Account warning to firms

THE head of the Companies Registration Office said firms that fail to file their accounts promptly will be struck off or face more serious consequences.

Paul Farrell, the companies registrar, said that the CRO has developed new software that will allow it to identify businesses that repeatedly fail to file accounts on time and incur penalties.

"We'll be using software we have developed to identify the companies that are consistently filing their returns late, or not at all and will be targeting them with one or more of the more serious penalties open to us," Mr Farrell said.