Feeds

Twitter's Tweetdeck must 'file accounts or be struck off'

Failure to file finances puts outfit in hot water - report

Internet Security Threat Report 2014

Tweetdeck Ltd could be closed down after repeatedly failing to file its financial accounts with the UK's Companies House, Sky News is reporting.

The Blighty-based outfit - which bills itself as "an app that brings more flexibility and insight to power users" - was bought by US social media firm Twitter in May 2011 for $40m. It now faces "compulsory strike-off action" that could apparently lead to Tweetdeck being "dissolved" or removed from the official register of businesses in the UK.

The UK-based subsidiary of San Francisco-based Twitter Inc missed two financial accounts deadlines in September and December last year and was subsequently fined £375 each time for the cock-up by the regulator.

"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," a spokesperson at Companies House told Sky News.

Financials missing in action, Companies House shows

Multimillionaire Iain Dodsworth, who founded Tweetdeck in 2008, quit the company immediately after Twitter bought the firm in 2011. However, records show that no business accounts have been filed with Companies House since Dodsworth's departure.

It has been reported that privately held Twitter is preparing to float the company on Wall Street in 2014 in what could be a $11bn IPO. Twitter UK Ltd, the UK wing of Twitter Inc, also recently embarrassed the parent company by failing to lodge its financial filings for the second half of 2011 with Companies House.

Twitter UK finally filed its accounts last week, when it reported slender profits of £16,500 on a total income of £484,723. ®

Security for virtualized datacentres

More from The Register

next story
Microsoft WINDOWS 10: Seven ATE Nine. Or Eight did really
Windows NEIN skipped, tech preview due out on Wednesday
Business is back, baby! Hasta la VISTA, Win 8... Oh, yeah, Windows 9
Forget touchscreen millennials, Microsoft goes for mouse crowd
Apple: SO sorry for the iOS 8.0.1 UPDATE BUNGLE HORROR
Apple kills 'upgrade'. Hey, Microsoft. You sure you want to be like these guys?
ARM gives Internet of Things a piece of its mind – the Cortex-M7
32-bit core packs some DSP for VIP IoT CPU LOL
Microsoft on the Threshold of a new name for Windows next week
Rebranded OS reportedly set to be flung open by Redmond
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.