Force India deny future in doubt

Mallya adamant situation is under control

By James Mason   Last updated: 6th February 2010   Subscribe to RSS Feed

Force India deny future in doubt

Force India: Potential dissolution

We are taking all the necessary steps to ensure filing is made on or before that date

Vijay Mallya
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Force India team principal Vijay Mallya has denied the future of the team is in doubt after they were unable to present mandatory documents to Companies House.

Financial accounts for 2008 were due to be lodged in October last year, but the Formula One team failed to comply.

Force India has since been granted a deadline extension of February 25, with the threat of dissolution hanging over them if they miss the date.

Mallya has been quick to respond, however, and is adamant that the situation is under control.

He said: "It is not unknown for companies to file their annual returns late, the reasons for which are varied.

Uncertainty

"Force India has been in constant communication with Companies House and an extension to file was granted on January 27, with a grace period to February 25.

"This is a standard procedure and not uncommon in any industry.

"We are taking all the necessary steps to ensure filing is made on or before that date.

"Therefore Force India's participation within the F1 championship has not, and will not be in jeopardy."

The team are planning to launch their new VJM03 car on Tuesday, one day prior to their participation in the second pre-season group test at Jerez.

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