PHANTOM MENACE! Investigators feared firm was front for fraud.Byline: By HENRYK ZIENTEK and SAM CASEY News Reporters
INVESTIGATORS have shut down a phantom Huddersfield company amid fears it was being used as a front for fraudsters.
Worldwide Surplus Supplies, supposedly based at Close Hill Lane, Newsome, was compulsorily wound up by the High Court in London after a confidential probe.
The Companies Investigation Branch (CIB CIB
Latin cibus (food) ) of the Insolvency Service The Insolvency Service is an executive agency of the United Kingdom's Department for Business, Enterprise and Regulatory Reform (BERR) which:
Investigators went to the courts with concerns the firm was only set up to try to swindle swindle v. to cheat through trick, device, false statements or other fraudulent methods with the intent to acquire money or property from another to which the swindler is not entitled. Swindling is a crime as one form of theft. (See: fraud, theft) money out of financial organisations.
A spokesman said: "There's no evidence they ever traded a single piece of waste or scrap material.
They don't appear to have traded at all.
"They seem to have been using the company to try to get credit.
The company officers tried time and time again to seek credit from various financial institutions, and that's what we brought to the court."
According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. business records, the company was set up in April, 1989, in Close Hill Lane.
It later listed addresses at tion Street, Meltham, and Green Mount in Moldgreen.
Its last address was a semi-detached house Noun 1. semi-detached house - a dwelling that is attached to something on only one side
dwelling, dwelling house, habitation, home, abode, domicile - housing that someone is living in; "he built a modest dwelling near the pond"; "they raise money to provide homes in Close Hill Lane.
The property is now occupied by a tenant not involved in this investigation.
The Examiner was unable to contact anyone connected with the company yesterday.
The CIB spokesman added that assets claimed to be owned by the company were non-existent.
He added: "They said they had vehicles that carry waste, but there's nothing there.
"In usual circumstances we work on the basis that somebody will contact us and say they have suspicions about a certain company.
"In this particular case Government and non-governmental agencies have taken it on themselves to monitor the situation.
"They then contacted us and said there seems to be something suspicious about this company and we should monitor them.
"The company appears to have tried to exploit people's concerns about the environment to try to claim credit."
Despite repeated attempts, the CIB was unable to contact any of the company officials at any point during the entire 17-month investigation.
It found there was a "general lack of transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending. ," statutory documents were filed late or never and often contained mistakes and financial records were missing.
Officials said if the company remained on the register there was a danger it could be resurrected by fraudsters in future.
The winding-up petition was presented to the court last month. The company was compulsorily wound up on Wednesday.
The CIB spokesman said there were no known victims of the company.
But he added: "It could lead to prosecutions in future if we were able to track down the directors and establish any criminal behaviour."
FEARS: The semi-detached home in Close Hill Lane, Newsome