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Tweetdeck could be struck off for late accounts

15th Jan 2013
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AIA

Twitter's UK subsidiary Tweetdeck is at risk of being dissolved after repeatedly failing to submit accounts to Companies House (CH).

This week, Companies House confirmed that the firm behind the popular social media application is in default on the submission of its annual accounts. An action to strike the company off has started.

"As a matter of routine, we have written to the company at least three times to request that they file as soon as possible," a CH spokesperson said. 

"We have started strike off action, with the first Gazette notice due to be published this week." 

Tweetdeck will then have 98 days to file up-to-date accounts or face being struck off the register and dissolved. 

Under the terms of the Companies Act 2006, it's a legal requirement by all company directors to ensure annual accounts are submitted on time.

Tweetdeck, which has failed to submit accounts for both the 30 September and 31 December deadlines, has already attracted fines. 

In December, AccountingWEB reported that both Twitter and Tweetdeck failed to submit accounts

However, Twitter has remained silent both in the press and the regulator about the fines and late account submission.

"Our objective remains, as always, to get the company concerned to file their accounts so that these can be made available for public access, which we hope will be a positive conclusion to our continuing correspondence," the Companies House spokesperson said.

Ironically, CH tweeted earlier this week that it had seen a "record rate" of compliance, with over 94% of active companies filing accounts by 31 December on time. That means that Tweetdeck was among the 5.7% of companies that didn't file. 

"We continue to have excellent compliance rates for accounts, having one of the best compliance rates in the world," the CH spokesperson said

Replies (2)

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By Steve-EBL
17th Jan 2013 13:31

Shame, shame on Twitters CFO.

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By Belarieq
30th Jan 2013 18:56

Nasty

How can a high profile company be that sloppy?

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