Directors Increasingly Avoid Records to Reduce Bounce Back Loan Penalties
BBL Blaggers
Director Banned for 7 Years for Unexplained Payments and Failure to Account for £50,000 Metro Bank Bounce Back Loan
A director faces a seven-year ban after making mysterious payments to a camper van conversion company and failing to provide accounting records for a £50,000 Metro Bank Bounce Back Loan, which remained unpaid at liquidation. […]
BBL Blaggers
Mehmet Tekagac, Director of Ucer Kebab Ltd and Arda Perfect Café Ltd, Banned for 11 Years for Securing Two £50,000 Bounce Back Loans
Mehmet Tekagac’s 11-year ban follows securing two £50,000 Bounce Back Loans by allowing and exaggerating turnover claims, misusing funds for both companies. […]
BBL Blaggers
Marjorie Nalutaaya Deborah Griffith, Director of Swanky Portraits Limited, Receives 10-Year Ban for Inflating Turnover by Over 21 Times to Obtain £50,000 HSBC Bounce Back Loan
Directors who exploited scheme loopholes by claiming for multiple entities face Insolvency Service bans. […]