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The Latest Breaking News from Companies House

OnlyFans Owner Leonid Radvinsky Cashes $701 Million Dividend As $7 Billion Sale Talks Heat Up

Ukrainian-American entrepreneur Leonid Radvinsky extracted a record $701 million dividend from OnlyFans ahead of active sale negotiations that could value the content subscription platform at $7 billion, according to regulatory filings submitted to Companies House on Friday.

Benzinga

Horner officially removed as Red Bull F1 director after shock sacking

Ousted Red Bull F1 boss Christian Horner has now officially been removed from his position as director

Autosport

Christian Horner officially removed as Red Bull F1 director

Christan Horner has officially left his role as director of Red Bull's various UK entities, one month after his shock sacking.

Motorsport

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South London companies with faked accounts claiming £1.6bn turnover shut down by High Court

Five companies were wound up after their accounts were declared as false

Evening Standard

‘We got upset, then we got angry’: the couple who took on one of the UK’s biggest cold-call scams

When clients started getting random calls about making personal injury claims, Jan and Michael Reed set out to discover who was stealing data from their family-run garage

The Guardian - UK

Ex-Reform UK MP’s business affairs referred to fraud body

Public Sector Fraud Authority to look into loans taken out by James McMurdock during pandemic

The Guardian - UK

James McMurdock will not seek Reform UK return after Covid loan questions

MP for South Basildon and East Thurrock says he will remain an independent after surrendering whip last week

The Guardian - UK

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Smaller firms to escape ‘burdensome’ Companies House filing rules

Exemption for businesses with turnover under £10.2m allowing simpler accounts to be submitted will be retained

The Guardian - UK

Owners of collapsed oil refinery Prax Lindsey took £11.5m in pay and dividends

Details of payouts to Winston Soosaipillai and wife Arani emerge as calls grow for couple to financially support 625-strong workforce

The Guardian - UK

Longtime Ferrari Boss Might Be Working for McLaren

Luca Cordero di Montezemolo is one of the most important people in Ferrari's history. He first worked for the Formula 1 team in the 1970s and joined the company again in 1991, becoming Enzo Ferrari's successor. In his tenure, which lasted until 2014, Montezemolo oversaw a transformation in Ferrari's road-car…

Motor1

River Island plans to close 33 stores, putting hundreds of jobs at risk

Family-owned company blames ‘migration of shoppers’ to online and higher costs as it tries to stem heavy losses

The Guardian - UK

‘Earn up to £800 a day’: job scammers using calls or texts to lure victims

Fraudsters offer great pay for liking and sharing TikTok content – but then demand a fee to unlock higher earnings

The Guardian - UK

P&O Ferries’ auditor quits after years of late financial accounts

KPMG had been P&O Ferries’ auditor since 2007 but resigned recently, according to accounts filed with Companies House.

Evening Standard

X’s UK profits collapsed the year after Elon Musk’s takeover

Social media platform formerly known as Twitter says 66.3% revenue drop was down to fall in advertising income

The Guardian - UK

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The Guardian - UK

Companies House collects just £1,250 in fines in corruption crackdown

Just 2% of total penalties paid, raising concerns about agency given new powers to fight economic crime

The Guardian - UK

Buy-to-let firms become biggest single type of business in UK, data shows

Four times more buy-to-let firms than fast-food shops now registered at Companies House as landlords switch set-up to cut tax payments

The National (Scotland)

Rangers issue 26.7m new shares as Companies House paperwork confirms deal

Rangers issue 26.7m new shares in Companies House paperwork

The Independent UK

Gang who posed as electricity workers to power cannabis farms jailed

The firm was registered on Companies House and both McGinn and Roberts had LinkedIn profiles.

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The Independent UK

When does the new financial year start and what does it mean for businesses?

Increased labour costs are incoming but there’s more for SME owners and sole traders to be aware of

The Guardian - UK

Not-for-profit appears to own Reform UK despite Farage’s ‘democratisation’ pledge

Party had brought in a new constitution declaring its 200,000 members were now in control

The National (Scotland)

Nigel Farage 'relinquishes control' of Reform UK with party restructure

Nigel Farage has “handed over ownership of Reform UK to its members”, the party has said.

Evening Standard

Nigel Farage ‘hands ownership of Reform to members’, says party

‘We are pleased to announce that, as promised, Nigel Farage has handed over ownership of Reform UK to its members.’

The National (Scotland)

Rangers issue 18m new shares as Companies House paperwork revealed

Rangers have issued 18m new shares in the club.

The Independent UK

£5.5bn lost to tax evasion could be ‘vast underestimate’ by HMRC, MPs warn

The UK’s tax authority has processes which are ‘far too open to abuse’, the Public Accounts Committee warned.

The Guardian - UK

Rare metal assets, 4,000 workers, a Canary Wharf HQ… but does this billion-pound firm really exist?

A bizarre mining business’s fake audit reveals the potential for fraudsters at Companies House

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