Penarth Pier Pavilion Ltd – the trading company which actually operates Penarth Pier Pavilion – could be soon “on the way to being struck off” according to the UK Government’s companies regulator Companies House .
Penarth Pier Pavilion Ltd [ a.k.a. PPP Ltd] is a wholly-owned subsidiary of Penarth Arts and Crafts Ltd [a.k.a. PACL] – the “not-for-profit” company and registered charity – which holds the 125-year lease on Penarth Pier Pavilion granted by the Vale of Glamorgan Council.
The Mayor of Penarth, Cllr Mike Cuddy sits on the board of Penarth Arts and Crafts Ltd as a director, a trustee and the nominated representative of the town but is not a director of Penarth Pier Pavilion Ltd.
Both Penarth Arts and Crafts Ltd and Penarth Pier Pavilion Ltd failed to submit their Annual Return (what’s now called a “Confirmation Statement“) to Companies House in Cardiff by the date on which the two respective statements were due. Companies House eventually received the required Confirmation Statement from Penarth Arts and Crafts late – on April 18th .
If any company fails to submit its Confirmation Statement on time, it can affect the firm’s credit rating . If the Confirmation Statement is not received within a month of the due date then Companies House can – as they put it – “begin the process of having the company shut-down”.
April 2nd 2017: This was deadline for Penarth Pier Pavilion Ltd to submit its Confirmation Statement to Companies House. It missed the deadline.
April 20th 2017: Companies House wrote to Penarth Pier Pavilion Ltd with a formal warning – telling the firm that its Confirmation Statement was overdue and giving it 14 days to respond. Three weeks on – and Companies House has still heard nothing from the the firm.
May 9 2017 : Companies House said yesterday afternoon that it had still not received the Confirmation Statement now long overdue from Penarth Pier Pavilion Ltd.
Penarth Pier Pavilion Ltd is now being sent a second formal warning letter giving another 14 days to respond. If Penarth Pier Pavilion fails to meet that deadline then a proposal to “Strike-Off” the company will be published in the London Gazette – a process which , as Companies House says, means that the firm is “well on the way to being struck-off”.
If Penarth Pier Pavilion Ltd is struck off , it would no longer be able to trade – meaning that the Pier Pavilion itself would have to be totally shut down or that a new commercial company would have to be set up to operate it.
A copy of the notice of striking-off would be placed on the company’s public record and in two months time Penarth Pier Pavilion Ltd would be officially dissolved – with further confirmation of this appearing in a second entry in the London Gazette.