Lloyds

Lloyds Cancels Bounce Back Loan for Unverified Turnover, Ombudsman Dismisses Complaint

Lloyds cancelled a Bounce Back Loan due to unverified turnover for a new business. The Ombudsman dismissed the complaint, upholding the bank’s decision. […]

director Banned for 6 Years for Falsifying Turnover and Misusing Lloyds Bank Bounce Back Loan for Personal Benefit

A director faces a six-year ban after overstating his business turnover to secure a Lloyds Bank Bounce Back Loan and using the funds for personal benefit. […]

Three Directors Banned for 6 Years for Misusing £23,000 and £29,000 Santander and £25,000 Lloyds Bounce Back Loans for Personal Benefit

Three directors have been disqualified for six years after using two Santander Bounce Back Loans (£23,000 and £29,000) and a £25,000 Lloyds Bank Bounce Back Loan for personal benefit during company wind-ups. […]

Director Banned for 7 Years for Failing to Account for £20,000 Lloyds Bounce Back Loan and Covid Grant Usage

A director faces a seven-year ban after failing to maintain accounting records, preventing the Insolvency Service from verifying whether a £20,000 Lloyds Bank Bounce Back Loan and a Covid grant were used for the company’s benefit or if the turnover justified the loan. […]