A West London company director has been banned from running companies for 11 years and ordered to repay thousands after fraudulently securing a government-backed Covid support loan. Tahir Haq, sole director of Integral Maintenance Team Ltd,...
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An ex-electrician faces over a decade of constraints after a significant misuse of a pandemic aid scheme meant to assist businesses through tough times. Andrei Adrian Moise, a 35-year-old from Mitcham, Surrey, secured a Bounce Back Loan of £45,000...
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The Insolvency Service has taken robust action against company directors who misused COVID-19 financial support schemes, banning 831 directors in the 2023-24 financial year. This represents an increase of over 80% from the previous year. The...
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Jacob Isaacs & Co Ltd, incorporated in August 1998 and classified as being in the wholesale trade was run by Isaac Jacobson, 51, from Salford until it was liquidated in July 2017. As part of the liquidation, the Insolvency Service...
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Car dealer John Brian Capper from Shipley, West Yorkshire, has been sentenced to an 18-month community order, including 250 hours of unpaid work, after failing to provide books and records when his company was wound up due to alleged tax liabilities...
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Claims for financial support may be deemed fraudulent if the company was already in trouble when making claims and then later enters into an insolvency process. Insolvency practitioners (IPs) have been advised to remain alert to potentially...
Read more...Pauline Muldowney, from Southend, also known as Pauline Gopee, was disqualified for 12 years on 7 December 2018 at the High Court of Justice. The court heard that Pauline Muldowney was the sole formally appointed director of Pangold Investments...
Read more...Five companies carrying out an investment plan get shut down after promising high-value truffles for commercial sales. In London, on 12th October 2018 Viceroy Jones New Tech Ltd, Viceroy Jones Overseas PCC Limited, Westcountrytruffles Limited,...
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Isobel Brett provides comment for Financial Accountant on bounce back loans
Posted By: Bretts Business Recovery Ltd on 19th March 2024
Isobel Brett was featured in a recent article in Financial Accountant looking at the worrying number of bounce back loans issued to struggling SMEs by the Government, which may never be re-paid or were potentially mis-used. The article considers...
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