What Happens to Struck off or Dissolved Companies?
If a limited company has been struck off or dissolved, it is removed from the Register at Companies House and its cash and assets transfer to The Crown. In order get these assets back you will usually need to go through a process known as company restoration.
There are two routes you can take in the company restoration process:
Both of these routes Formations Direct can assist you with, so call today on 0800 085 45 05 and one of our experienced restorations team members will be happy to help you through the process. If for any reason you're unable to get in touch with our team members please complete our downloadable form by clicking the button below:
Restore Your Struck off Company Now
Once a company has been struck off the register it cannot be involved in any type of business activities, trade, selling of assets or making payments due to the fact the company ceases to exist at the date of dissolution.
If a company still trades prior to being struck off or dissolved before its restored to the Register at Companies House serious legal repercussions can occur, including personal liability for company debts and a host of contractual and other legal issues.
The name of a struck off or dissolved company becomes available to use in a new company incorporation. If you want to restore a struck off or dissolved company to public record you may have to change the business name as somebody else may have formed a new company using the name of the struck off or dissolved company prior to your company restoration application.
Unless you are eligible for a Discretionary Grant, the only way a struck off or dissolved company can release any assets (held as "bona vacantia") is by way of an application to the Treasury solicitor and the Registrar of Companies within sections 1024 - 1029 Companies Act 2006, (formerly 651, 652 and 653 of the Companies Act 1985), for a company restoration (PDF file - 1MB), either through court or by means of administrative restoration. In other words, you need to reinstate a struck off or dissolved company by way of a company restoration. (PDF file - 1MB)
In other words, you need to reinstate a struck off or dissolved company by way of a company restoration which we will be happy to help you with by contacting us on 0800 085 45 05.