tag:www.gov.uk,2005:/search/news-and-communications 2025-07-18T09:41:42+01:00 HM Government tag:www.gov.uk,2005:/government/news/tomb-raider-video-game-composer-jailed-for-covid-loan-fraud 2025-07-18T09:41:42+01:00

Composer sentenced for Bounce Back Loan abuse following Insolvency Service investigations

tag:www.gov.uk,2005:/government/news/insolvency-service-launches-ambitious-strategy-to-tackle-economic-crime-and-improve-corporate-standards 2025-07-16T12:45:45+01:00

New five-year strategy commits agency to prominent role in fight against economic crime

tag:www.gov.uk,2005:/government/news/birmingham-fraudster-spent-part-of-covid-loan-funds-at-safari-park-restaurants-and-paying-off-personal-credit-card-debt 2025-07-15T12:28:10+01:00

Money from the loans was only supposed to be used for the economic benefit of the business

tag:www.gov.uk,2005:/government/news/uk-based-crypto-business-shut-down-following-worldwide-complaints 2025-07-10T11:07:14+01:00

The Insolvency Service investigated complaints made to Action Fraud from people in Estonia, Mauritania, Iran, New Zealand, Poland and Romania.

tag:www.gov.uk,2005:/government/news/london-building-contractor-banned-as-company-director-and-ordered-to-repay-covid-loan-funds-with-interest 2025-07-01T11:14:08+01:00

Director disqualification and compensation order for Bounce Back loan abuse

tag:www.gov.uk,2005:/government/news/prax-lindsey-oil-refinery-limited-prax-storage-lindsey-limited-and-prax-terminals-killingholme-limited-in-liquidation-information-for-customers-sup 2025-06-30T11:32:33+01:00

On 30 June 2025, a winding-up order was made against Prax Lindsey Oil Refinery Limited, Prax Storage Lindsey Limited, and Prax Terminals Killingholme Limited. The court appointed the Official Receiver, Gareth Jonathan Allen,…

tag:www.gov.uk,2005:/government/news/dubai-based-director-who-falsified-vat-returns-banned-after-his-four-companies-owed-hmrc-more-than-1-million 2025-06-26T14:06:59+01:00

Director submitted falsified documentation to reclaim VAT

tag:www.gov.uk,2005:/government/news/construction-director-sentenced-after-failing-to-explain-almost-500000-worth-of-transfers-out-of-company-account 2025-06-18T14:10:59+01:00

Suspended sentence for director who did not deliver accounting records to the liquidator

tag:www.gov.uk,2005:/government/news/director-of-mobile-phone-shops-given-suspended-sentence-for-150000-covid-loan-fraud 2025-06-13T10:45:37+01:00

Zahid Afzal, of Pembrokeshire, fraudulently claimed extra Covid Bounce Back loans for his phone sales and merchandise companies.

tag:www.gov.uk,2005:/government/news/management-consultant-who-wanted-to-get-as-much-money-as-he-could-banned-as-a-director-for-11-years-after-securing-two-covid-loans 2025-06-11T12:11:26+01:00

Romain McLean, from Brent, exaggerated the turnover of RMC Associates Limited to secure two Bounce Back loans.

tag:www.gov.uk,2005:/government/news/football-betting-firm-boss-banned-after-company-went-into-administration-owing-investors-more-than-10-million 2025-06-10T09:37:14+01:00

The company was making substantial losses when it accepted additional investment from bondholders it was never going to be able to repay

tag:www.gov.uk,2005:/government/news/woman-invented-business-to-claim-covid-loan-then-sent-money-to-poland 2025-06-09T15:49:48+01:00

Jagoda Rubaszko guilty of fraud after inventing a business to apply for a £50,000 Covid Bounce Back Loan which she then sent to bank accounts in Poland

tag:www.gov.uk,2005:/government/news/insolvency-service-appoints-first-dedicated-crypto-specialist-to-help-recover-online-assets-such-as-bitcoin 2025-06-09T13:08:44+01:00

New crypto specialist will help the agency trace rising number of digital assets held by individuals in bankruptcy and criminal cases

tag:www.gov.uk,2005:/government/news/hobbycraft-trading-limited-company-voluntary-arrangement-information-for-employees 2025-06-06T10:10:44+01:00

Hobbycraft Trading Limited entered a Company Voluntary Arrangement on 13 May 2025. The company is continuing to trade as it restructures its operations.

tag:www.gov.uk,2005:/government/news/appliance-servicing-company-which-used-high-pressure-sales-tactics-on-elderly-and-vulnerable-is-shut-down 2025-06-06T00:00:00+01:00

UK Service Plan Ltd pressured elderly people – some of whom had Alzheimer’s and dementia – into service agreements to protect household appliances.

tag:www.gov.uk,2005:/government/news/former-world-darts-champion-rob-cross-banned-as-director-over-unpaid-taxes 2025-06-05T09:31:48+01:00

Darts professional banned after company failed to pay hundreds of thousands of pounds in tax

tag:www.gov.uk,2005:/government/news/insolvency-service-publishes-new-individual-voluntary-arrangement-protocol-to-help-protect-people-in-debt 2025-05-30T14:58:59+01:00

New protocol is the result of the agency working with organisations across the sector to improve support for people considering an IVA.

tag:www.gov.uk,2005:/government/news/highly-deceptive-fraudster-secured-covid-loan-funds-under-his-wifes-name-and-claimed-innocent-member-of-the-public-was-his-boss 2025-05-28T13:20:06+01:00

Bounce Back Loan fraudster also produced false invoice to liquidator

tag:www.gov.uk,2005:/government/news/husband-and-wife-directors-banned-after-taking-payments-for-singing-waiters-when-company-was-insolvent 2025-05-28T10:00:51+01:00

The company continued to take deposits and full payments when it was insolvent

tag:www.gov.uk,2005:/government/news/mum-paid-daughter-almost-200000-in-company-money-from-failing-scottish-machinery-parts-firm 2025-05-23T09:49:38+01:00

The company owed hundreds of thousands of pounds to creditors at the time