Several Liberty Firms Miss Account Filing Deadline in UK
Liberty SteelLiberty Steel

Several Liberty Firms Miss Account Filing Deadline in UK

The Guardian reported that Liberty Steel has missed deadlines to file accounts for some of its biggest British businesses. As per report “Mr Gupta is listed as

The Guardian reported that Liberty Steel has missed deadlines to file accounts for some of its biggest British businesses. As per report “Mr Gupta is listed as director of 15 companies whose accounts are overdue at Companies House, including those that operate the Liberty Steel works in Rotherham and Stocksbridge in South Yorkshire. Other facilities with overdue accounts include those in Newport and Tredegar in south Wales, Dalzell in Scotland and Coventry in the West Midlands, plus Scottish aluminium smelter.”

An insider said most of the companies had not filed audited accounts for the year ending on 31 March 2020 because they would no longer represent an up-to-date view of the businesses.

A spokesperson for GFG Alliance could not say when the accounts would be filed and declined to comment.

Not filing an annual report is a criminal offence, although the maximum financial penalty for late filing is only GBP 1,500 for a private company. It is generally seen as a red flag for other companies carrying out due diligence.

Liberty Steel operates via a labyrinthine web of companies, many of which are owned by a Singaporean parent company. Mr Gupta alone is listed as a director of 79 UK firms.

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