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...
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 most likely a processing issue,” he exclusively told West Brom News.
“Every company, regardless of industry or size, is required to issue a confirmation statement, which basically asks company directors and those at the top to confirm that the overall structure of the business is the same, as are the 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 rather light touch in the great scheme of things unless you’re making significant changes, but because every company must go through it, Companies House has to handle each and every one of them.
“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 forecasted that a change of ownership is required at The Hawthorns.
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