
Richard Reid the Director of Pinnacle Excellence Ltd and Pinnacle Potential Ltd, Slapped with an 11 Year Ban for Blagging a £43k Bounce Back Loan from HSBC for the First Company and a £25k Starling Bank BBL for the Second Company When Neither of Them Were Eligible For a BBL
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Watch Your Backs
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Corruption Commissioner
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