Special Reports

Insolvency Service Confirms BEIS’s Odd Rule Under Kwasi Kwarteng: 8-Year Ban for Overstating BBL Turnover by Over 25% of Allowed 25% During Insolvency

BEIS’s strange rule, backed by Kwasi Kwarteng, slaps 8-year bans on directors for exaggerating BBL turnover during insolvency. We dissect this bizarre policy. […]

Chigwell Financial Consultant Banned for 11 Years for Misusing £45,000 Bounce Back Loan on Cryptocurrency

A Chigwell-based financial consultant has been banned for 11 years for using a £45,000 Bounce Back Loan to invest in cryptocurrencies. The disqualification reflects misuse of funds intended for business support. […]

Comprehensive Guide to Director Disqualifications, Featuring New Category for Abusing Bounce Back Loan, CBILs, and CLBILS Schemes

Our guide explains director disqualifications, spotlighting the new category for BBL, CBILs, and CLBILS abuse. Stay informed on these critical penalties. […]

22,000 Duplicate Bounce Back Loans Issued, But Banks Are Protected by Government Guarantee Coverage

Over 22,000 duplicate BBLs were issued, yet banks remain shielded by guarantees. We explore this massive oversight and its implications. […]

British Business Bank Warns Those Who Used Dormant Off-the-Shelf Companies to Secure Bounce Back Loans to Reconsider Their Actions

The BBB cautions those who used dormant companies to snag BBLs to rethink their choices. We dive into the risks of this shady tactic. […]

Over £240 Million in BBL Government Guarantees Revoked, Leaving Lenders in Panic Over Handling Affected Loans

Lenders lost £240M in BBL guarantees and are freaking out about next steps. We examine the chaos and what it means for borrowers. […]

NatWest Welcomes My Fireside Chat on BBL Customer Support, Joined by Business DebtLine and FSB at Their London Offices with Camera Crew

I brought a camera crew to NatWest’s London HQ for a fireside chat on BBL support, joined by Business DebtLine and FSB. Here’s what we discussed. […]