REFORM UK’s leader Nigel Farage has broken UK company law, it has emerged after the MP received an undisclosed £5million gift from a crypto billionaire.
Farage is facing an investigation by the Parliamentary Standards Commissioner over the £5m gift from the crypto billionaire Christopher Harborne, while his party faced criticism by MPs over repeatedly trying to dodge scrutiny over its finances.
While Farge is being investigated in Westminster, it has emerged that his personal service company, Thorn in the Side Ltd, is breaking UK company law.
The firm, which the Reform leader is the sole director of, is used to receive payments for Farage’s numerous second jobs, including his presenting of GB News, which he has reportedly earned around £700,000 for doing since becoming an MP in 2024.
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According to Companies House, Farage has missed the deadline, May 25, to file a confirmation statement for Thorn in the Side.
He has also failed to verify his identity as required by law.
The annual legal documents must be filed with Companies House within 14 days of the annual deadline, with it being a criminal offence to fail to do so, which can lead to directors being prosecuted and the company being struck off the register.
Similarly, it is an offence for company directors not to verify their identity under the 2023 Economic Crime and Corporate Transparency Act.
A Reform spokesperson told Democracy for Sale, who first reported Farage’s breaches, that they are “being rectified immediately”.
However, the Green Party in England and Wales leader in Parliament, Ellie Chowns MP, claimed Farage was more focused on “lining” his own “pockets” rather than serving his constituents in Clacton.
The Greens Ellie Chowns
She 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.”
According to the last filings to Companies House, Farage had £1.9m in cash in 2025, with the company’s assets also tallying to £1.7m.
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Farage’s personal finances have come under scrutiny since the revelation that a Reform mega-donor gave the party £12m in 2025, along with a £5m gift in 2024.
The Reform leader received the gift before he announced he would stand in the General Election, which meant it was not taxed or declared to the parliamentary authorities, as it did not count as a political donation.
The Reform UK leader received the money after he declared in May 2024 that he did not intend to stand in the General Election.
Farage received the gift from the crypto billionaire weeks before announcing he would run for Clacton-on-Sea in June 2024 and was therefore not required to declare it to the Electoral Commission.
However, the Parliamentary Standards Commissioner, Daniel Greenberg, was asked to probe Farage in April and has since opened an investigation under Rule 5.
Rule 5 states that MPs must “fulfil conscientiously the requirements of the House in respect of the registration of interests in the Register of Members’ Financial Interests”.
However, Labour MP Anna Turley has said that Farage may have broken the MPs’ code of conduct by not declaring the gift.
