Cryptic crossword clue
Declare, formally, there’s cheat with company 7

The most common and most likely answer to this crossword clue is the 7 letter word CONFIRM

I've seen this crossword clue in The Times
C
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Buddy explains!

The straight part
We know that "Declare, formally" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case declare, formally = confirm.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does CONFIRM mean?

CONFIRM verb
  1. To strengthen; to make firm or resolute.
  2. To administer the sacrament of confirmation on (someone).
  3. To assure the accuracy of previous statements.

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