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Seven of Blues chairman's businesses could face prosecution
BUSINESSES run by Southend United chairman Ron Martin could be prosecuted for not filing accounts on time.
The Echo has learned Martin Dawn, the parent company for all his businesses, is nine months late in filing accounts for the group for the 12 months up to July 2012.
Out of his 18 companies – many involved in property development – seven are late by six months or more in filing accounts. A Companies House spokesman confirmed the late filing was “being dealt with by a prosecution team”.
Geoff King, chief executive of Martin Dawn, said accounts would be filed soon.
He said: “It is the usual administrative issues, but the accounts are being submitted.
“It is quite a complex group now and there is lots to go through. We are waiting for some details for some of the offshore companies, but they will be filed imminently.”
Mr Martin’s building and investments firms have a history of late filing, but nine months is one of the longest delays on record. Of his 18 companies, two are offshore firms, while a number of others are considered dormant or small companies.
Companies House will chase directors for late accounts and after three months can take legal action, which could ultimately lead to companies being struckoff.
Martin Dawn was set to be struck off and dissolved from the company register in July, but was saved when an unnamed “third party” objected to the closure, suspending the action pending an investigation.
Mr King said the “third party”
referred to was actually directors of Mr Martin’s firms who had promised to ensure accounts were brought up to date.
In addition to problems over late accounts, there have been a number of skirmishes with the taxman over late payment of bills. However, Mr King said there were no longer any tax issues with Martin Dawn.
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