Insolvency Service investigations into Basic Prime Limited discovered concerns that the company was involved in fraud

The company, which claimed to be based in Croydon, had no genuine business presence, contact details not in operation, and a director who failed to provide information and documents that were requested

Basic Prime Limited has been wound up in the public interest at the High Court

A company claiming to provide financial services which received around £175,000 from a client but failed to deliver promised services has been shut down.

Basic Prime Limited claimed to provide trade finance guarantees and credit enhancement services but was suspected by Insolvency Service investigators of operating an advance fee fraud scheme. The company at no time was registered as a financia

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