Lloyds – Page 8 – Bounce Back Loan

Leszek Marek Ornoch of Extraspaceuk Ltd Banned for 9 Years for Fraudulently Securing £50,000 Lloyds Bank Bounce Back Loan, Settles for £8,000

Leszek Marek Ornoch, a Polish director of Extraspaceuk Ltd, faces a nine-year ban for fraudulently obtaining a £50,000 Lloyds Bank Bounce Back Loan. […]

Lloyds Bank Forces Customer to Use Servicing Account for Bounce Back Loan Repayments, Denying Simpler Option, Ombudsman Upholds Bank and Dismisses Complaint

Lloyds Bank required a customer to use a servicing account for Bounce Back Loan repayments, rejecting a simpler payment method from a new account. […]

Tahira Riffat of TRZ Limited Banned for 9 Years for Falsely Claiming £250,000 Turnover to Secure £50,000 Lloyds Bank Bounce Back Loan and Top-Up

Tahira Riffat, director of TRZ Limited, faces a nine-year ban after claiming a £250,000 turnover, when it was £103,325, to secure a £45,000 Lloyds Bank Bounce Back Loan and a £5,000 top-up. […]

Iain and Alexander Kiy of Hobbies Online Limited Banned for 5 and 4 Years for Failing to Repay £50,000 Lloyds Bank Bounce Back Loan Post-CBILS

Iain and Alexander Kiy, directors of Hobbies Online Limited, face five and four-year bans for not repaying a £50,000 Lloyds Bank Bounce Back Loan after securing a £125,000 Funding Circle CBILS loan, as required. […]

Inside Lloyds Bank’s High Court Battles: A Judge Grants Access to Report on Alleged Bounce Back Loan Misconduct Cases

A judge has permitted observation and reporting on Lloyds Bank’s High Court cases involving companies accused of Bounce Back Loan misconduct. These proceedings reveal how the bank is pursuing legal action against businesses suspected of defrauding the government-backed loan program. […]

Ummal Sultan, director of Ummal Occupational Consultancy Limited, faces an 11-year ban for overstating his company’s estimated turnover to secure a £50,000 Lloyds Bank Bounce Back Loan, transferring funds to himself, a relative, and a third party, and buying an electric scooter.

Read on for details of this case, including the Electric Scooter. […]

Martin John Ferguson of MF Plumbing And Heating Limited Banned for 9 Years for Falsifying Turnover to Secure £50,000 Lloyds Bank Bounce Back Loan

Martin John Ferguson, director of MF Plumbing And Heating Limited, faces a nine-year ban, starting October 25, 2024, after overstating his company’s turnover to secure a £50,000 Lloyds Bank Bounce Back Loan. […]

NatWest Joins Barclays, Lloyds, and Starling in High Court Push to Wind Up Companies with Government-Backed Loans – Is Your Business on the List?

NatWest has filed a series of High Court winding-up petitions targeting companies suspected of misusing government-backed loans, following similar moves by Barclays, Lloyds, and Starling Bank. With a surge in recent filings, businesses are urged to check if they’re named in these legal actions, as the clampdown on loan misconduct intensifies. […]

Lloyds Ordered to Pay Compensation for Faulty System Logging Bounce Back Loan Defaults, Ombudsman Upholds Complaint

HLloyds’ defective credit reporting system repeatedly logged a non-defaulted Bounce Back Loan as defaulted, requiring manual fixes. The Ombudsman upheld the complaint, ordering compensation for the error. […]

Ansarul Hoque of Indian 109A Ltd Banned for 5 Years for Failing to Account for £50,000 Lloyds Bank Bounce Back Loan

Ansarul Hoque, director of Indian 109A Ltd, faces a lenient five-year ban after failing to explain to the liquidator the usage of a £50,000 Lloyds Bank Bounce Back Loan. […]