TREBLE astronomic abuse of bounce back loans revealed

Real Business Rescue analysed ten years’ worth of data to uncover whether director disqualifications have increased or decreased.

In the financial year 2021/22, a total of 802 disqualification orders and undertakings took place, a 31% decrease on the total number in FY 2011/12 (1,165).

Unfair treatment of the Crown is by far the most common allegation over the last 10 years and is associated with 37% of director disqualifications in FY 2021/22.

The last three months of data also show that at least 125 fraudulent cases of the Buy Back Loan Scheme have been recorded. With each disqualification sentence averaging at eight years per director, these cases account for 1,003 years’ worth of bans.