The previous Director Basic of the Institute of Administrators has been disqualified as an organization director for 11 years after abusing the federal government’s Covid Bounce Again Mortgage scheme.
Anna Daroy, 61, of Abbots Morton, Worcestershire, secured two maximum-value £50,000 loans for her administration consultancy, Globepoint Associates Ltd, in Might 2020 — regardless of companies solely being entitled to 1.
The loans, totalling £100,000, have been obtained inside simply 5 days through the pandemic. Investigators discovered Daroy did not repay one of many loans even after realising the corporate had obtained double the quantity allowed.
Globepoint Associates went into liquidation in March 2023, with each loans excellent.
Daroy, who has loved a 35-year profession advising boards and govt groups in the private and non-private sectors, held senior roles on the Institute of Administrators between 2018 and 2019, first as interim Chief Working Officer and later as interim Director Basic.
She was additionally shortlisted for the Girls’s Enterprise Membership “Businesswoman of the Yr” award in 2024 and has served in management roles at The Chartered Establishment of Water and Environmental Administration and the British Affiliation for Counselling and Psychotherapy.
Regardless of her profession credentials, the Insolvency Service mentioned she had “abused” the emergency mortgage programme.
Insolvency Service: “She ought to have recognized higher”
Kevin Learn, Chief Investigator on the Insolvency Service, mentioned Daroy’s conduct fell far wanting the requirements anticipated of a senior enterprise chief: “Anna Daroy abused the Bounce Again Mortgage Scheme by acquiring two loans when companies have been entitled to only one. When she realised her firm had obtained double the quantity, she ought to have repaid one among them.
Bounce Again Loans have been designed to supply important help to struggling companies through the pandemic, to not be exploited by those that didn’t observe the foundations.
As somebody with such in depth senior enterprise management expertise, Daroy ought to have recognized higher.”
The Secretary of State for Enterprise and Commerce accepted a disqualification endeavor from Daroy earlier this month. Her ban, which took impact on 10 September 2025, prevents her from being concerned within the promotion, formation or administration of an organization till September 2036 with out court docket permission.
The Insolvency Service burdened that director disqualifications are designed to guard the general public from people who’ve proven themselves unfit to handle corporations.
The Bounce Again Mortgage Scheme was launched in 2020 to supply small and medium-sized companies with fast entry to emergency funds of as much as £50,000 to assist them survive the pandemic. It has since been dogged by criticism over widespread misuse and abuse, with billions written off by the federal government as unrecoverable.
Daroy’s case is among the many newest high-profile examples of enforcement motion towards administrators discovered to have damaged the phrases of the scheme.
