The Insolvency Service has reported that, Rian O'Keeffe, aged 28, has been sentenced to 18 months in prison, suspended for two years for falsely stating a £312,000 turnover for a company that does not exist to secure a bounce back loan (BBL) in July 2020. O'Keeffe then used the funds for general living expenses where he made more than 150 transfers to two personal accounts between August and October 2020. Furthermore, O'Keeffe was declared bankrupt in November 2021 and accepted a 12-year bankruptcy restrictions undertaking in October 2022.

The Insolvency Service has reported that Emra Kayam, director of a fruit and veg retailer, has been disqualified for seven years after improperly investing more than half of a bounce back loan (BBL) on the stock market when it should have been used for his business. Kayam also transferred part of the loan to his personal bank account and said he used some of the funds to repay debts to his friends. Kayam's ban started on 30 April 2024.

The Insolvency Service has reported that David Elderkin and Jennifer Elderkin, directors of Fowey River Limited, have been disqualified for a combined 12 years. This comes after David overstated the annual turnover of the company by £180,000 to secure a £50,000 Bounce Back Loan (BBL) and Jennifer allowing the payments to be used for their personal benefit. David and Jennifer are banned for eight and four years respectively. Both their bans started on 1 May 2024.

The Insolvency Service announces the prosecution of a Berkshire-based director for fraudulently obtaining two separate bounce back loans (BBLs) to the value of £100,000 by substantially overstating the company's turnover. Arti Deda, of Knight Workers Limited, was sentenced to two and a half years' imprisonment and disqualified as a company director for ten years. The BBL funds secured by Deda were misappropriated and transferred to third parties and associates; instead of being used for the company's benefit.

The Insolvency Service has reported that video game composer and sound designer Peter Connelly has been sentenced to 16 months in prison for fraudulently obtaining a second coronavirus bounce back loan (BBL). Connelly, who had already secured a legitimate loan of £22,000, inflated his company’s turnover from £58,000 to £150,000 during the pandemic to secure an additional £37,500. Connelly has also been disqualified as a company director for six years and entered an Individual Voluntary Arrangement (IVA) in June 2022 which remains active.

The Insolvency Service has reported that Felix Milton has been disqualified from acting as a company director for 15 years, following a High Court hearing on 4 November 2025. Milton submitted falsified bank statements for his company, The Nameless Ltd, altering documents to show balances of £7.6m when the actual balance was £3.20. This enabled him to obtain a £150,000 government-backed Recovery Loan Scheme loan. He also secured a £179,444 VAT refund from HM Revenue and Customs (HMRC) using falsified statements and fake purchase invoices, and attempted to claim a further £4.3m in VAT refunds before HMRC detected the fraud. The disqualification order took effect on 25 November 2025, and Milton was ordered to pay £10,826 in costs. The order prevents him from being involved in the promotion, formation or management of a company without court permission until November 2040. Further Insolvency Service enquiries into Milton are ongoing.

The Insolvency Service has reported that the director of a data processing and equipment sourcing business, Richard Oliver, has been disqualified for the maximum period (15 years) after obtaining £145,000 in coronavirus (COVID-19) support scheme funds his business was not entitled to.

The Insolvency Service has reported that director of Derby-based investment company, Andrew Paul Bird, has been handed 15 years of bankruptcy restrictions—the maximum amount—after he knowingly misled people into investing money into a fraudulent investment scheme.

The Insolvency Service has reported that a Derby-based business consultant, Imran Mushtaq, has been sentenced to 20 months in prison, suspended for 22 months, for fraud related to two Bounce Back Loans (BBL). Mushtaq, the sole director of IZ Business Consultants Limited, has pledged to repay the £100,000 he fraudulently secured.

The Insolvency Service has reported on a Sussex director who has been sentenced for fraud and failing to keep accounting records. Lee Walkey fraudulently used more than £21,000 from a Covid Bounce Back Loan for his own personal use. Walkley also encouraged someone he knew to invest more than £7,000 in a proposed footgolf course in Crawley he did not have permission to create. Walkley is sentenced for fraud by false representation, contrary to sections 1 and 2 of the Fraud Act 2006 and failing to keep accounting records, contrary to section 387 of the Companies Act 2006

William Paul Glen Haynes (61), from Bath, appeared at Bristol Crown Court on 13 April 2022, where he was charged with three counts against the Insolvency Act 1986 after he concealed a property in Spain and €97,000 from his trustee in bankruptcy. Haynes received a 16-month sentence (suspended for 12 months) from Judge Picton and was ordered to complete 100 hours unpaid work and pay costs of £4,960 within 12 months.

The Insolvency Service has reported that two directors of an industrial laundry installation have been convicted and fined by the Bradford Crown Court. Colin Marsh and Robert Farrell of Halifax were sentenced for acting as directors while disqualified and using a prohibited company name in February 2022. A further investigation was carried out by the Insolvency Service’s Financial Investigation Unit in December 2023. Senior Accredited Financial Investigator, Alexander Grierson, said that the pair had 'abused the insolvency regime when they incorporated an almost-identical second company while they were in the throes of winding-up the first failed business.' Marsh was ordered to repay £133,000 within three months or face 18 months in prison and Farrell was ordered to pay approximately £49,700 within three months or face nine months in prison.