
Patrick John McKay, Director of A1 Traffic Safety Services Limited, Banned for 7 Years for Transferring Bounce Back Loan to Associated Company

A director faces an eight-year ban after exaggerating his business turnover to obtain a Lloyds Bank Bounce Back Loan, providing no evidence of its use for business benefit, and leaving it unpaid at liquidation. […]
Directors who diverted Bounce Back Loans to non-business accounts face Insolvency Service bans and penalties. […]
A director has been disqualified for 10 years after fraudulently obtaining Bounce Back Loans from Barclays and Lloyds for his single company, leaving both unpaid after pursuing creditors’ voluntary liquidation. […]
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