Companies House failed to spot a £100 trillion fake company
We've created an automated search tool that crawls Companies House data to find companies with fraudulent accounts. It's found hundreds of dubious companies, the worst of which claims £100 trillion of assets.
Our findings suggest that Companies House is asleep at the wheel. But they also show that it would be straightforward to clean things up, and stop the widespread abuse of UK companies by international fraudsters.
We’ll be publishing further findings over the next few days, and then publishing our search tool for everybody to use.
Definitely get the fraudsters. I help run a number of small not for profit companies. Getting annual accounts and director changes etc is real hard work for volunteers, and even the small fines for late filing of accounts hurt. Reading this makes me very cross.
Freudian slip or typo it matters not - suspect Companies House already have tools crawling data
Thank goodness for DN and all TPA teams who know how to trawl efficiently & effectively for fraud.