TweetDeck: Twitter Bosses Sent Closure Letter

Written By Unknown on Selasa, 22 Januari 2013 | 20.14

By Pete Norman, Sky News Online

Sky News has obtained a letter sent to one of Twitter's UK companies by the business regulator, giving it written warning of impending closure.

Cardiff-based Companies House sent the letter to the two American directors of TweetDeck, at their registered London address.

The letter, dated January 22, stated: "The Registrar of Companies gives notice that, unless cause is shown to the contrary, at the expiration of 3 months from the above date the name of TweetDeck Ltd will be struck off the register and the company will be dissolved."

The letter sent to the directors of TweetDeck Ltd The letter sent by Companies House on January 22

The two directors are also top executives of the social media giant's San Francisco-based parent firm, Twitter Inc.

Dick Costolo is the social media giant's chief executive and Alex Macgillivray is general counsel and head of trust and policy.

TweetDeck is a platform used by 'power users' of Twitter and helps integrate the programme with other social media platforms, but has repeatedly failed to file compulsory accounts.

It was bought from British founder Iain Dodsworth in May 2011 for a reported £25m, but has not filed any accounts to Companies House since that time.

TweetDeck missed account filing deadlines last September and again last month.

In December Sky News revealed that both of the social media giant's British firms, TweetDeck and Twitter UK Ltd, had been fined £375 each by Companies House for separate filing oversight.

Twitter UK, which is controlled through a Dublin-based parent firm, subsequently filed its abbreviated accounts for 2011, revealing a profit of £16,500.

The chief executive officer of Twitter, Dick CostoloIain Macgillivray (r), the US-based company secretary of Twitter UK Ltd Twitter CEO Dick Costolo (l) and general counsel Alex Macgillivray

But TweetDeck has still not delivered accounts and has now been fined £750 and is now at heightened risk of closure and legal action.

According to Companies House, more than 2.7 million firms are actively registered and 99.1% are up to date in their filings.

Approached by Sky News, Twitter Inc declined to address the issue of continued regulatory filing problems in Britain.

Asked if it had plans to wind-down its UK subsidiary, a Twitter spokesperson said in a statement: "TweetDeck gives the Twitter experience more flexibility and allows advanced users to gain valuable insight into what's happening at this moment on Twitter.

"The TweetDeck team has been steadily innovating and improving the product, and we expect to see much more of that to come."

Last week Companies House informed the London Gazette of "a proposal to strike off" TweetDeck from the register.

Details of the company on the Companies House website TweetDeck has failed to file its compulsory accounts

The London Gazette is the official Government journal of record and allows officials at HM Revenue and Customs, along with creditors, to see firms at risk of being dissolved.

There is no suggestion TweetDeck has any outstanding tax liability.

Corporate solicitor Maung Aye, of Mackrell Turner Garrett, told Sky News: "It is particularly important for globally recognised companies to ensure that members of their group comply with any requisite filing deadlines set by the Companies Act 2006 and any other relevant legislation, to the extent it applies to them.

"What can be perceived by the directors as a relatively minor issue such as the late filing of a company's accounts, can potentially have very serious consequences including the directors of the offending company being prosecuted and ending up with a criminal record and the company being subject to a fine."


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