Bouncing Back Ep. 7: Why Are Directors Banned If Bounce Back Loan Enforcement Is Rare?
BBL Blaggers
Vitalijs Kunickins, Avsmart Fixers Ltd Director from Latvia, Banned for 10 Years for Overstating Turnover to Secure £45,000 HSBC Bounce Back Loan
The Insolvency Service’s crackdown has banned directors for using Bounce Back Loans to fund non-business activities. […]
BBL Blaggers
“Carl Barnes of Central Plumbing & Heating Lincoln Ltd Hit with 11-Year Ban for Fraudulent £47,500 BBL from Starling Bank
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.
[…]
BBL Blaggers
Calum Manus Camara-Hill, Director of E5 Carpentry Ltd, Receives 5-Year Ban for Non-Compliance with Government Loan Repayment Rules
Calum Manus Camara-Hill, director of E5 Carpentry Ltd, has been handed a five-year directorship ban due to failing to fully repay a Bounce Back Loan after securing a higher-value CBILS loan, breaching the complex rules of these government-backed schemes. […]