Name: Sebastian Mierzwa

Name: PAULLO LTD

Date of Birth: 3 / 9 / 1969

Date Order Starts: 4 / 4 / 2024

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 11352061

Last Known Address: 15 St. James's Square,, , , , LONDON,, SW1Y 4LB

Conduct: Sebastian Mierzwa caused Paullo Ltd (“Paullo”) to apply for and obtain a government backed bounce back loan (“BBL”) of £50,000 to which it was not entitled, by submitting false or knowingly inaccurate information contrary to the terms of the BBL, in that: Paullo applied for a £50,000 BBL on 12 June 2020, declaring turnover of £200,000. Paullo received the £50,000 BBL on 15 June 2020. The BBL scheme enabled a business to obtain a BBL of up to 25% of its turnover for the calendar year 2019, up to a maximum amount of £50,000. Paullo’s accounts for the year ending 31 May 2019 record turnover of £31,733, and its accounts for the year to 31 May 2020 record turnover of £13,600. Paullo’s bank statements record turnover of £25,155 in the 2019 calendar year, which would have entitled it to a bounce back loan of up to £6,289. When Paullo entered liquidation on 9 March 2022, it declared liabilities of £49,400, consisting solely of the BBL. 

This information is correct as at 15 / 3 / 2024

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