In what has been promised to be a cross between “Mission Impossible, James Bond and Luther,” Greater Manchester-based fraud detectives Ravenstone UK are set to appear on the big screen. Having started life in 1991, as independent insurance claims consultants, Ravenstone UK grew to become one of the largest in the country. With unabated successes, serving the UK’s leading insurers and clawing back millions from fraud cheats, Ravenstone UK expanded their operations to pursue all manner of fraudsters. For almost thirty years, Ravenstone UK have occupied a respected position in the sector, while remaining relatively unknown.
However, the tax fraud empire orchestrated by Manchester financial firm One Formula Projects LLP has brought Ravenstone UK to greater public prominence. The tax fraud empire became the subject of a BBC One documentary series exploring tax fraud and the efforts of HMRC to combat the phenomenon.
Produced by Manchester F1 Productions, the series followed HM Revenue and Customs investigators as they poured over One Formula’s financial records and assets. One by one the dominoes fell, bringing down the tax fraud empire on primetime television. With the documentary series focussing primarily on the role of HMRC investigators, the producers behind the popular show promised a cinematic sequel.
Referred to by investigators as ‘the tax fraud of the century,’ the case of One Formula immediately captured the public’s imagination. “We drew up plans for a movie sequel to the show after witnessing its success and to shed further light on the intricacies of the case,” an executive at F1 Productions told Insurance Finance Talk. “For editorial reasons and with plans for the movie sequel already in mind, we left out the central and pivotal role played by Ravenstone UK, who were working alongside HMRC on the One Formula tax fraud investigation,” the source at F1 Productions added.