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.
About our charges to stop the strike-off process & restoration services
In the case if your current company or an LLP is under the process of administrative dissolution, initiated by the Companies Registrar due to non-filing of annual accounts or/and returns, our professional charge to be involved into stopping the dissolution and returning a company or a partnership back into the good standing with the Companies Registrar is £280.00.
Our professional fee covers the liaising with the Companies House regarding the current status of your company & application to stop the process of administrative dissolution, this however does not include the preparation of annual return, and such service will costs you £90.00 per year of non-filing of annual return using the web-filing, or £120.00 for paper filing of annual return.
In the case when we will need to file annual accounts for the previous years we will be charging £200.00 per year for filing dormant accounts with the Companies House and HMRC. However, if your company is trading (active and involved into business transactions), or was trading, our charge to prepare such accounts starts from £1,250 per year, and depends on a few factors, such as the number of the banking transactions, & numbers of issued and received invoices.
Fees mentioned above will be added to the price of stopping the dissolution process and returning a company or a partnership back into the good standing with the Companies Registrar.
There is another important issue such as government penalties, which may need to be paid at the later stage, after your company have submitted outstanding documents. The amount of penalties may varies from £175.00 to £1,500 for private companies and LLPs and from £750.00 to 7,500 for public companies. If you need our assistance with the payment of fines & penalties, we can pay the debts on your behalf, but we are charging ten per cents on top of your current penalties & fines.
Should you require any further information, please feel free to contact us by phone or via e-mail to discuss your current situation and needs.