Finance Expert shares if Everton under legal threat as Companies House document overdue

Dan Plumley has revealed the overdue confirmation statement Everton must submit to Companies House is not an immediate cause for concern.

The Blues are over two months late in submitting the document to Companies House after an initial deadline of 31 August.

While there are several possible reasons for the delay, Plumley affirmed Everton are under no immediate threat of legal action and suggested it could be a positive sign The Friedkin Group takeover is taking a step in the right direction.

“An overdue confirmation statement is not a problem itself. There are no financial penalties for missing a confirmation statement deadline,” Plumley exclusively told Goodison News.

“So, the fact that it is overdue doesn’t really tell us too much. It being late is not a problem at the moment. Not filing at all is when Companies House can start legal action against the Directors.

“Dissolving a company would be an ultimate last resort and would be way off in the timeframe. This could also be linked to the takeover as the confirmation statement provides an update on the company status and it’s main Directors, et cetera.

“We would assume that Everton are keeping their accountants and Companies House updated on this as well.

“It’s one to keep an eye on for sure but we can’t gleam anything concrete from it at this stage.”

Everton need to accelerate takeover process to ease concerns

Dan Friedkin is reportedly unhappy with the prolonged takeover process and rightfully so, since the AS Roma owner pipped John Textor to become the prospective owner of Everton, there has been little movement.

However, this is no simple transaction and will take time of course, but the longer the Blues wait to submit the said document to Companies House, the more likely legal action will become a genuine concern.

The possibility remains the delay is directly linked to the takeover and TFG is nearing the finalisation to assume ownership of the club from Farhad Moshiri but for now, this is merely hearsay.

Everton have endured their fair share of financial problems under Moshiri and adding further complications while the takeover is ongoing will surely further delay the process.

Regardless, the matter is a non-starter as things stand, Friedkin on the other hand, is refusing to rest on his laurels and beginning to put plans in place to hit the ground running on Merseyside once his long-awaited reign begins.

In other Everton news, Chris Sutton has predicted the scoreline of the Blues’ clash against Southampton.

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