On Monday BuzzFeed UK has been told the company will be dissolved within two months should they fail to file their accounts with Companies House.
The online media website missed their deadline at the end of September to submit their financials for 2018, a First Gazette notice was issued for compulsory strike off on Monday.
The notice reads, “The Registrar of Companies gives notice that, unless cause is shown to the contrary, the company will be struck off the register and dissolved not less than two months from (December 10).”
Julie Palmer, insolvency expert at Begbies Traynor said, “Receiving a notice like this is more common than you might think, but it’s not often a cause for concern without any clear reasons behind it.”
In 2017 the company made a turnover of £33.4m with a pre-tax loss of £1.9m, compared with revenues of £20.5m and a pre-tax loss of £3.3m in 2016.
A BuzzFeed spokeswoman said the account will be filed soon.