Your opinion seems IMHO to reflect the facts of the situation.

The point I am making is that unlike under the jurisdiction of the SEC in the USA, the UK Government will eventually take action if the Accounts and Annual Return are not filled and that action could see the Directors of a company that does not file convicted of serious offences for failing to file, heavily fined and disbarred from holding any directorships in the UK or EU - IF THEY DON'T FILE AND ARE CONVICTED - IF.

IMHO, They run the risk of be declared "Unfit Persons" to run companies and if they don't respond to the Summons for failing to file, they face arrest rival at an EU airport.

If they let this run its course, then there could be a fullscale inquiry that could lead to the Fraud Squad having the drains up on the books and if you are right, further charges could follow.

ALL THIS IS SPECULATION BASED ON THE LEGAL REQUIRMENTS IN THE UK.