business services corporate and commercial

How to tackle company recovery

 
For a businessperson, the idea of your business or one you are involved with being dissolved is a scary one. However, getting it back to life can be a challenge worth undertaking.
 
Although the decision to close or dissolve a company is normally taken with the informed, strategic involvement of the company’s directors, Companies House can strike off a company which does not have a director. Regardless of the circumstance, businesses can live again through “recovery”. 
 
A company that has been removed from the Register of Companies at Companies House can be restored either by a Company Restoration by Court Order or by Administrative Company Restorations.
 
If you want to restore a company to release its assets, such as money in a bank account or property, a court order is usually the best option. It is the only option when a company was struck off as a result of a voluntary application. Application must be made within six years of the date of dissolution and this can be made by a former director, shareholder, liquidator or creditor of the dissolved company.
 
If a company has been struck off by the Registrar of Companies, usually for failing to file accounts or annual returns, it may be eligible for an Administrative Restoration. A Crown Representation Waiver has to be applied for, and all outstanding Companies House filings must be made and any late filing penalties paid in full. An assurance is also needed that the company was trading when it was struck off and will continue to trade after restoration.
 
Else Solicitors has an experienced company restoration team which can handle all the formalities and documentation for you, including liaising with the Companies Court and Companies House. We are proud of our track record in making successful applications to restore a company. Attention to detail, skills in compiling evidence and a thorough understanding of company restoration legislation is 
 
If you are interested in recovering a company, Else Solicitors can help. Please call 01283 526200, alternatively you can send us a message and we will get in touch at a time that suits you.
 
 

Share This

Copy Link to Clipboard

Copy