
Banned for 11 Years for Overstating Turnover to Secure £50,000 Santander Bounce Back Loan, Leaving It Unpaid

A UK company director has been disqualified for five years after failing to use the majority of a Bounce Back Loan for business purposes. The Insolvency Service found that the director diverted funds meant to support the company during the pandemic, breaching loan terms and undermining the government’s COVID-19 relief scheme. […]
Both co-directors of a company face 11-year bans after bank account analysis confirmed one overstated the company’s turnover to obtain a £50,000 Metro Bank Bounce Back Loan. […]
A director’s banned 11 years for grabbing a £50k loan after his firm stopped trading. Uncover his brazen blag! […]
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