1. More than 11,000 companies, which appeared as “British” on paper but were primarily linked to China, were incorporated or administered by three corporate secretarial firms—Yunma Tianlong International Consulting Co. Ltd., Busy Secretary Service Ltd., and J&C Business (UK) Co. Ltd. These firms were later ordered into compulsory liquidation by the UK High Court on January 29, 2024, for failing to conduct proper anti-money laundering checks and for mass-registering sham companies lacking real business activities in the UK [para. 1][para. 2].
2. Over half of these companies have been subject to enforcement action with ongoing investigations, according to the UK Insolvency Service [para. 3].
3. Companies registered through this…