Companies House Cracks Down on BBL Fraud with Harsh Penalties and Prosecutions

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Warning Issued – Set Up An Affordable Repayment Plan ASAP If You Over-Egged Your Turnover (Either by Mistake or Otherwise) to Get a BBL as You Have One Final Window of Opportunity to do the Right Thing Before No Nonsense Recovery Action Begins

Businesses that overstated their turnover—whether intentionally or by error—to secure a Bounce Back Loan are urged to establish an affordable repayment plan immediately. With a final, limited opportunity to rectify their situation, failure to act promptly could trigger aggressive recovery measures by lenders or the Insolvency Service, potentially leading to director disqualifications or legal action.
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