Most common fraud
Scammers file false documents at Companies House aiming to improve their credit rating.
The use of fake identity of another person in order to obtain goods/money.
Long firm fraud.
Scammers set up a business to in order to obtain monies via fraudulent means.
How can companies protect themselves?
Best advice being, always check out the company you are dealing with. The Internet provides access to information regarding each company.
Ten rules to make sure you are not the next corporate fraud victim.
1. Companies House store public files but, do not have any investigatory authority.
2. Verify all information given to you by a company.
3. Be aware of all communication via Hotmail, Gmail and Yahoo accounts.
4. Make sure the company's address is not a virtual office.
5. Check the VAT number is valid.
6. Check out the company's website reveals all contact information correctly.
7. Be aware of any company using a residential address for ant form of mail order.
8. Be aware of newly formed companies via holding companies.
9. Never place an order without checking any Internet reviews about such company.
10. Use more than one form of contact. Postal, Email or Telephone.