Nigel Farage broke British company law by failing to meet crucial financial deadlines, it has been claimed.
The Reform UK leader is already being investigated by the Parliamentary Standards Commissioner after accepting a £5m gift from Thai-based crypto billionaire Christopher Harborne just weeks before the 2024 election.
It has now emerged that Farage’s personal services company, Thorn in the Side Ltd, failed to file mandatory paperwork, Democracy for Sale reported.
Thorn in the Side Ltd is used by Farage to receive payments from his various side-hustles, including his stints as a presenter on GB News. He has reportedly earned more than £700,000 working for the rightwing broadcaster since he was elected an MP in July 2024.
The Clacton MP also owns close to 500,000 shares in GB News through Thorn in the Side Ltd, as well as shares in cryptocurrency firm Stack BTC PLC, according to the Register of Members’ Financial Interests.
The company, for whom Farage is the sole director, missed a 25 May deadline to file a confirmation statement with Companies House.
Failing to file a confirmation statement within 14 days of the deadline is a criminal offence. The firm has also failed to verify Farage’s identity as required by law under the 2023 Economic Crime and Corporate Transparency Act.
When Democracy for Sale drew attention to Farage’s breaches of company law, a Reform spokesperson said: “This is being rectified immediately.”
In January the company changed its registered address from Leigh on Sea, Essex to a central London address owned by real estate entrepreneur and Reform fundraiser Nick Candy.
Green MP Ellie Chowns, the party’s leader in parliament, said: “How could we ever trust someone who can’t even run his own company correctly to run the country responsibly?
“Nigel ‘nine-jobs’ Farage’s personal company is awash with money from his various side hustles that he clearly prefers to serving his constituents.
“Earlier this year he went eleven weeks without turning up for a single vote in parliament. A majority of the public think that MPs should not have second jobs. Politics should be about public service not lining your pockets.”
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