Buzzfeed UK warned it will be dissolved in two months after failing to file its accounts
BUZZFEED UK has been told it will be dissolved in two months if it fails to file its accounts with Companies House.missed a September deadline to submit its financial information for 2018.Credit: ReutersOn Monday, a "First Gazette" notice was issued for a compulsory strike-off.
The notice reads: "The Registrar of Companies gives notice that, unless cause is shown to the contrary, the company will be struck off the register and dissolved not less than two months from ." Begbies Traynor's insolvency expert Julie Palmer said: "Receiving a notice like this is more common than you might think.These could include extending the company's accounting period, although Companies House must still be informed, and most experts agree an accounting extension is typically a sign of financial difficulties.
The period covered in the late BuzzFeed UK accounts covers a difficult year for the business, with revenues failing to match expectations. In January this year, founder and chief executive Jonah Peretti announced that 15 per cent of the workforce worldwide would be laid off to cut costs.Hermes blasted by customers left waiting weeks for Christmas parcelsKILL BID CHARGENativity descends into chaos as parents row over who has best viewSlaves are chained and fed dog food in secret UK 'blood cannabis' farmsIn 2016 it made a pre-tax loss of £3.3 million on revenues of £20.5 million.
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