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Blues warned after missing accounts deadline

OldBlueLady

Junior Blues Coordinator
Joined
Dec 27, 2007
Messages
47,553
Location
Benfleet
Well, yesterday's Echo actually, but surprised no-one picked up on it. Page 8 of the edition I got,

"Southend United say they are about to file accounts for last year, after receiving an official warning. The club, who have weathered a number of financial storms over the past 18 months, should have filed accounts for 2009/10 by April 30. Companies House, the Government register of limited companies, has written to the club giving it 28 days to provide details of its financial affairs between July 2009 to 2010. A Companies House spokesman said: "A letter has been sent. If a company does not file within 28 days we will write a final letter giving a further 28 days, and if it still did not comply, we would instigate strike-off proceedings with an advert in the London Gazette."

If a company was dissolved its assets would be seized by the State. However the club are confident this will not happen. A spokeswoman (so we can guess who that is!) said: I have been advised the audit should be finalised next week. Sometimes these things take longer that the time permitted." She said the accounts should then be filed soon after.

The club have fended off seven attempts, including five by the taxman, to wind them up or put them into administration due to unpaid debts over the last 18 months. The last set of accounts filed by the club were for 2008/9, which were several weeks late last year, showed losses of more than £2 million and debts of nearly £8 million. The club have managed to clear several of their debts with the help of Sainsbury's, which wants to redevelop Roots Hall when the Blues move to a planned new stadium."
 
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