Micasa WW Ltd, together with Remultex Ltd, have been wound up by the High Court in the public interest, and the Official Receiver has been appointed liquidator of the companies.
An Insolvency Service investigation found that Micasa had seen around 1.3 million pass through its accounts from February 2019, when it started operating, until December 2020.
The company had been identified as potentially involved in a cryptocurrency scam, although the lack of accounting records meant it was not possible to verify whether its business was legitimate trading activity.
Investigators did identify that it had secured a 50,000 Bounce Back Loan (BBL), although there was also no evidence that the company was eligible under the scheme rules.
Nearly all the BBL was transferred to Remultex Ltd, which appears to have started operating in December 2019. Remultex also received its own BBL of 30,000, although it was similarly not possible for investigators to confirm that the company was entitled to the...
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