Lycamobile faces being struck off UK company register

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Ethnic MVNO failed to file accounts for last year, according to Companies House

Ethnic MVNO Lycamobile faces being struck off the UK companies register after failing to file accounts for 2015, according to Companies House.

The company is allegedly facing a tax bill of up to £9.5 million from HMRC for unpaid taxes, reports in The Guardian claim, but now the firm has also missed an accounting deadline by over two months.

If struck off, the MVNO would be forced to set up as a new company in order to operate in the UK.

The report claims Companies House has sent two warning letters to the MVNO. The next stage would see it listed for late filing in the London Gazette next month, starting a two month ultimatum period. If Lyca fails to pay during that time, it could be struck off.

The news comes just months after an investigation from Buzzfeed News raised serious questions over Lycamobile’s “deeply suspicious” cash practices.

The investigation found Lyca employees “hundreds of thousands of pounds” in rucksacks at post offices across London every day. Lycamobile denied any wrongdoing.

Mobile News contacted Lycamobile for a response about its tax affairs and is awaiting a response from the MVNO.

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