Director Banned for 8 Years for Falsely Claiming £210,000 Turnover to Secure £50,000 HSBC Bounce Back Loan and Misusing Funds
BBL Blaggers
Nikolay Hristov Kolev, Director of Kaicony 2 Limited, Banned for 9 Years Over Misstated Turnover for Santander Loan
Nikolay Hristov Kolev, a Bulgarian director of Kaicony 2 Limited, has been handed a nine-year directorship ban starting 2 June 2025. The ban stems from his significant overstatement of the company’s turnover to obtain a £50,000 Santander Bounce Back Loan, violating the terms of the loan scheme designed to support businesses. […]
BBL Blaggers
Government Set to Tackle Directors Who Have Inappropriately Wound-Up Companies That Have Benefited From Bounce Back Loans
Lots for you to read today, as the Government are now scrambling around like headless chickens in an attempt to do everything they can to stop or at least deter Directors winding up companies if they bagged a Bounce Back Loan, so grab a coffee and read on, and see what Kwasi Kwarteng and others are planning and are up to. Does it include MPs, Members of the House of Lords and Ex-PM’s? Take a Look.. […]
BBL Blaggers
Clydebank Director Receives 7-Year Ban for Misusing Three Bounce Back Loans
A Clydebank director has been banned for seven years for fraudulently obtaining and misusing three Bounce Back Loans. The lenient penalty reflects the complexities of proving the full extent of financial misconduct in this case. […]