LFGSS and Microcosm shutting down 16th March 2025 (the day before the Online Safety Act is enforced)

No. I am just a voluntary fact checker who helps scared people. All I have is what I shared, those quotes from Ofcom's own website.

How I know about this is just that this story is spreading virally on the internet. I fact checked it for scared people who worried it meant small businesses and voluntary organizations would have to shut down.

And after fact checking it I thought as a courtesy I'd post back here in case my fact check was useful to Velocio as they don't seem to be aware that the penalty is limited to a fraction of the turnover.

If the main concern is a penalty of £18 million it is pretty clear this simply can't happen. Indeed if the turnover is £0 not sure they can even do any fine. But the text doesn't explicitly say "any fine has to be less than the turnover". So to confirm that, I'd recommend contacting someone from Ofcom if available.

So anyway hope this helps :). Just going the extra mile to help someone in case it helps.