No risk as West Brom as paperwork delay likely at Companies House – Finance Expert
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive West Brom columnist. Each week he’ll be giving his views on the biggest talking points at The Hawthorns...
Dan Plumley has insisted that a processing delay is likely behind overdue paperwork from West Brom on Companies House, with no risk attached.
It emerged on January 3 that the Baggies’ confirmation statement was overdue, with potential fines on the cards should that not be sorted, with it arriving days after that.
The finance expert admitted that every company has to submit their statement yearly, regardless of industry, so any delay is natural given the amount of work needed to get through them.
“It’s more likely to be a processing thing,” he exclusively told West Brom News.
“A confirmation statement is something that every company has to do, regardless of industry or size, and all it basically does, company directors and those at the top get a statement which basically says can you confirm that the overall structure of the business is the same, and is the same shareholder offerings and votes per share.
“It’s just a formal document that has to be completed, every company has to complete one every year.
“It’s relatively light touch in the grand scheme of things unless you’re making significant changes, but because every company has to go through it, Companies House then has to process every single one of those.
“It’s probably more a case of a delay in that being processed and going through, rather than anything that is really at risk at the club.”
In other West Brom news, Plumley has also predicted that a change of ownership is needed at The Hawthorns
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