
Director Banned for 11 Years for Misrepresenting Turnover to Secure £25,000 Santander Bounce Back Loan

A director has been disqualified for 12 years after fraudulently obtaining two Bounce Back Loans from Lloyds and Virgin Money (formerly Yorkshire and Clydesdale Banks) for his single company, violating the single-loan rule. […]
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. […]
A director’s insolvency revealed turnover inflation and misuse of a Barclays Bounce Back Loan, leading to a 10-year ban. Dive into this self-inflicted exposure.
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