Name: SERINA BHANDAL

Name: LYONS YOUNG LIMITED

Date of Birth: 21 / 6 / 1985

Date Order Starts: 23 / 10 / 2026

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 10941573

Last Known Address: 129 WOOLWICH ROAD, , , , LONDON, SE2 0DW

Conduct: On 09 May 2020, Mrs Serina Bhandal ("Mrs Bhandal") caused Lyons Young Limited ("LYL") to apply for a Government backed Bounce Back Loan ("BBL") in the sum of £50,000 when she knew or ought to have known that LYL was not eligible for a loan of that amount, by declaring inaccurate information relating to its turnover. In that: • LYL was incorporated on 01 September 2017 and began trading on the same day. • Where a business was established before 01 January 2019, a business could apply for a loan of between £2,000 and £50,000 under the BBL scheme subject to a maximum of up to 25% of the business' turnover for the calendar year ended 31 December 2019. • The BBL application submitted on behalf of LYL by Mrs Bhandal on 09 May 2020 declared that its turnover for 2019 was £200,000 and applied for a BBL in the sum of £50,000. • The bank statements for LYL's business account show that for the calendar year 2019 LYL received total receipts of £62,847.88. • LYL's year end 30 September 2019 accounts shows that LYL's turnover was £55,513. LYL's turnover for year end 30 September 2020 was £48,525. • A turnover of £62,847.88 would have entitled LYL to a maximum BBL of £15,711.97 not the £50,000 that it received. By overstating turnover in its BBL application, LYL received £34,288.03 more in BBL funds than it was entitled to receive. • The Bank has submitted a proof of debt in LYL's liquidation in respect of the outstanding BBL in the sum of £41,241.19. • LYL's BBL account shows an outstanding balance of £41,266.55. 

This information is correct as at 5 / 10 / 2026

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