Business Owner Banned 6 Years for Bounce Back Loan Personal Misuse
BBL Blaggers
Sarah Jane Hutcheson, Director of Source Campaign Management Limited, Handed 10-Year Ban for Claiming £11 Million Turnover to Secure £50,000 Bounce Back Loan for Non-Trading Company
The Insolvency Service has pursued directors for using Bounce Back Loans to cover personal expenses, leading to bans. […]
BBL Blaggers
Director Banned for 8 Years for Misusing Lloyds Bank Bounce Back Loan and Falsifying Turnover and Financial Statements
A female director faces an eight-year ban for multiple instances of Bounce Back Loan misconduct, including overstating her business turnover, misrepresenting the loan amount in financial statements, and not using the Lloyds Bank loan for business benefit. […]
BBL Blaggers
Andrei Georgescu, Director of Villrose Ltd, Receives 9-Year Ban for Claiming £192,000 Turnover to Secure £48,000 Bounce Back Loan When Actual Turnover Was £547
Directors who claimed loans for sham businesses face disqualification and legal action. […]