Phantom company shut down in fraud fear

Sep 27 2008 by Henryk Zientek, Huddersfield Daily Examiner

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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) of the Insolvency Service found that the company, which claimed to trade in waste metal, never carried out any work.

Investigators went to the courts with concerns the firm was only set up to try to swindle 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.”