More Than 800 Company Directors Disqualified for Bounce Back Loan Scheme Misuse in 2023/2024, With 1,430 Banned Since 2021 and Many More Anticipated in the Coming Days, Weeks, and Months
BBL Blaggers
Director Banned for 12 Years and Faces £58,000 Judgment for Securing Bounce Back Loan After Business Closure
A director faces a 12-year ban and a £58,000 High Court judgment for securing a Bounce Back Loan months after the business ceased trading. The disqualification and financial penalty highlight severe financial misconduct. […]
BBL Blaggers
Robert James Smith of Grand Slam Search Limited Faces 11-Year Ban Starting Today, June 25, 2025, for Blagging and Misusing £50,000 NatWest Bounce Back Loan
Robert James Smith, director of Grand Slam Search Limited, has been disqualified from holding a directorship for 11 years, effective from today, June 25, 2025. The ban stems from his fraudulent acquisition of a £50,000 Bounce Back Loan from NatWest, where he exaggerated his company’s turnover and failed to demonstrate that the funds were used for legitimate business purposes. […]
Special Reports
British Business Bank’s Warning Confirmed: Directors Misusing Bounce Back Loans Face Disqualification and Repayment
As predicted, directors misusing Bounce Back Loans for personal gain face disqualification and repayment demands during liquidation, though some escape penalties. […]