The Scottish brewer missed the end-of-June deadline without explanation, exposing a flaw in the current system where the maximum fine of £7,500 is insignificant for larger companies. Mr Neidle argues that late filing fees should be proportionate to a company’s size, ensuring that all businesses, regardless of scale, take filing deadlines seriously.

While the government maintains that the current penalty system is adequate, with 99% of companies filing on time, Neidle points out that large companies like BrewDog are more likely to disregard deadlines due to the negligible fines. He contrasts this with FTSE 100 companies, where late filing is unheard of due to the potential repercussions, City AM reports.

Despite new powers granted to Companies House to challenge inaccurate information, the fines for late filing remain unchanged. This issue has persisted for years, with thousands of companies missing deadlines annually.