Businesswoman Anna Daroy Disqualified as Director Over Covid Loan Misuse

What's Happening?

Anna Daroy, a prominent businesswoman and former interim Director General of the Institute of Directors, has been disqualified as a company director for 11 years due to misuse of the Bounce Back Loan Scheme. Daroy secured two £50,000 loans for her management consultancy, Globepoint Associates Ltd, in May 2020, despite businesses being entitled to only one loan. The Insolvency Service found that Daroy failed to repay the excess funds, leading to her disqualification. Globepoint Associates Ltd went into liquidation in March 2023 with both loans outstanding. The Secretary of State for Business and Trade accepted Daroy's disqualification undertaking, effective from September 10, 2025.

Why It's Important?

The disqualification of Anna Daroy highlights the importance of adhering to financial regulations, especially during times of economic support like the Covid-19 pandemic. The Bounce Back Loan Scheme was designed to aid struggling businesses, and misuse undermines its purpose. This case serves as a warning to business leaders about the consequences of financial misconduct. It also underscores the role of the Insolvency Service in maintaining economic integrity by investigating and penalizing breaches of conduct. The disqualification protects the public from individuals who demonstrate unfit conduct in business management.

What's Next?

Anna Daroy is banned from involvement in company promotion, formation, or management until September 2036, unless permitted by the court. The Insolvency Service will continue to monitor and investigate similar cases to prevent misuse of financial support schemes. Businesses are expected to adhere strictly to loan terms, and further disqualifications may occur if misconduct is detected. This case may prompt reviews of loan distribution processes to prevent future abuses.