The candidate of labour party (LP), Peter Obi has seen his business dissolved for failure to submit it’s annual accounts
The company, Next International Limited (UK) failed to submit its annual accounts for the year 2020, hence, the company was struck off and dissolved in 2021
As it is the law in UK, a compulsory strike off is imposed on a company by creditors or by the Companies House for non-submission of annual accounts or failure to notify Companies House about a change of official registered office address.
Once a company is struck off, its details will be removed from Companies House register and the company ceases to exist
Before a company is dissolved, the UK requires the Companies House’s Registrar to send at least two formal letters to the company warning that a failure to file its annual accounts will lead to its removal from the register.
The first official notice to strike off Next International was issued on 22nd June 2021, then a second notice was given on 31st August 2021. A final gazette to dissolve the company was issued on 7th September 2021.
On the Next international limited website, it also confirms that the company was dissolved in September 2022.
