Director Banned for 7 Years for Failing to Account for £50,000 Lloyds Bank Bounce Back Loan Due to Inadequate Records
BBL Blaggers
Three Sole Traders from Cambridge and Cirencester Hit with Bankruptcy Restrictions for Inflating Turnover to Get Bounce Back Loans
Two sole traders from Cambridge and one from Cirencester have been issued lengthy Bankruptcy Restrictions Orders for exaggerating their business turnover to secure Bounce Back Loans. The penalties reflect serious misuse of the government’s financial support scheme. […]
BBL Blaggers
10-Year Ban for Director as Barclays Claims Guarantee on Unpaid £50k Loan
Barclays has claimed a government guarantee for a £50,000 Bounce Back Loan after a director overstated turnover and failed to repay, leading to a 10-year ban. Learn about this costly default. […]
BBL Blaggers
Kenneth Crawley and Michael Crawley, Abbey Tours UK Limited Directors, Banned for 6 and 10 Years for Overstating Turnover to Secure £50,000 Barclays Bounce Back Loan
Bounce Back Loan misuse, including payments to unconnected parties, has led to directors facing Insolvency Service action. […]