What is fraudulent trading?
Fraudulent trading is where a company carries on a business with the intention of defrauding creditors or for any fraudulent purposes.
This applies whether the company is trading, has ceased trading or is in the process of being wound up.
Where can I get more information?
- The Financial Services Authority ("FSA")
- Department for Business, Innovation and Skills ("BIS")
- HM Revenue and Customs ("HMRC")
Should I report to the SFO?
If you suspect fraudulent trading, you should
- Alert the liquidator if applicable,
- The police and
- The Special Compliance Office of HMRC.
If your case of fraud fits the SFO's criteria, then please submit as much information as possible at: https://report.sfo.gov.uk/providing-information-to-the-sfo.aspx or contact us directly through our information hotline on 0207 239 7388.
