Tory party donor Lycamobile faces being struck off UK company register
Lycamobile, a major Tory party donor, faces a possible £9.5m bill from HMRC for unpaid tax [Image: Alamy].
Was this company set up specifically to funnel money to the Conservatives?
Lycamobile, one of the Conservative party’s largest corporate donors, is at risk of being struck off the register of UK businesses after failing to file accounts on time.
The company, which has handed millions to the Tory party, is already facing the possibility of a £9.5m bill from HM Revenue & Customs for unpaid tax.
Now Lycamobile, which sells international telephone airtime, has missed a deadline to publish accounts for last year by two months, according to Companies House filings.
Companies House is understood to have sent two warning letters to the company, controlled by the Sri Lankan businessman Subaskaran Allirajah, without reply.
The next step would involve having the company listed for late filing in the London Gazette in early February.
The listing would begin an ultimatum period that could see the company struck off the register of British businesses within two months.
At that point a new company would have to be set up to house Lycamobile’s UK business.
Despite its failure to file accounts, Lycamobile has been a generous donor to the Conservative party, handing it £1.5m since 2011.
Its latest available figures, from 2014, reveal it swelled Tory coffers by £146,600 last year, despite making a profit of just £767,000 after tax.
Source: Tory party donor Lycamobile faces being struck off UK company register | Business | The Guardian
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In answer to your question top of page – probably
Well whot do you expect with this lot of fraudulent crooks who daily award contracts to themselves jeff3
Is this company receiving taxpayers money? if so are they avoiding tax and channeling monies to the tory party. ?
“Unpaid tax?” Why single out Lycamobile who, judged by the number of outlets there, might even own Edgware Road, London, W2?
Something not quite right with this but doubtless Private Eye will be able to put some sense behind it all especially the excessive donations and what the true end game is…surely not looking for a precious honour? Certainly not good value as the honours have been discredited to the point they have little social value or respect anymore.
TORY & CORRUPTION GO HAND IN HAND, CAMERPIG WILL SAY I KNOW NOTHING, OSSEBUM WILL ARRANGE A NICE GET OUT CLAUSE, THEY WON’T BE PAYING, NO TAX DUE, …… ALL CLEAN DONE & DUSTED, END OFF
More secretive Tory corruption. Perhaps the Police Fraud Squad should be looking into the financial activities of this outfit.