Santander – Page 2 – Bounce Back Loan

Nikolay Hristov Kolev, Director of Kaicony 2 Limited, Banned for 9 Years Over Misstated Turnover for Santander Loan

Nikolay Hristov Kolev, a Bulgarian director of Kaicony 2 Limited, has been handed a nine-year directorship ban starting 2 June 2025. The ban stems from his significant overstatement of the company’s turnover to obtain a £50,000 Santander Bounce Back Loan, violating the terms of the loan scheme designed to support businesses. […]

Raymond Stalker, Director of Mechanics Manchester Limited, Receives 3-Year 6-Month Ban for Failing to Register for VAT After Securing £49,311.38 Santander Bounce Back Loan

Raymond Stalker, director of Mechanics Manchester Limited, has been banned for 3 years and 6 months for failing to register his business for VAT, a legal requirement. The company had taken out a £49,311.38 Bounce Back Loan from Santander […]

Shkelzen Gashi, Smart Tyres Services Ltd Director, Receives 10-Year Ban for Securing £50,000 Santander Bounce Back Loan with Falsified Turnover Claims

Directors who falsified records to obtain Bounce Back Loans face Insolvency Service bans for exploiting the pandemic-era scheme. […]

Martin James Smith, Dead Vibey Leisure Limited Director, Disqualified for 8 Years for Fraudulently Obtaining a Santander Bounce Back Loan

The Bounce Back Loan scheme’s vulnerabilities led to fraud, with directors now disqualified for falsifying eligibility claims. […]

Brendan Lynch, BL Construction Services Ltd Director, Disqualified for 9 Years for Grossly Overstating Turnover to Secure £50,000 Santander Bounce Back Loan

Directors who used Bounce Back Loans to fund unrelated businesses face disqualification for violating scheme rules. […]

Lenders’ Red Flags: Signs Your Bounce Back Loan Lender Suspects Fraud – Read the Letters You’ll Get Sent If You Are on their Radar

Uncover the warning signs lenders use to spot Bounce Back Loan fraud and what their demand letters reveal about suspected misconduct. […]

Mirpacha Hajy Pachamir, Ride Solutions Ltd Director from Afghanistan, Banned for 10 Years for Overstating Turnover to Obtain £50,000 Santander Bounce Back Loan

Bounce Back Loan fraud has led to directors being barred from managing companies due to falsified applications. […]

Santander Ordered to Pay Compensation for Wrongly Taking Full Bounce Back Loan Repayments Under Interest-Only PAYG Option, Ombudsman Upholds Complaint

Santander incorrectly deducted full repayment amounts from a customer on an interest-only Bounce Back Loan PAYG option. The Ombudsman upheld the complaint, ordering compensation for the unauthorized deductions. […]

Caroline Anucha, Director of CA Marketing Solutions Ltd, Begins 10-Year Ban for Inflating Turnover by Over 35 Times to Secure £50,000 Santander Bounce Back Loan

Directors who misrepresented business eligibility for Bounce Back Loans risk bans for violating loan conditions. […]

Baboucar Jack, Director of Essentials Trading UK Ltd, Starts 10-Year Ban for Overstating Turnover by Over 12 Times to Fraudulently Obtain £50,000 Santander Bounce Back Loan

The Bounce Back Loan scheme’s vulnerabilities enabled fraud, with directors disqualified for falsifying application details. […]