Force India facing dissolution
Friday 5th February 2010
Force India have been ordered to deliver its accounts for 2008 before February 25 or face the possibility of being dissolved. The Daily Telegraph reports that the Force India Formula One Team's 2008 accounts were due on October 31 but they failed to file them within the three-month deadline. This resulted in the Companies House sending 'a notice of dissolution to its directors including Michiel Mol, the former chief executive of the Spyker car company, and Mr [Vijay] Mallya, whose United Breweries Group owns scotch whisky maker Whyte & Mackay'. A Companies House representative is quoted as saying: "If they do submit their accounts by February 25, there will be time for us to suspend the dissolution process. The ball is in their court. It is only going to be suspended when the accounts are received. If we don't receive any accounts in the next three months we are going to strike the company off." However, the Silverstone-based outfit's chief operation officer Otmar Szafnauer has played down the story with the reassurance that they should have their papers in order before the deadline.
"We have been discussing an extension to that filing deadline with Companies House because we needed more time to get the accounts in order. On January 28 we got written confirmation of a deadline extension to the February 25. If we don't make this the question is then what happens.
"Our accounting team said we don't need longer than February 25."
Could just be lazy accountants or maybe not something darker.
From Plantet-f1.com here http://www.planet-f1.com/story/0,18954,3213_5919514,00.html
