Feeds

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

Failure to file finances puts outfit in hot water - report

The Power of One Brief: Top reasons to choose HP BladeSystem

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. ®

Seven Steps to Software Security

More from The Register

next story
KDE releases ice-cream coloured Plasma 5 just in time for summer
Melty but refreshing - popular rival to Mint's Cinnamon's still a work in progress
NO MORE ALL CAPS and other pleasures of Visual Studio 14
Unpicking a packed preview that breaks down ASP.NET
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Cheer up, Nokia fans. It can start making mobes again in 18 months
The real winner of the Nokia sale is *drumroll* ... Nokia
Put down that Oracle database patch: It could cost $23,000 per CPU
On-by-default INMEMORY tech a boon for developers ... as long as they can afford it
Another day, another Firefox: Version 31 is upon us ALREADY
Web devs, Mozilla really wants you to like this one
Google shows off new Chrome OS look
Athena springs full-grown from Chromium project's head
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.