
Director Banned for 8 Years for Misusing £50,000 Bounce Back Loan on Unrelated Website

A Glasgow director has been banned for 9 years for inflating turnover to secure a £50,000 Bounce Back Loan and owing HMRC, reflecting multiple financial violations and regulatory penalties. […]
The director of a music studio has been banned for eight years after a liquidator found inflated turnover figures used to obtain a higher-valued Barclays Bounce Back Loan than the business was eligible for. The disqualification, effective immediately, underscores misuse of pandemic relief funds. […]
Directors who exploited Bounce Back Loan checks by claiming for multiple firms face Insolvency Service disqualifications. […]
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