A finance company has been shut down after taking £175,000 from a client and vanishing without delivering any of the promised services. Investigators discovered it had no real office, no working contacts, and a director who couldn't be traced.
Basic Prime Limited, which claimed to operate from Croydon, took an upfront fee but failed to provide any of the financial services it promised before disappearing, according to the Insolvency Service. The case is part of a broader fraud epidemic, with investigators spending months unraveling how this phantom firm operated undetected for over a year.
