
Three Sole Traders Banned for Bounce Back Loan Misuse, Including Car Purchase

A director faces an 11-year ban for inflating turnover to secure a £50,000 Bounce Back Loan when entitled to only £4,760, transferring the funds to himself, resulting in severe penalties. […]
A prominent Sheffield-based refugee and human rights activist has been disqualified for 10 years after exaggerating her company’s turnover to obtain a £50,000 Bounce Back Loan from NatWest. […]
Chester Reed, director of Chester’s Car Centre Ltd, has been disqualified for six years for transferring a £50,000 Barclays Bounce Back Loan to himself. Barclays’ winding up of the company in the High Court led to the ban. […]
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