35% of banned directors abused Covid support

By admin | 27/07/2022
7 out of every 20 UK company directors who were banned during the first four months of 2022 were guilty of fraud or abusing the Government's Covid-19 support schemes

7 out of every 20 UK company directors struck off in 2022 were guilty of abusing the Government’s Covid-19 loan or job support schemes, shocking statistics reveal. Between April and May, the Insolvency Service disqualified around 36 directors following claims of abuse and fraud, which is staggering. Still, many individuals and smaller companies may never…

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