Original URL: http://www.theregister.co.uk/2005/05/12/met_tackle_hijackers/

Police tackle Companies House database scam

Anti-hijack campaign

By OUT-LAW.COM

Posted in Small Biz, 12th May 2005 11:31 GMT

The Metropolitan Police Service has launched a campaign to highlight the growing problem of "company hijacking" – where criminals fraudulently change a company’s official registration details with Companies House in order that they may impersonate it.

The fraudsters can then use and abuse the targeted firm’s credit rating, leaving the victim struggling to clean up its record. Suppliers are also left out of pocket when they think they are delivering high-value orders to a legitimate address and their subsequent invoices go unpaid.

The loss to industry through this type of fraud is estimated to be in excess of £50m per year, according to the Met.

The police service has therefore teamed up with Companies House, the agency responsible for the registration of companies, to highlight the issue, sometimes known as a Form 287 scam. In a campaign leaflet it sets out four simple steps that can be used to counter the fraud:

You can get a copy of the Met's campaign leaflet (PDF) here.

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