Director Banned for 11 Years for Misrepresenting Turnover to Secure £25,000 Santander Bounce Back Loan
BBL Blaggers
Grant Cunliffe of Criffel Construction Banned for 7 Years for Bounce Back Loan Misuse
Grant Cunliffe, director of Criffel Construction, faces a 7-year ban for inflating turnover to secure a £45,000 Bounce Back Loan, with only £4,207 repaid before liquidation, reflecting financial misconduct. […]
BBL Blaggers
Three Sole Traders Face Lengthy Bankruptcy Restrictions for Bounce Back Loan Misuse
Three sole traders have been slapped with bankruptcy restriction orders lasting 7, 10, and 11 years for abusing the UK’s Bounce Back Loan scheme, designed to support businesses during the COVID-19 pandemic. The Insolvency Service uncovered that the individuals either overstated their business turnover to secure larger loans or misused funds for personal expenses, prompting severe penalties.
[…]
BBL Blaggers
Co-Directors Banned 11 Years for £50k Bounce Back Loan Fraud
Two co-directors face 11-year bans for turnover discrepancies and misusing a £50,000 Barclays Bounce Back Loan. Uncover the violations that led to this severe […]