Director Banned 10 Years for Inflating Turnover to Secure £50k Loan
BBL Complaints Dismissed
HSBC Demands Bounce Back Loan Repayment Post-CBILS, Ombudsman Dismisses Complaint
HSBC demanded a Bounce Back Loan repayment and seized funds after a CBILS approval. The Ombudsman dismissed the complaint, upholding HSBC’s actions. […]
BBL Blaggers
Ruislip Director Banned for 10 Years for Overstating Turnover to Secure Oversized Metro Bank Bounce Back Loan and Misusing Funds
A Ruislip director has been disqualified for 10 years after overstating his business turnover to obtain a Metro Bank Bounce Back Loan larger than his entitlement and using all the funds for personal benefit. […]
BBL Blaggers
Company Director Receives 5-Year Ban for Misusing Bounce Back Loan Funds
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. […]