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I have just spoken directly to Companies House about the situation regarding Telnic Limited (Company No. 03555437).
It appears they are NOT in Administration but they have used a LITTLE KNOWN BUT LEGAL LOOPHOLE to buy extra time over and above the normal 9 months after the Financial Year End (Accounting Reference Date or ARD) for accounts delivery.
The very helpful guy from Companies House explained what they had done.
Their ARD had already been EXTENDED BY THE MAXIMUM 6 MONTHS once this year BUT they then SHORTENED IT BY JUST 1 DAY from 31/12 to 30/12.
This second change of ARD which took place on 25/9/14 we all assumed was a 2nd Extension (which is only permissible with Administration status) but as mentioned it was actually a shortening.
When an ARD is shortened you apparently get 3 months from the date it is shortened to for accounts delivery - add 3 months to the ARD form date of 25/9/14 and you get 25/12/14 - Xmas Day and the new deadline date for their accounts submission !
So it isn't 2 ARD Extensions - which would mean an Administrator had been appointed - but 1 Extension of 6 months followed by 1 Shortening of 1 Day - to buy an extra 3 months of time using this legal loophole.
Talk about cunning - or whatever else more explicit you want to call it - reminds me of how they formed Telnames Ltd. (to sell direct and bypass their own Registrars) as "technically a .Tel Reseller" to get round ICANN's prohibition of them owning 100% of a .Tel Registrar !
http://MikeSeaton.tel
Ref: http://companycheck.co.uk/company/03555437/TELNIC-LIMITED/companies-house-docs
It appears they are NOT in Administration but they have used a LITTLE KNOWN BUT LEGAL LOOPHOLE to buy extra time over and above the normal 9 months after the Financial Year End (Accounting Reference Date or ARD) for accounts delivery.
The very helpful guy from Companies House explained what they had done.
Their ARD had already been EXTENDED BY THE MAXIMUM 6 MONTHS once this year BUT they then SHORTENED IT BY JUST 1 DAY from 31/12 to 30/12.
This second change of ARD which took place on 25/9/14 we all assumed was a 2nd Extension (which is only permissible with Administration status) but as mentioned it was actually a shortening.
When an ARD is shortened you apparently get 3 months from the date it is shortened to for accounts delivery - add 3 months to the ARD form date of 25/9/14 and you get 25/12/14 - Xmas Day and the new deadline date for their accounts submission !
So it isn't 2 ARD Extensions - which would mean an Administrator had been appointed - but 1 Extension of 6 months followed by 1 Shortening of 1 Day - to buy an extra 3 months of time using this legal loophole.
Talk about cunning - or whatever else more explicit you want to call it - reminds me of how they formed Telnames Ltd. (to sell direct and bypass their own Registrars) as "technically a .Tel Reseller" to get round ICANN's prohibition of them owning 100% of a .Tel Registrar !
http://MikeSeaton.tel
Ref: http://companycheck.co.uk/company/03555437/TELNIC-LIMITED/companies-house-docs
