Why UK govt. shut down Peter Obi’s company

Authorities in the United Kingdom shut down Next International (UK) Limited for failing to submit its annual accounts. The company is owned by Labour Party’s presidential candidate Peter Obi.

Premium Times, in its report on the matter, said that the company was removed from the record in September 2021, following a first and second gazette notice of “compulsory” strike off of the entity.

It is explained in the report that the UK usually strikes off any company that fails to submit its annual accounts or fail to notify Companies House about a change of official registered office address.

Once a company is struck off, its details will be removed from the Companies House register and the company ceases to exist.

In its own case, Next International (UK) Limited failed to submit its annual accounts for the year 2020. It was gathered that the authorities first issued a notice to strike off Next International on 22nd June 2021, then a second notice, on 31st August 2021. A final gazette to dissolve the company was issued on 7th September 2021.

Before its final dissolution, records show that for four consecutive years (2017, 2018, 2019 and 2020) the UK Companies House had to always issue a “first gazette notice for compulsory strike-off” before Next International filed its annual account. Then immediately the company submitted its annual accounts, a gazette will be issued to discontinue the compulsory strike-off action.

Next International, a private limited company, was incorporated on 16th May, 1996. Obi was listed as a director while his wife, Margaret, served as secretary. Next International (Nigeria) Limited (with 999 ordinary shares) and Obi (with one ordinary share) were listed as shareholders.


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