News On F1 - Formula 1 News, Results, Information and Statistics

F1 News  F1 Schedule  F1 Line-up  Teams  Drivers  F1 Tickets  F1 Coverage
 

F1 News - Companies House threatens to dissolve Force India - February, 2010

Feb.5 (GMM) Force India faces dissolution by the UK's Companies House, according to a report in the Daily Telegraph.

The newspaper said the Silverstone based team, reportedly in danger of not being able to race this season, has failed to lodge its mandatory financial accounts for 2008.

The due date was the end of last October, and on January 26 a notice of dissolution was sent to team directors Michiel Mol and Vijay Mallya.

"We have been discussing an extension to that filing deadline with Companies House because we needed more time to get the accounts in order," said Force India's new chief operating officer Otmar Szafnauer.

"On January 28 we got written confirmation of a deadline extension to February 25. If we don't make this the question is then what happens," he explained.

Szafnauer added that Force India, whose 2006 and 2007 accounts were reportedly also filed late, should be able to meet the new deadline.

A Companies House representative said: "If they do submit their accounts by February 25, there will be time for us to suspend the dissolution process.

"The ball is in their court. It (the dissolution) is only going to be suspended when the accounts are received. If we don't receive any accounts in the next three months we are going to strike the company off," the representative warned.

Latest F1 News - Mobile version
26 Feb: New Ferrari not quickest in field - Domenicali
26 Feb: Red Bull still best in 2013 - Tost
26 Feb: 2014 French grand prix 'possible' - Prost
26 Feb: Danica Patrick 'not interested' in F1 switch
26 Feb: Report - Gilles Simon working on F1 engine for Honda
26 Feb: Gutierrez plays down link to Carlos Slim
26 Feb: Caterham exhaust 'legal' insists van der Garde
26 Feb: McLaren replaces Mercedes-bound Lowe
25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report
25 Feb: Mercedes-bound Lowe to miss 2013 opener - report
25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda
25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013
25 Feb: New Ferrari 'much better' than 2012 - Massa
25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez
25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri
25 Feb: Williams removes controversial exhaust trick
25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia
25 Feb: Lotus to fight Red Bull for title - Gutierrez
25 Feb: Marussia 'ahead of Caterham' - Chilton
25 Feb: Sutil will not stay in F1 as test driver

The latest F1 News - Mobile Version

F1 News  F1 Schedule  F1 Line-up  Constructors' Championship  Drivers' Championship  F1 Tickets  Live F1 Coverage

Full Version: Formula 1 News  Formula 1 Schedule  Formula 1 Line-up  Constructors' Championship  Drivers' Championship  Live F1 Coverage  10 'n' Pole  F1 Regulations  The Forums  Motorsport Shop  F1 Merchandise  F1 Tickets  F1 Diecast  F1 Videos  F1 Games

Back To Top