Bounce Back Loan Fraud: Hundreds of Directors Disqualified

By Graham | April 21, 2023

A statue of justice holding a sword and scales, symbolizing fairness and equity.

Over the past year, the Insolvency Service has taken action against more than 450 directors for fraudulently taking advantage of the Bounce Back Loan scheme and other Covid support programmes. Despite these efforts, some argue that these measures may not address the issue fully. During the 2022/23 financial year, the Insolvency Service reported a total…

Can’t Repay Your Company’s Bounce Back Loan? See The Options

By Kate | January 19, 2023

Person putting money into blue piggy bank

The government introduced the Bounce Back Loan Scheme (BBLS) – with emergency finance of up to £50,000 without a personal guarantee* – to support eligible businesses through the Covid-19 pandemic. However, since the 12-month payment holiday ended, many companies have experienced cash flow issues, and have been unable make the monthly repayments. If this sounds…