
Director Banned for 11 Years for Securing Dual £60,000 Bounce Back Loans from Lloyds and HSBC and Misusing Funds

A bookkeeping company director who overstated turnover to secure a £40,000 Barclays Bounce Back Loan, leaving most unpaid, faces an 11-year ban. Read about this ironic misconduct. […]
Chester Reed, director of Chester’s Car Centre Ltd, has been disqualified for six years for transferring a £50,000 Barclays Bounce Back Loan to himself. Barclays’ winding up of the company in the High Court led to the ban. […]
Directors who used Bounce Back Loans to fund unrelated businesses face disqualification for violating scheme rules. […]
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