Feeds

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

Failure to file finances puts outfit in hot water - report

Intelligent flash storage arrays

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Nexus 7 fandroids tell of salty taste after sucking on Google's Lollipop
Web giant looking into why version 5.0 of Android is crippling older slabs
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
SLURP! Flick your TONGUE around our LOLLIPOP – Google
Android 5 is coming – IF you're lucky enough to have the right gadget
Microsoft: Your Linux Docker containers are now OURS to command
New tool lets admins wrangle Linux apps from Windows
Bada-Bing! Mozilla flips Firefox to YAHOO! for search
Microsoft system will be the default for browser in US until 2020
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.