
Director Banned for 10 Years and Settles for £10,000 After Securing £50,000 Metro Bank Bounce Back Loan for Non-Trading Company

A director’s refusal to provide records for a £50k NatWest BBL left unpaid earned a 6-year ban—potentially lenient if more wrongdoing was uncovered. See what was hidden. […]
Sebastian Mierzwa, director of Paullo Ltd, faces a 10-year ban, for exaggerating turnover to obtain a £50,000 Barclays Bounce Back Loan. The disqualification reflects a serious breach of the loan scheme’s terms uncovered during an investigation. […]
Metro Bank’s tantrum over a £10 missed payment default is overruled by the Ombudsman, who orders the Bounce Back Loan reinstated and tells the bank to mature. […]
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