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459 directors were disqualified in 2022-23 for abuse of the pandemic financial support schemes, with average disqualification length of seven years four months, up from five years ten months last year.
Lighthouse International Group wound up by the High Court in the public interest.
Director disqualified for seven years after taking out £150,000 loans across separate schemes and failing to show the money was used to support his business.
Bosses of TV rigging services and online fitness companies separately abused Bounce Back Loans totalling £61,000.
Takeaway owner from Oldham and company director from Kings Langley in Hertfordshire falsely claimed Bounce Back Loans totalling around £69,000 before dissolving their companies.
Information for creditors and interested parties of Virtual Infrastructure Group Limited and UKCloud Limited in liquidation.
Director of haulage company fraudulently applied for a £50,000 Bounce Back Loan and then applied to dissolve the company.
Thomas Whyte claimed £50,000 Bounce Back Loan for dormant Scottish restructuring business, and withdrew cash before firm was wound up.
Boss of scaffolding firm claimed £50,000 Bounce Back Loan by inflating company turnover, then transferred funds for personal use.
Following two separate cases brought by the Insolvency Service, two directors were given suspended prison sentences of 20 months and six months respectively.
The website for the 2022 Forward Thinking conference has been updated with the videos of the sessions from the day.
Car dealer, IT consultant, and building contractor separately abused almost £120,000 of the government-backed covid support loans between them.
Darren Baker abused Bounce Back Loan scheme by taking £50,000 loan for his charity that it was not eligible for.
Suffolk director exaggerated the turnover of his Hertfordshire-based business by 5 times the true amount to falsely claim a £50,000 loan
West London clothing trader exaggerated his turnover by more than 10 times the actual amount to falsely claim Covid loan.
Letting agency boss claimed multiple loans totalling £100,000 from two different banks, and attempted to claim a further £50,000 through the scheme
Business consulting boss failed to keep accounts and was unable to account for company’s finances, including income of more than £63,800 and assets of more than £137,000.
Bosses each falsely claimed loans for their companies, taking over £125,000 in taxpayer support that they were not entitled to.
Director of property management companies took three Bounce Back Loans to fund house purchase and cash the sale proceeds.
The winter 2022 edition of our newsletter is available, with articles on how we're supporting customers, helping directors spot signs of insolvency and how we're tackling abuse of covid support.
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