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Re: I know its a scam, but what exactly is the scam?
Posted: Thu Jan 19, 2017 8:00 am
by Footloose52
There was a bit about this sort of thing on the BBC around Christmas time. It was exposed as a way of getting porn/diet/health products companies and the like a legal foothold in the UK which then allowed them to sell goods into the EU without going through a lot of red tape hoops.
That was in County Durham -
https://www.theguardian.com/uk-news/201 ... -directors
It is a scam and it should be avoided at all costs.
Re: I know its a scam, but what exactly is the scam?
Posted: Sun Jan 22, 2017 8:52 pm
by djdandew15
Managed to pull some info from thier application form.
You may be required to complete a self-assessment.
If you already complete a self-assessment, just include the income you have been paid by Kedros Formations.
If you don’t have an assessment or non PAYE income, send it to us, together with your P60, and we will complete it and return it to you for your signature, along with a letter to the HMRC if required, requesting, that Self Assessments should not be requested in future.
Your role as a nominee director for Kedros Formations will take only 10 minutes of your time. The fact that you become a nominee director will be in the public domain as you will be declared as the director of the company when it is formed at Companies House. Once the company is formed you will come off as a director at Companies House and the new Director will be appointed.
As set out within the Contract, you need to remember that you are responsible for declaring any additional income that you receive to HMRC. If you are in receipt of state benefits you should check with the Department for Work and Pensions or the Pensions Service to check how the time that you spend making your application and the thank you payment that you receive as a result will affect your benefits. For most benefits, if there is any impact, it is likely to only apply to the one week in which you receive the payment.
For the AVOIDANCE OF DOUBT, the fee you receive from Kedros is not for acting as a director and you will have no control in the decision making of the company.
Thank you for your application.
An account has been created for you.
What happens now?
You will receive an email via Docusign with the required documents for your electronic signature, to set up your company, and to transfer to a new owner once formed. You will receive an email confirming acceptance or rejection of your application within 2 working days. Kedros Formations Ltd will incorporate a UK Limited Company on your behalf. We will also apply for PAYE and VAT. The company will be sold to a buyer within 24hours for £75.00, and the payment will be sent to you. We will send a notification to Companies House confirming your resignation as a director, and transferring your share to the new owner. At no point will the company trade while you are Director or Shareholder.
Don’t forget – you have a responsibility as a nominee to send us any documents you receive concerning the company. You can either post this to our address or if you have a smartphone you can send a picture to
mail@kedrosformations.co.uk. You must also keep these documents safe in case they are ever required.
Don’t stop there! Invite a new nominee and earn £25 for each successful referral. Click here to continue.
Re: I know its a scam, but what exactly is the scam?
Posted: Sun Jan 22, 2017 10:21 pm
by TheNewSaint
More good info, djdandew15. Did you get a copy of the Contract they speak of?
Re: I know its a scam, but what exactly is the scam?
Posted: Sun Jan 22, 2017 10:41 pm
by djdandew15
TheNewSaint wrote:More good info, djdandew15. Did you get a copy of the Contract they speak of?
No as i used dummy details to sign up so didn't give any payment info ect.
Also found this so could do with someone experienced to take a look
One person that has signed up to this had a company opened called LES CHANNELL CONTRACTING LTD
https://beta.companieshouse.gov.uk/company/10492534
20 Jan 2017 Termination of appointment of Jon Unwin as a director on 20 December 2016
19 Jan 2017 Appointment of Mrs Ofelia Alibay as a director on 20 December 2016
13 Jan 2017 Registered office address changed from 17 Mahony Green Rackheath Norwich Norfolk NR1 6JY to 17 Mahoney Green Rackheath Norwich Norfolk NR13 6JY on 13 January 2017
06 Jan 2017 Registered office address changed from 44 Abberton Way Loughborough LE11 4NX United Kingdom to 17 Mahony Green Rackheath Norwich Norfolk NR1 6JY on 6 January 2017
23 Nov 2016 Incorporation
Statement of capital on 2016-11-23
GBP 1
Model articles adopted
You can see that a new director was recorded Mrs Ofelia Alibay who is a resident in the Philippines and that Jon Unwin resigned as director and as for as he is concerned is now completely dissociated with the company but you will notice Mrs Ofelia Alibay holds no shares and jon has 75% or more shareholding in the company and is listed as the Persons with significant control.
So where does he stand now with regards to liability?
Admin apologies if any of this info is classed as sensitive but it is in the public domain
Re: I know its a scam, but what exactly is the scam?
Posted: Mon Jan 23, 2017 3:47 am
by notorial dissent
My sense, though not being at all familiar with UK law, is that he could still be in fair bit of danger, as they have him listed as one of the owners by virtue of that one share of stock. I'm also under the impression that Private Limited Companies are treated differently under the law in some cases than other companies. I also don't like that they don't show how many shares the company has outstanding at the time of formation and who owns them. From what I can see, there is next to no really usable information in the companies registration information.
Re: I know its a scam, but what exactly is the scam?
Posted: Mon Jan 23, 2017 12:13 pm
by Footloose52
There is a little more info in the Companies House data than you might think:
Mr Unwin was born in September 1981.
There is one share of GBP1 in issue and fully paid as at the date of formation of the company.
Mr Unwin's registered address is given (it's already been posted on here so I'll not repeat it).
The company registered address at formation was the same as that given for Mr Unwin.
Mrs Alibay was born in March 1961.
Re: I know its a scam, but what exactly is the scam?
Posted: Mon Jan 23, 2017 2:07 pm
by notorial dissent
Yes, and as of that moment in time he is/was the sole owner of the company. Whether or not he resigned from the company or directorship shouldn't change that, and therein lies the problem. What it boils down to is that the Companies House information is largely useless and probably largely incorrect.
Re: I know its a scam, but what exactly is the scam?
Posted: Wed Feb 22, 2017 10:24 am
by phugs1009
Re: I know its a scam, but what exactly is the scam?
Posted: Wed Feb 22, 2017 10:26 am
by phugs1009
TheNewSaint wrote:More good info, djdandew15. Did you get a copy of the Contract they speak of?
see my post at bottom
Re: I know its a scam, but what exactly is the scam?
Posted: Wed Feb 22, 2017 6:53 pm
by TheNewSaint
phugs1009 wrote:i have a copy of the contract for kedros formation agent
Excellent. Thanks for sharing. I took the liberty of putting your images together into one:
http://i65.tinypic.com/j0xuf4.png
