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Less than half of the fines imposed on British companies were paid to provide their accounts late last year, which raised questions about the effectiveness of the companies’ house.

Only 73.5 million pounds, or 46 percent, were paid from fines of 158 million pounds granted to the violating companies in 2023/24, a decrease from 57 percent collected in 2019/20- The last full financial year before the companies ’house provided three- Extension of the month to apply between June 2020 and the April 2021 as a result of Covid-19.

Between the years 2018/19 and 2023/24, 386 million pounds of a total of 785 million pounds in fines for companies, according to the numbers revealed under the laws of information freedom.

Companies are granted sanctions from the companies ’house if they provide late accounts, with money that is eventually paid to the cabinet.

The fines range from 150 pounds for private entities that offer a file within a month from the deadline, to 15,000 pounds for the year, which offers more than six months late for two consecutive years.

Craig Bouont, Executive Director of the Union of Small Companies, said that the data raised questions about the disclosures related to fines by companies, an executive agency in the Ministry of Business and Trade.

While the agency publishes data on the number and value of the imposed fines, it does not specify the amount of fines that are already paid.

“If this is the same [directors of companies repeatedly]Collecting more and more fines but without meaningful connection, this will fall snow until the authorities begin to implement. ”

The failure to submit accounts is a criminal crime, as 987 managers have ruled not to do this in 2023/24, and they can eventually lead to the removal of companies from the companies’ registry.

Jonathan Dodley, a partner at the Crowe Accounting Company, said that the statistics are “worrying” and showed what happened if the managers of the rogue companies were not considered.

“You can threaten what you want, but if you don’t participate in the teeth, this will continue,” he said.

House companies said they “have strong measures to collect all unpaid penalties”, and that they “publish new powers to address continuous compliance.”

He added: “The debts are removed only after four years, and when all the recovery options are exhausted, or there is no economic benefit in following up more than that.”

Dodley said that the contrast between the fines paid and the amount imposed may also be evidence of the “ghost” companies that were formed during the epidemic to receive loans that bounce back, but are now insolvent with its “candidacy for hills” managers.

This is because companies that do not pay a fine may never offer their accounts because the company has been allowed to engage.

“If this [offending] COVIDs have been formed to secure Covid loans, it will be difficult to find individuals. “

Bounce Back Loans were launched in May 2020. It targeted the smallest companies, as it provided loans of 50,000 pounds – or 25 percent of annual rotation – to help them stay on his feet during the epidemic.

About 47 billion pounds of loans has been issued, without mandatory credit checks for borrowers. The government provided 100 percent guarantee for loans if companies could not pay.

In April 2022, the General Accounts Committee of the House of Commons estimated that up to 17 billion pounds of loans will not be recovered, with 4.9 billion pounds due to fraud.

A spokesman for the Business and Trade Administration said it “will always protect the interests of taxpayers” and appointed a commissioner to recover the missing money on fraud.