Three companies—Yunma Tianlong International Consulting Co., Limited, Busy Secretary Service Limited, and J&C Business (UK) Co., Limited—have been wound up after providing unregulated company registration services to over 11,000 UK businesses primarily for Chinese clients. The firms operated without registration as trust and company service providers (TCSPs), bypassing anti-money laundering checks and creating a false impression of genuine UK business presence. The Insolvency Service and Companies House took action to protect the integrity of the Companies House register, which was abused by these entities. Over half of their client companies faced enforcement actions, with some already dissolved. The companies lacked operational offices in the UK, with one address linked to 8,500 registered companies. Investigations revealed dormant accounts filed despite indications of active trading and non-compliance with data protection rules. The Official Receiver will manage the liquidation process.
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Summary adapted from content licensed under the Open Government Licence v3.0.
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Original source: https://www.gov.uk/
https://www.gov.uk/government/news/uk-business-factory-linked-to-registration-of-thousands-of-companies-for-china-based-clients-is-shut-down
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