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Interior design company Bluethorne Trading Limited, based at Medway Innovation Centre, wound up by High Court

By Ed McConnell

An interior design company has been wound up by the courts after it was found to be used to fraudulently secure credit.

Bluethorne Trading Limited, based at The Innovation Centre, in Maidstone Road, Chatham, and ostensibly a design company had never carried out any legitimate business to support its accounts, the High Court heard.

Instead it relied on "false and inflated" accounts to apply for credit to buy a wide variety of products.

Bluethorne is said to have falsely inflated its accounts to apply for credit
Bluethorne is said to have falsely inflated its accounts to apply for credit

Bluethorne Trading failed to co-operate with inquiries, providing further evidence that they couldn’t back-up their activities.

In making his ruling, Judge Jones found that the company’s 2017 and 2018 accounts were false and applications made on the back of those accounts were also fraudulent.

He added the conduct of the company and its officers was wrong and "such conduct cannot be allowed to continue".

Case manager for the Insolvency Service Irshard Mohammed said: "The company was used as a vehicle for the fraudulent application for credit relying on the false accounts filed to make the company appear a good credit risk.

"These winding-up proceedings show that we will use the full weight of our powers to take firm action against companies that operate in such an unscrupulous way."

All public inquiries concerning the affairs of the company should be made to: The Official Receiver, Public Interest Unit, 4 Abbey Orchard Street, London, SW1P 2HT. Telephone: 020 7637 1110; email: piu.or@insolvency.gsi.gov.uk.

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