It is technically possible to dissolve or strike off a Limited Company with a Bounce Back Loan that is outstanding. However, it is generally not recommended because it is likely that it would be objected to, even if you do satisfy the relevant criteria.

2. Can I Strike Off A Company With A Bounce Back
Loan
• It is technically possible to dissolve or
strike off a Limited Company with a
Bounce Back Loan that is outstanding.
• However, it is generally not
recommended because it is likely that it
would be objected to, even if you do
satisfy the relevant criteria.

3. What Is The Criteria To Strike Off A Limited
Company?
• The criteria to strike off or dissolve a Limited Company is:
• No change of name in the last three months.
• No trading has taken place in the last three months.
• No disposal of assets for value prior to cessation of trading in
the last three months prior to the application being made to
dissolve the company.
• The company must not be in Administration or no processes of
placing the company into Administration presently arising.
• The company must not be being wound up and placed
into Liquidation.
• The company must not have an existing proposal for
a Company Voluntary Arrangement outstanding or in process.

4. What Is Trading For The Purposes Of A
Dissolution Application?
Trading is not the payment of a liability.

5. Why Might An Objection Be Lodged To
Dissolving A Company With A Bounce
Back Loan?
• The reason that an objection might be lodged if you were to
attempt to dissolve or strike off a Limited Company with a
Bounce Back Loan is because if a company has debts that it
cannot pay it is insolvent.
• If a Limited Company is insolvent and unable to pay its debts
when they fall due there are procedures set out in
the Insolvency Act 1986 that a company should go through.

6. • A Liquidation is an orderly winding up and finalisation
of a Limited Company’s affairs after it has ceased
trading. It is a process that is overseen by
a Liquidator.
• If you attempt to bypass a Liquidation procedure by
seeking to strike off your Limited Company then
creditors owed money such as the Bounce Back Loan
creditor that has not been repaid may consider that
the correct process has not been undertaken to wind
down your company.

7. What Happens If A Creditor Objected To My Company Being Struck Off?
• If a creditor objected to the striking off of your company
or its dissolution then you should typically receive from
Companies House a notice informing you of this position.
You would then have a number of options:
• Do nothing.
• Apply to go into Creditors Voluntary Liquidation.
• Apply to go into Compulsory Liquidation.
• Negotiate with the objecting creditor to see if further
action can be avoided.
• Take professional advice.

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