Starling – Bounce Back Loan

Ashfaq Shaikh, Director of Double Anchor Limited, Receives 10-Year Ban Starting June 27, 2025, for Misrepresenting Turnover to Secure £50,000 Starling Bank BBL

Ashfaq Shaikh, director of Double Anchor Limited, has been banned from acting as a company director for 10 years, effective June 27, 2025, after he was found to have deliberately overstated his company’s turnover to obtain a £50,000 Bounce Back Loan (BBL) from Starling Bank. Despite being permitted to estimate turnover, authorities determined that Shaikh knowingly provided inaccurate figures, misrepresenting the financial position of his business to secure the loan. […]

Sobia Mehmood, Ecie One Limited Director, Begins 10-Year Ban on June 23, 2025, for Misrepresenting Turnover Used to Get a £50,000 Starling Bank BBL

Sobia Mehmood, director of Ecie One Limited, starts a 10-year disqualification today, June 23, 2025, after securing a £50,000 Starling Bank Bounce Back Loan by exaggerating her company’s estimated turnover. […]

“Carl Barnes of Central Plumbing & Heating Lincoln Ltd Hit with 11-Year Ban for Fraudulent £47,500 BBL from Starling Bank

Carl Barnes, director of Central Plumbing & Heating Lincoln Ltd, has been banned from serving as a company director for 11 years after securing a £47,500 Bounce Back Loan from Starling Bank through fraudulent means. Barnes misrepresented his company’s financial status, claiming a turnover of £340,000 during the application process, when in reality, the business had no turnover at all.
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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. […]