
10-Year Ban for Director Inflating Turnover for Barclays Loan, No Recovery

A Liverpool director has been disqualified for 11 years, starting 26 February 2024, for securing a £50,000 Barclays Bounce Back Loan using dormant accounts with zero turnover and transferring the funds to a connected company. The ban reflects serious breaches of the loan scheme’s rules. […]
Barclays approved a staggering 345,006 BBLs worth £10.818B. We break down the scale of their lending and its impact. […]
A company director faces an 11-year ban for inflating business turnover to secure a Bounce Back Loan, making only two repayments, and not using the funds for business purposes, violating loan scheme regulations. […]
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