Scottish firm McClure Naismith has yet to file its 2014 accounts - despite the fact that they were due at the end of January. And it has refused to explain the reason for the delay of more than three months.
A spokeswoman told RollOnFriday that notes pertaining to bank loans in the previous year's accounts had "no bearing" on the delay, and "the 2014 accounts will be issued very soon". She wouldn't provide any further comment.
It seems extraordinary for a fairly sizeable firm - it has 29 partners - to be so remiss. As it stands the firm will be on the hook for a late filing fee, which probably won't trouble it too much. But failure to file accounts can be a criminal offence resulting in fines being imposed on directors personally. Why would McClures put itself in this position unless there was a problem getting the numbers to add up?
The firm first published its profits in 2013, when the Scotsman noted that they had fallen for the second year in a row. The firm's Chairman commented at the time that "we had hoped that turnover would have grown by more than it did and probably hadn’t cut our cloth in terms of costs as appropriately as we could have".
A spokesman for the Law Society of Scotland told RollOnFriday that "Firms are required by the incorporated practice rules to send us their accounts at the same time they send them to Companies House, however the monitoring of timely submissions of accounts is a matter for Companies House."
Tip Off ROF
A spokeswoman told RollOnFriday that notes pertaining to bank loans in the previous year's accounts had "no bearing" on the delay, and "the 2014 accounts will be issued very soon". She wouldn't provide any further comment.
It seems extraordinary for a fairly sizeable firm - it has 29 partners - to be so remiss. As it stands the firm will be on the hook for a late filing fee, which probably won't trouble it too much. But failure to file accounts can be a criminal offence resulting in fines being imposed on directors personally. Why would McClures put itself in this position unless there was a problem getting the numbers to add up?
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McClures trying to hide something yesterday. How it might look. |
The firm first published its profits in 2013, when the Scotsman noted that they had fallen for the second year in a row. The firm's Chairman commented at the time that "we had hoped that turnover would have grown by more than it did and probably hadn’t cut our cloth in terms of costs as appropriately as we could have".
A spokesman for the Law Society of Scotland told RollOnFriday that "Firms are required by the incorporated practice rules to send us their accounts at the same time they send them to Companies House, however the monitoring of timely submissions of accounts is a matter for Companies House."
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