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 three month delay.

A spokeswoman told RollOnFriday that notes pertaining to liablities 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 is probably on the hook for a late filing fee, which I daresay won't trouble it too much. But failure to file accounts can a be a criminal offence resulting in fines being imposed on directors personally. Why would McClures put itself in this position?

    Bad McClures! Naughty!

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".

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