and giving advice upon are as follows:

• Those Who Over-Egged Their Turnover
• BBL Related Company Strike Off Blocks

Turnover Over-Eggers

The Government now fully knows who over-egged their turnover to get a Bounce Back Loan, and have been waiting for the Covid Corruption Commissioner to start his job so a decision can be made on what to do with them:

HMRC, Cabinet Office and the Department of Business and Trade Have Now Flagged Bounce Back Loan Recipients Whose Actual Turnover Didn’t Match Their BBL Application and/or LTD Companies Who Were Not Registered for VAT But Declared a BBL Turnover Figure That Required VAT Registration – The Covid Corruption Commissioner Will Help Decide What to Do to The Guilty

The British Business Bank Boss Louis Taylor, Issues a Warning to the Soon to Be Announced Covid Corruption Commissioner “If You Pursue People (Who Over-Egged Their Turnover to Get a BBL) for Fraud, Then You’ll Precipitate the Very Act You Don’t Want, That Being a Non-Performing Loan”

Warning Issued to All Businesses Who Estimated Their Turnover to Secure a Bounce Back Loan – Keep Your “Workings-Out” to Bat Off Any Forthcoming Scurrilous Accusations From November 2025 Onwards From the Government and/or BBL Lenders That You Over-Egged Your Business Turnover

Final Stage of the “BBL Fraud Analysis Pilot Scheme” Due to Be Completed By November 2025 That Has Been Secretly Tracking Business Owners For 3 Years That Blagged a BBL By Over-Egging Their Turnover or Weren’t Even Trading – Indicators Are Some 537,913 Business Owners Could Have Blagged a BBL

Insight Into the Mysterious World of Low, Mid and Top Tier Bounce Back Loan Fraud and Why Certain Aspects are Being Overlooked as Possible Applicant Error

An Insight Into the 5 Key Things That NATIS, the Now Proven to be Police Impersonating Bounce Back Loan Door-Kicking Police, Look For When Investigating Suspected BBL Fraud

BBL Related Company Strike Off Blocks

Thousands upon thousands of Companies are now in limbo, due to them applying for a dissolution or having slid into a Strike Off position but have had that Strike-Off/Dissolution blocked by the Department for Business and Trade due to the Company having a Bounce Back Loan that hasn’t been repaid.

The Insolvency Service are already slowly but surely prosecuting those who managed to get a Bounce Back Loan for a LTD Company, namely the Directors of those firms, who then pocketed the BBL, transferring it out of the Company Bank Account and then quick as a flash applied for and succeeded in getting a Strike Off.

The reasons why those cases are very easy to prosecute is that if the Director did not tell any and all Creditors, such as the BBL Lender they were applying for a Strike Off they have broken the law.

That being failing to inform a creditor about a voluntary striking off application, contrary to section 1006 of the Companies Act 2006.

Be aware getting such a Strike Off for a LTD Company with a BBL owing and not telling the Creditor is now impossible, as the Strike Off gets blocked at lightning speed, and the Company then sits in limbo, but is still classed as a Live Company.

A decision will now be made on what to do with all those Companies with a Strike Off block, including those who did no wrong, just couldn’t afford to take the Insolvency route and legally and properly applied for a Dissolution.

Here are some articles worth reading on this topic:

The Government Have Just Been in Touch with Me About the Ping-Pong and Limbo-Land Many People are Experiencing with the Department for Business and Trade Blocking Strike Offs When a Company Has a Bounce Back Loan Owing – Read Their Official Response

What Happens When You Are In Limbo After Defaulting on a BBL and Your Company Dissolution/Strike Off Has Been Blocked by the Department for Business and Trade?

Leaked Correspondence From Kevin Hollinrake’s Office Proves What We Already Knew, Bounce Back Loan Lenders Can Write Off Bounce Back Loans, Usually After They Claim on the Guarantee, and Allow LTD Companies to Be Struck Off When the Borrower Is Vulnerable

Bounce Back Loan Blagging Indian Takeaway Owner Who Dissolved His Company and Did Not Tell His Creditors, Before that Loophole Was Closed, is Given, Thanks to the Law Being Changed and Backdated, a 36 Week Prison Sentence Suspended for 18 Months and Ordered to Pay £6,000 in Costs

Immigration Raids

Home Office and Yvette Cooper the Home Secretary Beginning to Look Gormless As they Increase the Number of Raids on BBL Recipient Business Owners and Heavily Fine Many for Employing Illegal Workers But the Number of Directors Who Never Pay the Fine and Then Default on Their BBLs Skyrocket

Additional Reading

Many Bounce Back Loan Lenders are forcing the hand of Bounce Back Loan blaggers, by applying to the High Court to get Companies wound up.

Barclays were, until just a few weeks ago, the only BBL Lender enforcing BBL Debts. But now, Starling Bank, Lloyds Bank and NatWest Bank have started to do so.

However, they are only doing so if  defaulters fit the very strict criteria for enforcement.

The articles below will enlighten you on what that criteria is, and whether you should be worried about any of those Lenders heading to the High Court with a Winding Up Petition against your Company, and if they do, they will often sell the debt to “BBL Bounty Hunters”, those being Litigation Funders who will then pursue you personally for the debt, in exchange for a hefty percentage of the money they recover from you by selling off all your personal assets.

NatWest

NatWest Join Barclays, Lloyds and Starling Bank In Winding Up Companies That Have Government Backed Loans in the High Court – They Have Submitted a Slew of Winding Up Petitions to the High Court in Recent Days – Is Your Company on the List? Take a Look

Winding Ups Granted

Updated More Names Added – Judges Begin to Wind Up Ltd Companies that Starling Bank Suspect Blagged them out of a Bounce Back Loan and Lloyds Bank Hand in Several Additional Winding Up Petitions – Is Your Name on the List? Check to See

Lloyds Join the Party

Subscriber Special – As I Predicted, Lloyds Bank Now Head to the High Court To Get Several Companies Wound Up Using the Same Solicitors as Starling Bank – The Latest Twists and Turns of the Bounce Back Loan Scheme Unfolding

BBLs and Labour

Subscriber Special – Bank Bosses Panic at the Thought of Labours Covid Corruption Commissioner – Some Considering Making An Effort (At Last) to Wind Up Companies in the High Court That They Know Blagged Them Out of a BBL, Like Barclays, Starling and Lloyds Banks Are Doing

Starling Bank Taking Action

Subscriber Special – Starling Bank Increases the Number of High Court Winding Up Petitions Against Ltd Companies to Nine, All of Which Are Due to Go Before a Judge in the Next Few Weeks Which Could See “Bounce Back Loan Bounty Hunters” Being Dispatched

How Government Departments Currently Root Out BBL Fraud

Home Office

Immigration Raids on Hand Car Washes, Takeaways and Nail Salons to Start as They Are a Great Way to Bring to Justice Business Owners Who Have Committed Bounce Back Loan Related Wrongdoing and Fraud, With Three Directors Receiving Long Bans in the Last Few Days

Insolvency Service

It’s Taken Quite Some Time But At Last, 7 Dodgy “Corporate Rescue” Firms That Preyed on Gullible and Shady Company Directors By Telling Them They Can “Get Rid Of” Companies Deep in Debt, Many with Bounce Back Loans, Have Been Shut Down

Companies House

Companies House Begin Their New Regime of Tougher Compliance – Threatening Financial Penalties, Civil Action, Director Disqualification or Criminal Prosecution Against Those “Playing the System” – Including BBL Blaggers