
Two Sole Traders Banned for 9 and 10 Years for Bounce Back Loan Wrongdoings

Carl Barnes, director of Central Plumbing & Heating Lincoln Ltd, has been banned from serving as a company director for 11 years after securing a £47,500 Bounce Back Loan from Starling Bank through fraudulent means. Barnes misrepresented his company’s financial status, claiming a turnover of £340,000 during the application process, when in reality, the business had no turnover at all.
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A director has been banned for 6 years for securing a Bounce Back Loan for an insolvent company with no repayment prospects, reflecting reckless financial behaviour and regulatory penalties. […]
A director faces an 11-year ban for obtaining a £15,000 Bounce Back Loan and a £5,000 top-up for a business that had ceased trading, violating loan scheme eligibility rules. […]
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