News and communications

Director overstated his company’s turnover to claim the maximum Bounce Back Loan and could not account for how the money was spent

• Updated: 9 May 2024

Founder of Ireland’s Insolvency Service joins the UK Insolvency Service Board as a non-executive member

• Updated: 7 May 2024

Two directors of an industrial laundry installation firm who set up a ‘phoenix’ company while disqualified from running a business have been fined a total of £182,700. 

• Updated: 22 January 2024

Self-employed builder from Hounslow overstated income to claim £50,000 Bounce Back Loan then lost it in scam crypto investment scheme.

• Updated: 5 December 2023

Jonathan Nolan convicted of fraud offences which took place while he was serving a suspended sentence having previously been convicted of a bankruptcy offence.

• Updated: 23 November 2023

Boss of Basildon firm took money for rare coins that were never supplied.

• Updated: 3 October 2023

Boss of Enfield gift company ordered by court to repay more than £43,000 to the public purse

• Updated: 2 October 2023

Glasgow director took millions from investors to invest in US oil and gas company but spent the money.

• Updated: 8 September 2023

First compensation order secured in court to repay taxpayer-backed Bounce Back Loan fraudulently secured during the pandemic.

• Updated: 1 September 2023

Aleksander Staskiewicz overstated his company turnover in order to secure the taxpayer-backed funds.

• Updated: 30 August 2023

New online gateway to help directors of SMEs with business decisions and make sure their companies stay on the right track.

• Updated: 10 July 2023

Two businessmen from East Sussex and Essex falsely claimed maximum £50k Bounce Back Loans and used money for their own gain.

• Updated: 28 June 2023

The Insolvency Service’s policy and technical conference returns for a third year and we’re inviting interested parties to submit abstracts of papers.

• Updated: 23 May 2023

An update on progress for compensation for postmasters subject to bankruptcy orders who are due compensation for losses suffered as a consequence of the Post Office’s Horizon IT system

• Updated: 24 April 2023

The website for the 2022 Forward Thinking conference has been updated with the videos of the sessions from the day.

• Updated: 26 January 2023

Car dealer, IT consultant, and building contractor separately abused almost £120,000 of the government-backed covid support loans between them.

• Updated: 26 January 2023

Suffolk director exaggerated the turnover of his Hertfordshire-based business by 5 times the true amount to falsely claim a £50,000 loan

• Updated: 9 January 2023

West London clothing trader exaggerated his turnover by more than 10 times the actual amount to falsely claim Covid loan.

• Updated: 6 January 2023

Bosses each falsely claimed loans for their companies, taking over £125,000 in taxpayer support that they were not entitled to.

• Updated: 21 December 2022

Engineering firm boss had falsely claimed two Bounce Back Loans and used the £100k for personal gain.

• Updated: 8 December 2022