Feeds

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

Failure to file finances puts outfit in hot water - report

Combat fraud and increase customer satisfaction

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. ®

High performance access to file storage

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Batten down the hatches, Ubuntu 14.04 LTS due in TWO DAYS
Admins dab straining server brows in advance of Trusty Tahr's long-term support landing
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
Half of Twitter's 'active users' are SILENT STALKERS
Nearly 50% have NEVER tweeted a word
Oh no, Joe: WinPhone users already griping over 8.1 mega-update
Hang on. Which bit of Developer Preview don't you understand?
Internet-of-stuff startup dumps NoSQL for ... SQL?
NoSQL taste great at first but lacks proper nutrients, says startup cloud whiz
Windows 8.1, which you probably haven't upgraded to yet, ALREADY OBSOLETE
Pre-Update versions of new Windows version will no longer support patches
Microsoft TIER SMEAR changes app prices whether devs ask or not
Some go up, some go down, Redmond goes silent
Red Hat to ship RHEL 7 release candidate with a taste of container tech
Grab 'near-final' version of next Enterprise Linux next week
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.