Member Info for CTSFO

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Companies House records now showing EVANS has resigned as a Director. Not just as CEO. This should have been included in the RNS.

Morning! Fingers firmly crossed! Will the company be updating us ASAP?

It’s worth having a look at EVANS’ history at Companies House. So many filing deadlines missed. The Registrar should take an interest here.

Tiger: the same City friends who told you an RNS was coming at 07:00 this morning?

I wonder if EVANS will demand the shares that he’s lent the Company?

I hope the ex CEO and involved directors enjoy the s451 prosecution.

The CEO and new Chairman have a long history together. This all reminds me of Tintra, and the way shareholders were treated. FFS.

I wonder if the Auditor has found something a bit naughty?

Tiger: what happened to the RNS your “city friends” promised?

I don’t know how reliable it is. I’m guessing Morningstar have a reason for posting it. The LSE ‘week ahead’ email on Sunday didn’t mention PPP. We’ll just have to wait and see.

Found this on the Morningstar site. It confirms what Faye has already posted. Under ‘next event’ they are showing results being issued on 20th December.

https://tools.morningstar.co.uk/uk/stockreport/default.aspx

It’s the nescient stupidity I’m sick of. People can’t be bothered, or are too thick, to read the primary legislation and guidelines surrounding its use. So they just make something up.

The delist date was completely wrong. That’s why I posted what I did.

Because I was answering you.

Totally supportive of this company. Just sick of people posting that it’s going to be delisted / struck off. They are absolutely clueless as to the law and procedures required. The post should have hade a better title.

Aww bless Dealer, can’t stand someone having a different opinion to you??

Faye, the post was a reply to Gregorio. People keep posting that the striking off of the company is imminent, that’s utter BS. The post should be more reassuring than cause fear.

Https://www.gov.uk/government/publications/companies-house-enforcement-policy/companies-house-enforcement-policy

The relevant law is the Companies Acr 2006 and subsequent amendments. The relevant enforcement agency is The Registrar Of Companies at Companies House.

The company, and directors, have committed a criminal act in failing to submit audited accounts. Section 451 of the Act explains the liability of the directors.

Companies House has a well established procedure for dealing with companies that fail to file. Enforcement via investigation and striking off would typically start 6 months after the final day that the accounts can be filed. This is one year after the end date of the period that the accounts are due for. So end of March 2025.

Companies House starts with contacting the company via its registered address. A warning of being struck off is posted in the London Gazette. This is called the First Gazette, or First Gazette Notice. The company must respond to this. If it doesn’t, a Second Gazette Notice is issued. If this isn’t adequately acknowledged, the Registrar of Companies is empowered to strike off the company, and its assets are transferred to the Crown.

Striking off is rare. Providing the company can show it is engaged with the accounting and auditing processes, the actions tend to stop or be put on hold.

The fines from Companies House will still need to be paid by the company. Fingers crossed the directors don’t face separate action care of Cardiff Mags.