London Capital Finance - Companies House Fraud Loophole Delaying Filing

By J Drew -
LCF seem to have found a loophole with Companies House filing to avoid any review of their accounts and prevent them being made public. By reducing their accounting period by 1 day it gives them another 3 months to submit their accounts and avoid any scrutiny of the numbers and their profit & loss statements.
London Capital Finance Fraud Loophole
London Capital Finance Fraud Loophole

If you were a fraudulent company trying to avoid any warning to investors that you were having trouble with your finances then this would be a perfect tactic to prevent such information going public. This isn't to suggest that London Capital Finance are fraudulent or anything other than a genuine company offering unregulated investments that could lose all your money but their tactics do raise concerns about their transparency.

This is not the first time that London Capital and Finance have adjusted their reporting period so that the accounts do not need to be submitted to Companies House. You can see from the link that it is something that have now done on quite a few occasions and delayed their 2017 accounts due in October 2017 to February 2018. They seem to be following the same pattern again this year.

 https://beta.companieshouse.gov.uk/company/08140312/filing-history

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