Director Banned for 7 Years for Misusing Bounce Back Loan on Personal Expenses
BBL Blaggers
Rochdale Director Banned for 5 Years for Failing to Repay Bounce Back Loan After CBILS Loan
A Rochdale director has been banned for 5 years for not repaying a Virgin Money Bounce Back Loan after securing a CBILS loan, leaving both unpaid and violating the terms of the government schemes. […]
BBL Blaggers
Director Banned for 10 Years for Securing £80,000 in Duplicate Bounce Back Loans
A director faces a 10-year ban for securing two Bounce Back Loans totalling £80,000 for a single business, leaving both unpaid at liquidation, violating loan scheme rules. […]
BBL Blaggers
Ashfaq Shaikh, Director of Double Anchor Limited, Receives 10-Year Ban Starting June 27, 2025, for Misrepresenting Turnover to Secure £50,000 Starling Bank BBL
Ashfaq Shaikh, director of Double Anchor Limited, has been banned from acting as a company director for 10 years, effective June 27, 2025, after he was found to have deliberately overstated his company’s turnover to obtain a £50,000 Bounce Back Loan (BBL) from Starling Bank. Despite being permitted to estimate turnover, authorities determined that Shaikh knowingly provided inaccurate figures, misrepresenting the financial position of his business to secure the loan. […]