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Officers visited eleven addresses where 30 high risk trust and company service providers operated. They identified that no real business activity was taking place, and that company formation agents had failed to comply with relevant requirements under the Companies Act.
In one example, a company registered between 4,000 and 5,000 businesses at an address in London. The businesses, however, were based in other parts of the UK and, in some cases, overseas.
As a result of the multi-agency effort, key individuals involved in company formation have been barred from making further registrations, criminal referrals have been made to the Insolvency Service, three︀ high risk trust and company service providers are to be closed, with a further 27︁ facing enforcement action, and significant criminal property has been identified for law enforcement civil recovery︂ action.
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Why is this a problem all of sudden I wonder......lol.
P.S Would love to know which providers were affected ns2
