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About the business entity strike-off by Companies Registrar
Companies House also has powers to strike companies off the register if they appear to be no longer needed because they have not registered annual returns or accounts.
Company can be strike-off by Companies Registrar, if it is neither carrying on business nor in operation. The registrar may take this view if, for example: -
1. He has not received documents from a company that should have sent them to him; or
2. Mail that the registrar has sent to a company's registered office is returned undelivered; or
3. The company has no directors.
Before striking a company off the register, the registrar is required to write two formal letters and send notice to the company’s registered office to inquire whether it is still carrying on business or in operation. If he is satisfied that it is not, he will publish a notice in the relevant Gazette stating his intention to strike the company off the register unless he is shown reason not to do so.
A copy of the notice will be placed on the company's public record. If the registrar sees no reason to do otherwise, he will strike off the company not less than three months after the date of the notice. The company will be dissolved on publication of a further notice stating this in the relevant Gazette.
If the Companies Registrar has already started dissolution action under section 1000 (power to strike off company not carrying on business or in operation), we can help you to stop it.
About the assets of a dissolved company
From the date of dissolution, any assets of a dissolved company will be 'bona vacantia'.
Bona vacantia literally means 'vacant goods' and is the technical name for property that passes to the Crown because it does not have a legal owner. The company's bank account will be frozen and any credit balance in the account will be passed to the Crown.