Minoan Group faces penalties over delayed accounts filing

Published 02/06/2025, 12:02
Minoan Group faces penalties over delayed accounts filing

LONDON - Minoan Group Plc, a company listed on the London Stock Exchange (LON:LSEG), has missed the statutory deadline for filing its annual report and accounts for the fiscal year ended October 31, 2024. The company was supposed to file the documents by April 30, 2025, but failed to do so and also did not request an extension from Companies House in time.

On May 21, 2025, Companies House granted Minoan a 28-day deferment, setting a new deadline of June 18, 2025. However, Minoan’s subsequent request for an additional extension was denied on May 29, 2025. The Directors of Minoan consider it probable that they will not meet the upcoming deadline. If the company fails to file by June 18, 2025, Companies House will issue a final warning letter allowing an additional 28 days for compliance. Non-compliance beyond this period could lead to a breach of the Companies Act 2006.

The company has already incurred a civil penalty for the late filing. Further consequences could include criminal proceedings against the Directors if the accounts remain unpublished past the final deadline set by Companies House.

The Directors of Minoan Group Plc have stated that they will provide further updates on the situation as it develops. The information from this article is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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