Companies House has threatened to strike West Midlands International Airport Ltd from its register and dissolve the business, as its accounts are five months overdue.

A statement issued on Monday said: "The registrar of companies gives notice that, unless cause is shown to the contrary, at the expiration of three months from the above date (April 7 2009] the name of West Midlands International Airport Ltd will be struck off the register and the company will be dissolved."

The Baginton site would come under government ownership if the company is dissolved.

Coventry Airport director Brian Cox said: "The late registration of our 2007 accounts with Companies House is presently being addressed by both our finance department and company accountants.

"I would personally like to apologise for any inconvenience this delay has caused and would like to assure all concerned that this oversight will be rectified immediately."

Commercial passenger flights to and from the airport ceased in November. It has since relied on freight and business travel.