The United Kingdom government has halted operations of Next International (UK) Limited, which is owned by Labour Party leader Peter Obi.
According to Premium Times, Next International (UK) Limited was struck out for failing to meet the deadline for submitting its annual accounts.
For the fourth year in a row, Peter Obi’s company was reportedly served with the first warning of eviction. Photographer: Peter Obi
Twitter is the source.
It was reported that the company has been off the radar since September 2021 after a first and second gazette notices of “compulsory” strike off of the entity were confirmed.
The UK government has sanctioned the policy of compulsory strike-off when a company fails to meet its annual account submission deadline or fails to notify Companies House of a change of official registered office address.
Further information revealed that if this sanction is imposed on a company that fails to meet the requirement, its profile will be deleted from the Companies House register, confirming its non-existence.
Meanwhile, the UK government requires the Companies House Registrar to issue at least two letters of warning to the affected company before the company is removed from public records. This, in turn, will result in an immediate strike out action.
In the case of Next International, it was discovered that there was no response to the two letters sent between June 22nd, 2021 (first) and August 31st, 2021 (second), resulting in the issuance of the final gazette to dissolve the company on September 7th, 2021.
According to the records gathered, Next International was served with the “first gazette notice for compulsory strike-off” four times (in 2017, 2018, 2019, and 2020) for failing to submit its annual accounts on time.