Twitter faces Companies House penalty for missing deadlines

 
Marion Dakers
TWITTER will be slapped with an automatic fine for failing to file its UK accounts on time, Companies House said yesterday.

The social network, whose Twitter UK Limited and TweetDeck Limited subsidiaries are registered in the UK, had been due to post its 2011 accounts by the end of September.

But the internet giant is racking up automatic penalties after missing the deadline by more than a month.

Twitter will not be asked to pay the fine or know the total amount of the penalty until it files the accounts.

The company did not respond to a request for comment yesterday.

Around four per cent, or 21,600, of the 531,500 firms due to file in December last year were hit with automatic fines for not delivering their accounts on time, according to Companies House data released under the Freedom of Information Act.

The penalties imposed totalled around £4m.

Companies House regulations state that a private firm can be fined £150 if the accounts are delivered less than a month late, rising in stages up to £1,500 if the company goes six months without putting out its figures.

The charges can be doubled if a firm files late two years in a row.

TweetDeck became part of Twitter in May 2011, when the US firm bought the three-year-old browsing application from its British founder Iain Dodsworth for £25m.