The Insolvency Service has announced that Mehmet Akyuz, a Sussex cafe owner, has received a 20-month suspended prison sentence for fraudulently obtaining £150,000 in bounce back loans (BBL). Akyuz secured three £50,000 coronavirus loans for Green and Hove Limited and Leathers Wear Limited, both dormant companies at the time of application. Akyuz had attempted to strike off one company to avoid loan repayment. The court disqualified him as a company director for five years and ordered 300 hours of unpaid work. The Insolvency Service is pursuing recovery of funds under the Proceeds of Crime Act 2002.

The Insolvency Service has announced director disqualifications against two directors of Sway and Starting Limited, following the company's failure to pay £869,351 in corporation tax and £384,518 in VAT. The directors are both banned from any company management and engagement for four years, effective from March 2025. The Insolvency Service's investigation revealed the company received £4.5m in income between April 2020 and November 2022, while accumulating £2.96m in overdrawn director's loan accounts prior to its December 2022 liquidation.

The Insolvency Service has announced that Daryl Dylan has been disqualified from acting as a company director for seven-and-a-half years for his role in a scheme involving unauthorised banking transactions worth almost £14 million. Dylan directed Oldcocdt Ltd and Oldcostl Ltd, formerly known as C&D Transport Solutions Ltd and Six Ten Logistics Ltd respectively. He allowed unarranged overdrafts on the companies’ Barclays accounts to be used to make net payments totalling more than £1.6 million. Most of those payments were transferred to connected companies controlled by his half-brother, Scott Dylan and associates. Dylan failed adequately to monitor the use of the accounts or ensure that the funds could be repaid to Barclays on demand and failed to exercise the reasonable care, skill and diligence expected of a company director. Barclays obtained freezing orders in September 2021 and demanded repayment of £1,056,970 from Oldcocdt Ltd and £600,114 from Oldcostl Ltd. No repayments were made. Both companies entered liquidation in January 2022. Dylan signed a disqualification undertaking, which was accepted by the Secretary of State for Business and Trade on 17 July 2026. His ban takes effect on 7 August 2026. This disqualification brings the combined period of disqualification secured against the four directors in connection with the scheme to 38 years.

The Insolvency Service has announced Nobleread Ltd which operated NB Construction and NB Wholesale, ordered to close by the High Court due to credit scam orders of various construction goods by the company under each name between February 2021 and April 2021. Given the lack of cooperation, failure to deliver up sufficient accounting records and objectionable trading practices, the High Court agreed that shutting down the company was in the public interest.

The Insolvency Service has announced that Cardiff businesswoman Rupali Wagh was sentenced to two years and three months’ imprisonment on 17 July 2026 after pleading guilty to five counts of fraud relating to fraudulent Bounce Back Loan applications made during the coronavirus pandemic. Following an Insolvency Service investigation, it was established that between May and September 2020 Wagh fraudulently obtained £216,250 in Bounce Back Loans across four companies by inflating business turnover figures, submitting duplicate loan applications for companies that were only entitled to one loan, and making false declarations. According to the Insolvency Service, Wagh transferred much of the loan proceeds into her personal bank account, using the funds to repay personal debts, purchase stocks and shares, and make overseas transfers rather than for legitimate business purposes. During the investigation, Wagh initially attempted to attribute one of the applications to a third party before admitting that she had acted alone. The Insolvency Service is seeking to recover the fraudulently obtained funds under the Proceeds of Crime Act 2002.

The Insolvency Service has reported that Nelson Clark, a 34-year-old taxi driver from Dartford, has been sentenced to two-and-a-half years in prison for fraudulently obtaining £130,000 through three separate bounce back loan (BBL) applications in 2020. Clark was convicted of fraud by false representation after inflating his business turnover figures and misappropriating the funds for personal purposes. Clark had previously been made subject to a 10-year bankruptcy restrictions undertaking in March 2022.

The Insolvency Service has announced that the former director of Greensill Capital (UK) Limited, Greensill Limited and Greensill Capital Pty Limited, Lex Greensill, will be disqualified from acting as a company director in the UK for nine years. The Greensill Group collapsed in 2021 with combined liabilities of more than £1.6 billion. In late 2020, Greensill caused the three companies to enter into transactions with US construction company Katerra that removed legal protections underpinning the Credit Suisse (Lux) Supply Chain Finance Fund’s investment. Greensill also caused or allowed Greensill Capital (UK) Limited to use USD 440 million received in November 2020 for purposes other than redeeming notes owed to the Credit Suisse fund. His conduct constituted a breach of the duty to exercise reasonable care, skill and diligence as a company director under the Companies Act 2006. The Secretary of State for Business and Trade accepted a disqualification undertaking from Greensill, which will take effect on 23 June 2026 and prevent him from acting as a director or being involved in the promotion, formation or management of a company without court permission.

The Insolvency Service has announced that Garry Pettigrew, former director of Healthcare Environmental Services Limited, has been disqualified from acting as a company director for nine years after transferring almost £3 million of company assets to connected companies. Between October and December 2018, Pettigrew transferred assets worth £2.98 million to two companies of which he and his wife were directors. The transfers were made without the consent of Healthcare Environmental Services Limited’s bank, despite advice that consent was required. The company, which provided waste disposal services to the NHS, entered liquidation in April 2019 with debts of more than £15 million. The Court of Session disqualified Pettigrew, barring him from being involved in the promotion, formation or management of a company without court permission until 2035.

The Insolvency Service has announced that Kyle McGinness and Leanne Moynes, directors of YSK Enterprises Ltd, have each been disqualified from acting as company directors for nine years after the company imported 352,688 vapes from China that were mislabelled as medical nebulisers. The shipment was intercepted by Border Force at Harwich in 2023 and HMRC later calculated that the company owed almost £15 million in unpaid VAT and customs duty and a further £437,101 in corporation tax, before entering liquidation in 2024. The Insolvency Service stated that the disqualifications prevent McGinness and Moynes from managing, forming or promoting a company without the court’s permission.

The Insolvency Service has announced the disqualification of two directors of Scotparts UK Ltd for nine years following improper transfers of £342,544 after deciding to cease trading in October 2023. Director Hazel Lamont transferred £194,400 to her daughter and co-director, Nicola Murray, and an additional £148,144 to connected companies. These transfers occurred days after the company received £301,543 from a customer and declared insolvency. All transactions took place between 20–25 October 2023, with no payments being made to creditors. The company entered liquidation in January 2024, owing £916,899. The disqualification undertakings prevent both directors from being involved in the promotion, formation or management of any company, without the permission of the court, until May 2034.

The Insolvency Service has announced the stringent penalties imposed on Zhongqing Li, the former owner of Silver Sea takeaway in Kent, for defrauding and exploiting the Covid-19 bounce back loan (BBL) scheme. Li fraudulently obtained a £50,000 loan in June 2020 for a business that was ineligible under the scheme's terms and following his bankruptcy in June 2024; the Official Receiver uncovered the misappropriation and secured a nine-year bankruptcy restrictions undertaking.

The Insolvency Service has announced that Vincent Christopher Larkin, aged 51, has been disqualified for six years following failure to pay nearly £210,000 of tax. Larkin did not attend court and in his absence was disqualified and also ordered to pay costs of £7,355.80.