July 28, 2021

Companies House under fire as fake firms get seal of approval for just £12 | Business

Lansdowne Crescent in Bournemouth is an unlikely place for the super-rich to base their new investment firm. Takeaway joints and noodle bars litter this corner of the town centre. Supercar dealers less so.

But here lies the HQ of Grantedge Trading Investment. Registered at the same address as Mail Boxes Etc, the financial platform promises returns of up to 3.4 per cent to its customers within six days.

Grantedge’s promotional video on YouTube invites would-be clients to “check the licence page” on the Companies House website, where the incorporation document reveals the band of billionaires apparently behind the business.

Chemicals tycoon Sir Jim Ratcliffe and Lakshmi Mittal, the metals baron, are listed as shareholders. So are the Norwegian shipping magnate John Fredriksen and Alice Walton,

Read full article here: www.thetimes.co.uk