
Co-Directors Banned for 6 Years for Misusing Lloyds Bank Bounce Back Loan for Non-Business Purposes

Jamie Rowatt, the director of KR Clyde Valley Ltd, begins an 11-year disqualification today, June 19, 2025, following his misuse of a £50,000 Lloyds Bank Bounce Back Loan.
Shohid Ahmed, a 40-year-old businessman, has been sentenced to two years in prison for fraudulently obtaining Bounce Back Loans from Santander and Starling Bank. Ahmed deceitfully secured funds meant to support businesses during the COVID-19 pandemic, later attempting to deflect responsibility onto his wife and tenant.
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A director’s failure to provide records on a Bounce Back Loan’s use led to a 5-year ban, leaving its fate a mystery. Learn how this secrecy triggered a lighter penalty. […]
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