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Checking new client out on companies house.

  • 4 posts
  • # 71781

Hi

I have had a potential new client contact me.  I have just looked on Companies House website to just make sure that the company are who they say they are but their status shows as "Active - Proposal to Strike off"  What does this mean?  Should I steer clear of them?

Maria
Peasie
  • Member PM.Dip
  • Practice Licence
  • 481 posts
  • # 71784

It may mean they haven't submitted their accounts at Companies House on time. This is probably why they are getting in contact with a bookkeeper now. You'll be able to see this from the date the accounts were due and how long overdue they are.
  • 4 posts
  • # 71785

They do have an accountant who currently does their bookkeeping, they want me to do some invoice raising/credit control. Their accounts are about 4 months overdue. Do you think that it may just be a genuine mistake or a company to avoid?
Peasie
  • Member PM.Dip
  • Practice Licence
  • 481 posts
  • # 71788

I'd wait and see what the more experienced members of the forum think. It may be they are just bad at administration and now they are getting fined decided it's time they got their finger out and got things sorted. A quick google led me to believe this was more a filing at companies house problem rather than a business about to go down the pan.
  • Member PM.Dip
  • Practice Licence
  • 117 posts
  • # 71789

Hi Maria

As Peasie said the issue is getting the accounts finalised - it doesn't necessarily mean they are crooked!

Try meeting up with them and ask why the accounts haven't been filed, ask for payment up front and just see how they are.  If you feel a negativity to any of those points then don't bother.

Part of me thinks that if they can't file the accounts on time they won't bother to pay you on time or properly.  But at the same time it could be an opportunity to sort out their books and get them up to date. 

As it is potentially a higher risk client you may want to charge a bit more, but if they question this you can justify it by saying you're saving them the penalties they would have paid without you!
  • Member PM.Dip
  • 113 posts
  • # 71870

I think it's more likely to be a late Annual Return if Maria is correct and the accounts are only 4 months late. 
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