Overview Of The Two Fake PPE Companies Closed Down
CK Sales Ltd and Lambden Smart Solutions Ltd are two fake PPE companies closed down.
Both companies have been placed into Compulsory Liquidation after being wound up by the High Court and the Official Receiver has been appointed Liquidator.
Personal Protective Equipment Alleged Trading
These two companies supposedly supplied Personal Protective Equipment (“PPE”).
However, the Insolvency Service review appears to have found no evidence that either company had ever traded in the PPE supply market or any other area of business.
CK Sales Limited
According to the report from the Insolvency Service, in the case of CK Sales the landlord of the address told investigators he had not heard of the company, while the address that Lambden Smart Solutions was registered at was found not to exist.
CK Sales was said to have fabricated false lease documents and utility bills and sent these to at least 14 different local authorities to claim they were a business operating in their area, and to apply for grants under the Small Business Grant Scheme which was introduced to assist business suffering from the effects of the Pandemic.
Most were identified as fraudulent. However, it appears that the company received £80,000 from a number of local authorities before the fraud was identified.
CK Sales was also not entitled to taxpayer funding through the separate Bounce Back Loan Scheme, but nevertheless secured a £50,000 loan.
Lambden Smart Solutions Limited
Lambden Smart Solutions was similarly found to have received a £50,000 Bounce Back Loan to which it was not entitled.
The Insolvency Service investigation was started following information received through the National Anti-Fraud Network. As a result both companies have been closed down.
Wider Fraud Scheme
According to the reports issued by the Insolvency Service, there appears to be evidence that both companies were part of a wider fraud network as the investigation identified links to SIO Traders Ltd and LV Distributions Ltd, which were shut down last year for fraudulently claiming Covid-19 financial support and also claimed to supply PPE, as well as medical products.
Insolvency Service Comment: Fake PPE Companies
Dave Hope, Chief Investigator at the Insolvency Service, said:
These companies have been systematically defrauding taxpayers through their abuse of financial support schemes put in place to help genuine businesses during the pandemic.
The Insolvency Service will not hesitate to step in and ensure sham companies like these are shut down by the courts.
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