Northern & Shell, whose other assets include the Daily Express, the Daily Star and celebrity title OK!, will incur the penalty because its full-year accounts ending December 2009, due to be filed at Companies House, are more than two months late.
Companies House rules state that companies that fail to file their accounts on time face, financial penalties.
Repeat offenders could face criminal action and directors can be prosecuted, under the Companies Act, according to Companies House.
But Northern & Shell – which employs accountancy firm KPMG to scrutinise its accounts – filed its previous year's full-year accounts on time and there is no evidence that it will face criminal proceedings.
Failure to file financial accounts between one and three months after their due date incurs a fine of £1,500. Between three and six months, the fine is £3,000 and for more than six months' delay, the fine is £7,500.
In June this year, Desmond purchased Five, which runs TV's Channel Five, from the entertainment network RTL for £104m.
Northern & Shell was unavailable for comment.
Companies House rules state that companies that fail to file their accounts on time face, financial penalties.
Repeat offenders could face criminal action and directors can be prosecuted, under the Companies Act, according to Companies House.
But Northern & Shell – which employs accountancy firm KPMG to scrutinise its accounts – filed its previous year's full-year accounts on time and there is no evidence that it will face criminal proceedings.
Failure to file financial accounts between one and three months after their due date incurs a fine of £1,500. Between three and six months, the fine is £3,000 and for more than six months' delay, the fine is £7,500.
In June this year, Desmond purchased Five, which runs TV's Channel Five, from the entertainment network RTL for £104m.
Northern & Shell was unavailable for comment.
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