A compulsory strike off means that your company has been removed from the official register at Companies House and formally closed.
It’s sometimes referred to as dissolution and tends to be issued on the grounds that the company in question is no longer trading or has failed to conform to legal requirements
Moradia Isolada com Logradouro; Detached house with patio in Penacova
What is a Compulsory Strike Off?
1.
2. A compulsory strike off means that your
company has been removed from the official
register at Companies House and formally
closed.
It’s sometimes referred to as dissolution and
tends to be issued on the grounds that the
company in question is no longer trading or has
failed to conform to legal requirements.
A strike off can be voluntary, put forward by
Directors who have no other use for the
company and want it to close, or compulsory,
put forward by a third party petitioning for your
company’s closure.
3. A company would be forcibly struck
off by Companies House due to:
Failure to submit timely accounts
Failure to submit an annual confirmation
statement
Failure to conform to legal requirements
The company having no appointed
directors
The company having ceased trading
4. In all cases of compulsory strike off, the company in
question will be sent at least two formal letters
warning them of imminent strike off and detailing
the issues they have.
Companies House does have to have reasonable
grounds to believe that the company isn’t trading
and should be struck off, before taking action.
If Companies House fails to get a response from the
company after sending two letters, they will publish
their first strike off notice in the Gazette. This
notice declares that the company has two
months before it is struck off and ceases to exist as
an official company.
5. WHAT ARE MY OPTIONS FOLLOWING
A REQUEST TO STRIKE OFF
The options you have following a request to strike off are based on 2 main factors – whether you want
your company to close or you wish to remain trading.
If your company is accepting the strike off:
In certain cases, the company may be coming to a natural end and directors are happy for the company
to be struck off. In this case, so long as you:
Have no outstanding debts;
Have realised all of your assets;
Have ceased trading
6. If your company is disputing the strike off:
If you believe that the strike off is unjust or details are incorrect, you will need to send off a suspension
application directly to Companies House.
You may have to rectify any issues, such as:
Filing missing accounts
Sending off relevant statements
Proving that you are currently trading.
7. If you don’t respond to a compulsory strike
off, Companies House can strike your
business off the register even if you’re still
actively trading. This would mean that:
Your company ceases to legally exist
You will no longer be able to dispute the
strike off
You will be denied access to financial
support
Directors may face investigation into
potential misconduct that led to the strike
off