Company Out of Good Standing?
Outstanding accounts, audits and annual returns, planned and worked through in order for your Malta company.
- Auditing and Accountancy warrant held since 2017
- Struck-off risk assessed with you
You will speak with Andrew Fenech
Why Borg Galea
Ongoing work in one place
Accounting, tax, audit and corporate work continue through the same relationship.
A firm of 115+ people
We have grown from two people at the 2017 founding to 115+ at Borg Galea.
A team in Birkirkara
The team works from our office at Centris Business Gateway, Birkirkara.
“I really enjoyed the process with Borg Galea & Associates, of whom I have been a client for the past few years. They work one-to-one with you to make sure your business receives the attention it requires. The whole team has always been prompt, professional and highly responsive. I would recommend anyone to use their services as it feels more personal than other larger providers out there. Big thanks and looking forward to keep on working with you in the future.”
Marcel JaegerDirector - Infinium Digital Holdings- Borg Galea is a member of FinanceMalta, IFSP, MIA, MIT and MEA.
Which obligations are outstanding?
- 01
Outstanding financial statements
Accounts for one or more years were never prepared or approved. Tell us the years, and we check which records exist.
- 02
Outstanding audits
The accounts exist, but one or more audits are not complete. We confirm the years concerned and the order of the work.
- 03
Overdue annual returns
Annual returns for past years are missing. We list them and plan them alongside the open accounts.
From first conversation to agreed scope
- 1
Tell us what is overdue
In a first consultation, tell us the company, the years and what you believe is outstanding.
- 2
We confirm the backlog
We confirm which accounts, audits and returns are open, the order to clear them and any struck-off risk.
- 3
Scope agreed in writing
Your proposal covers each outstanding year and what we need from you; work begins once you agree it.
What company good standing means in Malta
A business in good standing is one whose statutory filings are up to date. For a Malta company, these include the annual return, a beneficial owner filing where there are corporate shareholders, and the financial statements for each year, audited where required. They apply whether or not the company trades, so a dormant company is not exempt.
Falling behind has practical effects. A director of a non-compliant company may find a new appointment elsewhere held up until the first company is put right. A company also needs to be in good standing before it can be formally liquidated, and being struck off does not make its liabilities disappear. Bringing a company back into good standing means catching up on every outstanding filing and settling any late filing penalties.
Who you will work with
Catching up needs audit and compliance work, which our audit manager and our risk and compliance manager cover.
Julian Sammut
Risk & Compliance Manager
Tatiana Muscat
Audit Manager
Andrew Fenech
Questions about good standing and overdue obligations
Can you help if several years are outstanding?
Yes. We confirm the full backlog with you and plan the order in which the accounts, audits and annual returns are dealt with.
Is my company at risk of being struck off?
That depends on which obligations are outstanding and for how long. We assess the risk with you and take it into account when planning the order of catching up.
Can you guarantee the backlog is cleared by a set date?
No. Timing depends on the years outstanding, the records available and the work involved; we discuss your deadline without promising a completion date.
What does the first consultation cost?
The first consultation is free and carries no obligation. Pricing for any further work is agreed in advance in a personalised written proposal, with no hidden charges.
Discuss your company's good standing
Tell us the company, the years affected and who holds the records; no documents needed yet.
You will speak with Andrew Fenech