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News – 19.12.24
Buzzacott advises Rose Street Partners on its investment in Kenwood Damp Proofing PLC
Discover how Buzzacott supported Rose Street Partners on its investment in Kenwood Damp Proofing PLC … Read more
Insight – 18.12.24
Start-up guide: Everything you need to know about Tronc schemes to set your new hospitality business up for success
One challenge for new hospitality businesses is the management of tips and service charges. … Read more
Upcoming event – 16.01.25
VAT on Private School fees training
This in-depth, interactive training seminar is designed to provide school administrators, bursars, finance officers, accountants, and trustees with tailored support and expert insights on the practical implementation of VAT. … Read more
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enquiries@buzzacott.co.uk T +44 (0)20 7556 1200
Corporate identity theft involves fraudsters stealing information about a business and using it for their own financial gain. Criminals may hijack a company by fraudulently changing the name or details of the company’s directors or registered office address, which leaves the business vulnerable to a further fraud such as the illegal purchase of goods or taking out loans. Companies House reportedly deal with up to 100 cases of corporate identity theft every single month.
The consequences of corporate identity theft can affect the business standing. There can be drops in credit scores and directors or shareholders can be subject to personal identity theft and left vulnerable to further fraud. It can also cause reputational damage to your business if you are a victim of this type of fraud.
Companies House offer a free service called the ‘Protected Online Filing (PROOF)’ scheme, which aims to protect companies from the threat of fraudsters and corporate identity theft. More information on how to sign up to the scheme can be found here.
Companies House currently accept documents filed in “good faith”, and don’t verify any signatures. PROOF ensures that the following filings at Companies House can only be submitted online using an authorisation code known only by your company and its advisors. This means that the PROOF scheme protects your company from unauthorised changes to your records.
Only companies and limited liability partnerships incorporated in the UK are eligible to participate in the PROOF scheme.
For more information on the above, or advice on how to opt for the PROOF scheme, please fill out the form below, or get in touch with Sara Shrouti from our Company Secretarial team.
