Companies targeted over late accounts

THE Companies Registration Office (CRO) has launched a crackdown on companies that repeatedly fail to file their annual accounts on time.

The CRO has developed a software programme to identify firms that have not filed their accounts by the date they should and monitor persistent offenders.

The launch of the Integrated Enforcement Environment programme has already thrown up 5,000 companies that could be struck off the Register of Companies and lose their limited liability status. This would mean that the firms' directors could be personally liable to their creditors if they go out of business.