RE: Liam Gray in breach of Companies Act and liable to a fine?14 Apr 2026 09:59
Sammy88, you've quoted the law correctly, but you're misreading how it works in practice.
Section 430(2B) says the information must be made available "as soon as reasonably practicable" . That is not a fixed deadline of "immediately." The law explicitly recognises that delays can be reasonable.
The only potential penalty is a fine of "not exceeding level 3 on the standard scale" . For context, that is currently around £1,000 – not a criminal conviction, not director disqualification. It's a minor administrative penalty for persistent failure.
More importantly, the company has already announced its interim results for next Monday. The most logical time to publish the Section 430 statement is alongside those results – not in isolation weeks before. That would be "reasonably practicable."
So the claim that "Liam Gray is in breach of the Companies Act and liable to a fine" is an overstatement. There is no evidence of a breach, and even if there were a delay, the consequences would be minimal. This is administrative paperwork, not a scandal and you are overthinking and performing expertise you do not possess.