BREWDOG is yet to file its company accounts for this year, despite being due nearly two months ago.
According to Companies House records, Brewdog PLC last filed accounts dating up to December 31, 2022.
It was supposed to file its most recent accounts on June 30 – six weeks ago – for records dating up to December 31, 2023.
Public Limited Companies (PLC) such as Brewdog are required to submit accounts every 12 months for the financial year.
PLCs must file accounts with Companies House within six months of each financial year end, compared to nine months for Private Companies.
There is a penalty for filing accounts late, and a company can even be struck off the register for not filing, according to the UK Government website.
The typical penalty for Private Companies is £150 if the accounts are filed up to one month late, £375 for one to three months, £750 for three to six months, and £1500 for accounts that are filed more than six months late.
However, for PLCs the fine is much more extreme – up to five times more than what Private Companies can expect to be fined.
The fine is doubled if accounts are filed late two years in a row.
The company recently came under fire for scrapping part of its carbon neutral policy, leading Unite the union to accuse Brewdog of having “no morals”.
Some experts have raised concerns that the penalties for filing accounts are not enforced effectively.
Dan Neidle, founder of Tax Policy Associates, wrote on Twitter/X: “Brewdog is six weeks late filing its accounts.
Brewdog is six weeks late filing its accounts. Too many companies just ignore Companies House filing deadlines because they know there will be no consequences. Rules that aren't enforced may as well not exist. pic.twitter.com/j92Gnq9tZh
— Dan Neidle (@DanNeidle) August 9, 2024
“Too many companies just ignore Companies House filing deadlines because they know there will be no consequences.
“Rules that aren't enforced may as well not exist.”
Brewdog has been contacted for comment.
