Reinstating a struck off limited company iwht Coddan: if you are looking to restart a limited company that was previously dissolved, you need to seek expert advice and make sure every step is correctly followed. Under certain conditions, limited companies which Companies House lists as dissolved can be reinstated and can begin trading again under their original name. If your business meets certain criteria and if you as the applicant are a director or shareholder of the business, you will be able to seek permission to start running again. Discover whether your limited company can be reinstated and let Coddan's company formation agent and legal experts take care of all the details for you. Call now for advice and further information.
|Restoration of a Limited Company to the Register|
Restoration of a dissolved company: we will help with the administrative restoration of a company, assist with restoring a dissolved company back to the register. The following services are included upon the restoration of a struck-off company: the preparation of all paperwork; the application at the Companies House & treasure solicitors; the service of documents on the defendants & receiving a letter of no objection (a waiver letter).
If your private company has been dissolved, you can apply to Companies House to get it restored to the register. This is a process known as administrative restoration, and only applies if: you were a director or shareholder in the dissolved company; the company was still trading at the time it was dissolved and if it was taken off the register within the last six years.
If you don't fulfil the above requirements, don't fret; the company can still be restored – the process will just take longer, as it will have to go through the courts.
The application process is fairly simple, and requires the completion of an application form, the supply of relevant documentation and the payment of a small fee. The registrar will then consider your application and then, hopefully, restore your private company to the Companies House register.
Coddan offers a full private company restoration service to the register service so, if you’re in any doubt as to your obligations when it comes to restoring your dissolved company, just get in touch with us today.
Restoring a company to the register isn't too complicated a process but you should be aware of certain conditions surrounding the registration.
For example, to apply to Companies House to restore your company you must have been either a director or a shareholder of that company. In addition to this, the company must have been struck off and/or dissolved within the last six years, and it must also have been trading at the time it was dissolved. If any of this is not the case you will need a court order for the restoration.
Finally, to complete the application to register you must fill out form, and send a cheque that is payable to 'Companies House' along with any documents of interest, such as annual returns or your accounts. You should also be aware of any penalty payments or filing fees you may be charged.
Finally, if the company had assets, a waiver letter will be required from Bona Vacantia (meaning vacant goods) as those assets go by law to the crown if they are deemed as owner-less. The form is the application itself for 'administrative restoration', so you will need to make sure it is filled out correctly. All of this being done and in order means you will then have to wait for a confirmation letter from the chief registrar.
If your limited company was dissolved and you hope to start trading again under the same name, there are steps you can take to get the business running. As long as certain conditions are met, the company can be reactivated through Companies House by filing a request.
However, there are times when this route is not possible. Only a director or shareholder can reinstate a company through a request, and only when the company was struck off within six years of the renewal request. The business must also have been a trading entity at the time of its dissolution.
However, there are ways to get the company reinstated even if the above conditions are not met, and Coddan's financial and legal specialists can help you with this. A court order can be issued, allowing others to access a dormant business or ensuring an older company can be added back to the register. Any party who had an interest in the business through connection or investment can make a request to reinstate a dissolved company.
It is the nature of business that the dynamic of the market often changes, as do financial circumstances, and directors who have had their companies dissolved can change their minds. So if you are in this position and you want to restore your company, how do you go about recovering it?
In some circumstances, you may have to go to the lengths of getting a court order to have your company restored. But if you can show that you were a director of the company, that it was struck off within the previous six years, and that it was still trading at the time it was struck off, you can apply for an administrative restoration.
To take advantage of this process, you need to fill in the correct application form, along with payment and other documentation to Companies House. If your company had assets you will also need to include a waiver letter.