Overdue accounts on Companies House
Discussion
There is a SME Ltd company which is showing their last posted accounts dated 2018 on Companies House and the latest posting is well overdue.
Why would a company not post its accounts on time - they should have been posted by the end of 2020 but it is showing as overdue.
What possible reason would a company have to be so far overdue with posting?
They must be racking up a fair amount in fines.
Why would a company not post its accounts on time - they should have been posted by the end of 2020 but it is showing as overdue.
What possible reason would a company have to be so far overdue with posting?
They must be racking up a fair amount in fines.
Pistom said:
There is a SME Ltd company which is showing their last posted accounts dated 2018 on Companies House and the latest posting is well overdue.
Why would a company not post its accounts on time - they should have been posted by the end of 2020 but it is showing as overdue.
What possible reason would a company have to be so far overdue with posting?
They must be racking up a fair amount in fines.
Fines maybe £750 or £1,500. There was an automatic 3 month extension on filing dates due to Covid. Why would a company not post its accounts on time - they should have been posted by the end of 2020 but it is showing as overdue.
What possible reason would a company have to be so far overdue with posting?
They must be racking up a fair amount in fines.
https://www.gov.uk/government/publications/late-fi...
Ronstein said:
Almost certainly, they're in deep sh*te financially! Auditors are probably refusing to sign off the accounts, probably over 'going concern'. If our latest audit is anything to go by, you have to pass a 'worst case' scenario these days.
If it's a real small SME they probably don't even have auditors.Edited by Ronstein on Wednesday 14th July 15:06
It happens all the time, and not just small companies either.
2 sMoKiN bArReLs said:
If it's a real small SME they probably don't even have auditors.
It happens all the time, and not just small companies either.
Hardly "real small". Around 90% of UK ltd co's don't need audits. Audit required only if over 50 employees, over ~£10m turnover, or over ~£5m assets. It happens all the time, and not just small companies either.
silentbrown said:
2 sMoKiN bArReLs said:
If it's a real small SME they probably don't even have auditors.
It happens all the time, and not just small companies either.
Hardly "real small". Around 90% of UK ltd co's don't need audits. Audit required only if over 50 employees, over ~£10m turnover, or over ~£5m assets. It happens all the time, and not just small companies either.
Fair point.
I wonder how many companies that don't need an audit have them?
Very few. Major changes were brought in 30 years ago to allow very small companies to not require formal audits. Before then, EVERY limited company, no matter how small, had to be audited.
The whole idea was to make setting up and running limited companies much easier and less expensive.
The government continues to be surprised at how many new limited companies have been set up since then.
The whole idea was to make setting up and running limited companies much easier and less expensive.
The government continues to be surprised at how many new limited companies have been set up since then.
Of course it is. They have a T/O of about £15M and are audited. They show registration of a charge about a month ago and the satisfaction of another charge this week. Not sure if that suggests they're robbing Peter to pay Paul.
My guess is they are in the s
t but they are paying bills on time and I can't see other signs of them being in trouble.
It just seems odd to me and I'm wondering what the reasons could be.
My guess is they are in the s
t but they are paying bills on time and I can't see other signs of them being in trouble.It just seems odd to me and I'm wondering what the reasons could be.
Pistom said:
They have a T/O of about £15M and are audited. They show registration of a charge about a month ago and the satisfaction of another charge this week. Not sure if that suggests they're robbing Peter to pay Paul.
My guess is they are in the st but they are paying bills on time and I can't see other signs of them being in trouble.
It just seems odd to me and I'm wondering what the reasons could be.
It's very complex of course but plenty are in deep financial trouble, chugging along, burning through covid loans whilst enjoying repayment holidays, relying on furlough to pay large amounts of staff wages and accepting hand outs from the local council/government.My guess is they are in the s
t but they are paying bills on time and I can't see other signs of them being in trouble.It just seems odd to me and I'm wondering what the reasons could be.
Pistom said:
They have a T/O of about £15M and are audited. They show registration of a charge about a month ago and the satisfaction of another charge this week. Not sure if that suggests they're robbing Peter to pay Paul.
My guess is they are in the st but they are paying bills on time and I can't see other signs of them being in trouble.
It just seems odd to me and I'm wondering what the reasons could be.
Are they behind with filing their annual Confirmation Statement?My guess is they are in the s
t but they are paying bills on time and I can't see other signs of them being in trouble.It just seems odd to me and I'm wondering what the reasons could be.
Pistom said:
They have a T/O of about £15M and are audited. They show registration of a charge about a month ago and the satisfaction of another charge this week. Not sure if that suggests they're robbing Peter to pay Paul.
My guess is they are in the st but they are paying bills on time and I can't see other signs of them being in trouble.
It just seems odd to me and I'm wondering what the reasons could be.
Ring them up & ask?My guess is they are in the s
t but they are paying bills on time and I can't see other signs of them being in trouble.It just seems odd to me and I'm wondering what the reasons could be.
Eric Mc said:
Pistom said:
I think they were as the confirmation statement is dated at the end of the review period but dated as received 2 months later.
If the website says "Confirmation Statement Overdue", then it is overdue. If it doesn't say that, then it is not.Obviously - the accounts are.
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