Natwest – Page 2 – Bounce Back Loan

Miriam Nnenna Oji, Miles Professional Health Services Limited Director, Faces 12-Year Ban Starting June 23, 2025, for Misusing £50,000 NatWest BBL

Miriam Nnenna Oji, director of Miles Professional Health Services Limited, begins a 12-year disqualification today, June 23, 2025, following her misuse of a £50,000 NatWest Bounce Back Loan. The loan, obtained for a company that was not trading, was improperly transferred to third parties, offering no benefit to the business. This ban underscores serious breaches of financial conduct. […]

Nigel Herburt Foreman, Director of IQ MM Limited, Begins 10-Year Ban on June 20, 2025, for Inflating Company Turnover to Secure £50,000 NatWest Bounce Back Loan

Nigel Herburt Foreman, director of IQ MM Limited, has been disqualified from acting as a company director for 10 years, effective June 20, 2025, following an investigation by the Insolvency Service. […]

Kazimieras Urnieza, Director of Keravuok Ltd, Receives 10-Year Ban Starting June 18, 2025, for Inflating Turnover to Secure £50,000 NatWest Bounce Back Loan

Kazimieras Urnieza, director of Keravuok Ltd, has been banned from acting as a company director for 10 years, effective June 18, 2025, after falsifying the company’s turnover figures to fraudulently obtain a £50,000 Bounce Back Loan from NatWest. […]

Hafiz Bilal Butt, Director of Sobsab Limited, Faces 6-Year Directorship Ban for Non-Compliance with Liquidator

Starting 2 June 2025, Hafiz Bilal Butt, director of Sobsab Limited, is subject to a six-year directorship ban. The penalty was imposed due to his failure to cooperate with a liquidator investigating the transfer of most of a £50,000 Bounce Back Loan to a third party, raising concerns about the misuse of funds intended for the company’s benefit. […]

Rico Iheagwara, Director of SJR Recruitment Limited, Receives Suspended Sentence and Community Service for Fraudulent BBLs

Rico Iheagwara, director of SJR Recruitment Limited, has been sentenced to 18 months in prison, suspended for 18 months, and ordered to complete 120 hours of unpaid work after fraudulently obtaining two Bounce Back Loans from Starling Bank and NatWest for his company. […]

Carl Michael Regan, Director of Fits Perfect Limited, Begins 10-Year Directorship Ban for Securing £30,000 NatWest Bounce Back Loan with Ineligible Business

Carl Michael Regan, director of Fits Perfect Limited, has been handed a 10-year directorship ban, effective May 16, 2025, for fraudulently obtaining a £30,000 NatWest Bounce Back Loan. The ban follows findings that Regan’s business was not trading and thus ineligible for the loan, underscoring ongoing efforts to address fraudulent claims within the Bounce Back Loan scheme. […]

London High Court Orders Spain-Based Director Joseph Harrison to Repay £38,295 for Fraudulent BBL and Imposes 12-Year Directorship Ban

Joseph Harrison, former director of South East Commercials Ltd, now residing in Spain, has been ordered by London’s High Court to repay £38,295 obtained through a second Bounce Back Loan (BBL) deemed fraudulent. The court also imposed a 12-year directorship ban, citing his exploitation of a lenient BBL lending process. […]

NatWest Customer’s Plea to Personally Repay Company’s BBL Denied After Account Closure and Default, Ombudsman Rejects Complaint Citing Business Cessation

A NatWest customer, struggling to personally settle his limited company’s Bounce Back Loan (BBL), faced a harsh setback when the bank closed his account and marked the loan as defaulted. Claiming unfair treatment, he escalated the issue to the Financial Ombudsman Service. However, the Ombudsman dismissed his complaint. […]

Liam Hennessey, Director of Nero Plant Limited, Faces 11-Year Ban for Fraudulently Securing £50,000 NatWest Bounce Back Loan Despite £3,262.50 Eligibility

Liam Hennessey, director of Nero Plant Limited, has been banned for 11 years after fraudulently obtaining a £50,000 Bounce Back Loan from NatWest. […]

Musaffa Wadood Chowdhury, MC Advice Limited Director, Disqualified for 11 Years for Fraudulently Obtaining a Second £50,000 Bounce Back Loan

Directors who applied for Bounce Back Loans for ineligible firms face disqualification for defrauding the government’s support scheme. […]