Tweetdeck, the UK social media client software supplier acquired by Twitter in 2011, could be struck off from the Companies House register if it does not provide its company records within 98 days.
The company has yet to submit its accounts with Companies House, missing the deadline of September 30 2012.
If it does not submit its accounts in the next 98 days, Tweetdeck will be struck off from the registry of limited companies. This means it will lose its limited liability status, making the company’s directors – which include Twitter CEO Dick Costolo – personally liable for its actions.
A Companies House spokesperson told Information Age this morning said that it was rare for an established company to face being struck off. It usually happens when a company’s directors decide not to persevere with the business.
Twitter has yet to comment on the news.
Twitter acquired London’s TweetDeck for a reported £25 million in 2011. The company’s software allows users to monitor Twitter more effectively and manage multiple accounts from a single interface. Some users have complained that the product has deteriorated since the acquisition.