TweetDeck, the social media management tool owned by Twitter, risks being ‘dissolved or struck-off the register’ after failing to file its accounts for the second time, according to reports.
Sky News reports that the UK company missed the deadline in September and then again at the end of December and was fined £375 for doing so in both instances.
If TweetDeck does not submit files soon it may have to pay a £1,500 penalty and face being taken to court.
A Companies House spokesperson told Sky News: “This is a non-compliance issue and a compulsory strike-off action has commenced. TweetDeck is still yet to file. That means they have 99 days to file up-to-date accounts or face being dissolved and struck-off the register.”
Twitter has yet to make a comment about the future of TweetDeck, with HM Revenue and Customs (HMRC) promising to seek answers as to why the online business failed to submit the papers.
The social media dashboard tool lets uses organise Twitter, Facebook and other online profiles.
Details of the “proposal to strike off” were sent from the Cardiff-based business regulator to the London Gazette and are due to be published on Tuesday, Sky News reports.
The London Gazette is the official Government journal of record and it allows the Tax Office, creditors or other interested parties to know of TweetDeck’s position.
TweetDeck was founded in 2008 by Sheffield computer programmer Iain Dodsworth and sold to Twitter in May 2011 for an estimated £25m.
The US-based micro-blogging giant controls its UK operations through a Dublin-based parent firm, Twitter International Company.
According to Companies House, more than 2.7 million firms are actively registered and 99.1% are up to date in their filings.
Twitter is rumoured to be consideriong a public flotation in 2014 and could be worth more than $11bn (£6.8bn).
View the Sky News report here
