
Business Owner Banned for 11 Years for Falsely Claiming Turnover to Secure £50,000 Lloyds Bank Bounce Back Loan for Non-Trading Business

Two Newport co-directors face 10 and 8-year bans after exaggerating their business turnover to obtain a Lloyds Bank Bounce Back Loan. […]
A director has been banned for 8 years for inflating turnover to secure a £50,000 Bounce Back Loan, claiming £26,000 was spent on an unrelated website. Liquidators declined to pursue further action, but the penalty reflects financial misconduct. […]
Simon Hayes, director of Hertford Mechanical Limited, has been banned for 3.5 years for trading to the detriment of HMRC, leaving a £50,000 Barclays Bounce Back Loan unpaid at liquidation. The ban reflects financial misconduct. […]
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