Firstly apologies for being anonymous-you will soon find out why I am taking this precaution, after reading this:
A client turned up at the office quite happy. He was happy because he thought he was buying a very successful and profitable business. The seller happily gave him a set of Accounts. The Accounts are not signed by the director or the accountant who is a member of a Chartered Body though they have an Accountant's report along with their details.
The issue is I did a basic check and found out that there are no records of the business' premises at the land registry which was confirmed by the land registry over the phone.
Then I looked at the Accounts which showed a very profitable business. £50k profit in the last two years at £280k turnover. The issue is that the records submitted at the Companies House "do not" show the same figures. They show a loss! Needless to say the Balance Sheet at the Companies House shows a negative balance.
Quite annoyed as to how a fellow Accountant is conspiring, for a few hundred quid, with this Janus-faced seller in a scheme which would rob someone of their hard earned money. Sale price is around £170k.
What do I do? Who do I report?