Forgemasters in ‘strike off’ threat

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Regulators have written to Forgemasters in Sheffield warning it could be ‘struck off’ and dissolved for failing to file its accounts on time.

The registrar of companies at Companies House has written to directors of the engineering firm, on Brightside Lane, after it missed a deadline at the end of September.

The letter states Sheffield Forgemasters International Ltd will be struck off the register and the company will be dissolved three months after the letter, dated January 5, was issued.

It adds: ‘Upon dissolution all property and rights vested in, or held in trust for, the company are deemed to be bona vacantia, and accordingly will belong to the crown’.

But chief executive Graham Honeyman said the accounts would be submitted within three weeks.

He added: “We are in the final stages of completing our company accounts and aim to submit these to Companies House within the next two to three weeks.

“Our decision to extend the accounting period for the last financial year to 18 months threw up some internal complications which we have had to work through and this has delayed the accounts filing process somewhat, but we are now clear of those issues.”

The firm last filed accounts in December 2013.

The business changed its year-end to December last year, but missed its September due date.

In November, Forgemasters confirmed it was in talks with potential investors.

A spokesman said: “I can confirm that talks regarding the potential for external investment into the company, as part of its long-term strategy, are still very much alive.’

The firm, which employs 800, makes giant castings used in heavy industries.