There are companies worth £50bn* based in this terraced house in Bolton.
Turns out they also have a bank. With a valid VAT registration number.
(*on paper)
Turns out they also have a bank. With a valid VAT registration number.
(*on paper)
And a holding company, with a professional-looking website:
And audited accounts that are superficially plausible, if you ignore the £15bn turnover for an unknown company. And tiny tiny clues the accounts were plagiarised from elsewhere. Like a sentence saying they're a "leading supplier of components to the door and window industry".
The audit certificate is a forgery. I've spoken to the audit firm and individual auditor named in these accounts and I'm convinced they have nothing to do with this. They don't even know each other.
We called their phone number; it gives the option of "sales" or "customer services", but both just go through to a maillbox.
Their website says they're FCA authorised. A lie - the number is a different, legit, firm.
So obviously the VAT number will be fake as well, right?
Wrong.
Wrong.
The first draft of our report said we didn't know if these companies were created for fraud or as the product of someone's fantasy...
However the additional information we've received (the bank website, VAT registration, and the attempt to win business for Avantulo SA Ltd) makes reasonably clear this is a fraud.
The domain records for the two Stallion Holdings websites suggest the fraud is ongoing.
Our report on fake banks is here, including simple steps Companies House could take to end the fraudulent use of UK companies with fake accounts. taxpolicy.org.uk/2025/02/01/fin…
And a report from @MarpleLeaf at The Business Desk here: thebusinessdesk.com/northwest/news…
Just to add: the Stallion Facebook pages suggests the fraud is aimed at Muslims: facebook.com/stallionholidi…
And the Facebook reveals they don't just do bank fraud:
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