Lloyds – Bounce Back Loan

Sami Mahfouz, Director of Glut Ltd, Begins 11-Year Ban for Obtaining a £50,000 Second Bounce Back Loan

Sami Mahfouz, director of Glut Ltd, has been banned for 11 years starting today after fraudulently securing a second £50,000 Bounce Back Loan (BBL) despite being eligible for only one. The liquidator reported that Mahfouz failed to clarify the destination of the funds, and the company’s accountant provided no assistance in tracing the money, complicating efforts to resolve the possible misuse of the loan. […]

Kristyana Papa-Adams Gets a 9 Year Ban for Allowing Her Co-Director Blag a £48,750 Bounce Back Loan from Lloyds Bank by Over-Egging the Company Turnover (Papa Adams Ltd)

By allowing the overstatement of the company’s turnover on its application for a BBL, Mrs Papa-Adams allowed Papa to obtain a larger BBL than it was entitled to. […]

Abdulkadir Kocager of Nazar Ltd Receives 7-Year Ban for Withholding Company Records from Liquidators

Abdulkadir Kocager of Nazar Ltd handed a 7-year director disqualification for not supplying accounting records to liquidators of Nazar Ltd, which took a £33,000 Lloyds BBL. […]

Abdulkadir Kocager Receives 7-Year Ban for Failing to Provide Records After His Company Got a £33,000 Bounce Back Loan

Abdulkadir Kocager, director of Nazar Ltd, has been banned for seven years for failing to provide liquidators with accounting records, leaving them unable to assess the company’s financial affairs. The company had received a £33,000 Lloyds Bounce Back Loan before its collapse. […]

Lorence Disha, Director of A. L. HCW Limited, Begins a 10-Year Ban on September 8, 2025, for Inflating His Firm’s Estimated Turnover to Obtain a £50,000 Lloyds Bank BBL and Misusing the Funds

Lorence Disha has been hit with a decade-long director ban starting today. He inflated his company A. L. HCW Limited’s turnover figures to secure a £50,000 Bounce Back Loan from Lloyds Bank, only to misuse the funds for personal gain, leaving creditors high and dry. […]

Rafal Kolodzinski, Director of Collie Build and Design Ltd, Initiates a 9-Year Ban on September 5, 2025, for Inflating His Company’s Turnover to Obtain a £50,000 Lloyds Bank Bounce Back Loan

Rafal Kolodzinski kicks off a nine-year ban today for padding Collie Build and Design Ltd’s books to fraudulently obtain a £50,000 Lloyds BBL. His inflated turnover claims exploited the pandemic support scheme, undermining trust in emergency lending. […]

Spencer Cuckney, Director of Nxtgen Health Coach Ltd, Starts a 10-Year Ban on September 1, 2025, for Overstating His Permissible Estimated Turnover to Obtain a £50,000 Lloyds Bounce Back Loan

Spencer Cuckney begins a 10-year director ban today after exploiting the self-estimation rules to overstate Nxtgen Health Coach Ltd’s turnover and clinch a £50,000 Lloyds BBL. […]

Eisa Nawab, Director of Amkah Ltd, Begins a 10-Year Ban on August 28, 2025, for Overstating His Company’s Permissible Estimated Turnover to Secure a £50,000 Lloyds Bank Bounce Back Loan

Eisa Nawab starts his 10-year ban today for twisting the estimation guidelines to hype Amkah Ltd’s turnover and bag a £50,000 Lloyds BBL. The ruling serves as a warning to those who pushed the boundaries of the government’s fast-track lending scheme. […]

Gheorghe Rusu, Romanian Director of Girusir Ltd, Starts a 10-Year Ban on August 26, 2025, for Fraudulently Obtaining a £50,000 Lloyds Bank Bounce Back Loan by Exaggerating His Company’s Turnover

Gheorghe Rusu faces a 10-year director blackout starting today after inflating Girusir Ltd’s turnover to deceitfully obtain a £50,000 Lloyds BBL. The fraud case adds to the tally of directors caught in the UK’s BBL crackdown. […]

Jon Paul Soden-Geer and Michael John Geer, Directors of Freecom Internet Services Limited, Awarded Identical 7-Year Bans for Diverting a £110,000 Funding Circle CBILS Away from Repaying the Firm’s £50,000 Lloyds Bounce Back Loan

Jon Paul Soden-Geer and Michael John Geer both start seven-year bans for diverting a £110,000 CBILS from Funding Circle away from repaying Freecom Internet Services Limited’s £50,000 Lloyds BBL. […]