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thanks for the update Wit , it looks a bit iffy to say the least , it would not surprise me if it falls between 2 stools any day soon
cheers
Ricky
DJ,
in practical terms, if they don’t pull their finger out and get those 31/12/2008 accounts of Centurycomm filed within the next month, they’ll be at risk of having its bank accounts frozen if the Registrar follows through and strikes-off.
that’s because all its assets will then automatically devolve to the Crown and cease to be under their control.
as an employer and as a counterparty on other kinds of contract, the company technically will cease to exist, triggering whatever that may trigger under individual contracts.
liabilities will remain though – those don’t pass to the Crown, just assets.
at the end of the day they should be able to get the company restored to the register, but not without an interrupted ability to function pending that happening.
as to why someone would spend GBP 170m on a company and then either neglect or deliberately push to the limit or for some other reason not fulfil what is a relatively minor administrative aspect like this, who knows ?
what happened in that financial period, happened.
you don’t change history by sitting on it.
if you want speculation – and that’s all it is pulled from thin air – all I can think of as to why any company might do this is that its auditors must have regard to post-balance sheet events up to the date they sign-off the audit report.
IF it happens that they are signing that report off only now, and IF there is something that has happened since 31/12/2008 which would cause them to qualify their opinion – whether as to being able to say its a going concern or whatever – then that MIGHT IN THEORY be one reason for a delay…..
…but who knows ? its all very strange……
the accounts to 28/12/2008 for centurycomm and stradbrook acquisitions are both showing as received today at companies house.
can’t actually see what they say though until they get scanned onto the record over the next few days.
whether the delay / timing is in any way connected with last week’s announcement in ireland regarding anglo-irish bank, who knows.
will wait now for the contents to show up on the file, to see how the RP stable performed under the first 15 months of its new ownership.
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