Special Reports – Page 3 – Bounce Back Loan

Paul Flowers, Ex-Co-op Bank Chairman Dubbed “Crystal Methodist” for Drug Scandals, Jailed for Fraud

Paul Flowers, former Co-op Bank chairman infamous as the “Crystal Methodist,” lands in jail for fraud, adding to his notorious legacy. […]

Complete List of Companies Liquidated by Barclays in High Court and Amounts Recovered by Lord Agnew’s Bounce Back Loan Debt Collectors from Directors

Uncover the full list of companies Barclays forced into liquidation and the sums Lord Agnew’s debt collectors extracted from their directors for Bounce Back Loan defaults. […]

HMRC Tax Crackdown: Online Sellers Earning Over £1,700 in 2024 Face New Reporting Rules

Chancellor Rachel Reeves’ tax reforms mean online sellers earning £1,700+ or selling 30+ items in 2024 will receive HMRC reporting notices from platforms, tightening scrutiny on digital income. […]

Home Office Under Fire as BBL-Linked Businesses Face Raids and Fines for Illegal Hiring

As raids on Bounce Back Loan-recipient businesses surge, Home Secretary Yvette Cooper faces criticism for failing to curb directors dodging fines and defaulting on BBLs while hiring illegal workers. […]

Ex-Conservative Police, Fire and Crime Commissioner Stephen Mold, Ousted in Disgrace Over Misogynistic Remarks, Brings in Liquidators for His Firm, Seemingly Set to Default on a Barclays Bounce Back Loan

Disgraced ex-Commissioner Stephen Mold liquidates his firm, likely defaulting on a Barclays Bounce Back Loan, compounding his controversial exit. […]

Metro Bank Hit with £16m FCA Fine for Financial Crime Failures, Echoing Starling Bank’s Woes

Following Starling Bank’s misconduct scandal and CEO exit, Metro Bank faces a £16m FCA penalty for financial crime lapses, underscoring ongoing regulatory challenges in the banking sector. […]

Chancellor Reeves’ New Asset Confiscation Team Targets Fraudsters to Recover Taxpayer Funds

Rachel Reeves’ Budget introduces a well-funded “Asset Confiscation Enforcement Team” to support the Serious Fraud Office in seizing assets and recovering funds lost to Bounce Back Loan fraud. […]

Traffic Commissioner Rejects TSAC Ltd’s Licence After Romanian Director’s Bounce Back Loan Fraud Exposed

Kevin Rooney, Traffic Commissioner, denied TSAC Ltd’s operator’s licence after uncovering that Romanian director Stefan Tamaianu inflated turnover to secure a Bounce Back Loan, spotlighting fraudulent tactics in the transport sector. […]

Companies House Unveils Reforms to Combat Bounce Back Loan Scheme Abuse

Companies House’s “Strategic Intelligence Assessment” outlines plans to modernize and prevent system abuse, revealing how directors exploited the Bounce Back Loan scheme and proposing tougher oversight. […]

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. […]