Has your company been dissolved and you want to restore it to the register to unfreeze your assets or continue to trade?
If so, we can help. We can restore your company back to the register in the most efficient and cost effective way possible. Contact us today and we can discuss the best way to restore your company.
There are two processes available for the restoration of a company. Administrative restoration and by Court Order restoration. How and why your company has been struck off will determine the process required to restore it.
Typically an administrative restoration will be used if the company has been struck off for not filing its statutory documents on time. In other cases a Court Order restoration may be required.
The most common reason for restoring a company is to recover company assets that have been passed to the Crown and frozen. The company restoration process allows for these assets to be re-claimed once the company is restored.
We specialise in the both types of company restoration.
Your company can be restored by administrative restoration if it was struck off due to non compliance at Companies House (ie late or non filing of required documents).
From the date a company is dissolved, 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.
Whether you need to restore your company to recover assets and funds held in frozen bank accounts or to continue trading we can help complete this process for you in a timely and efficient manner.
If the Registrar restores the company it is deemed to have continued in existence as if it had not been dissolved at all.
Our service includes the completion of all the required documents including the completion of any outstanding confirmation statements and waiver letters.
The administrative restoration method usually takes 2-4 weeks to complete once all paperwork is correctly completed and filed.
Court Order Restoration
If a DS01 form was filed to dissolve a company voluntarily, then the company must be restored via the Courts. This involves the application to be served on the Treasury Solicitor and the Registrar of Companies.
A company can be restored to the Register via Court Order to either continue trading or just to recover frozen assets.
If you want your company to continue trading, then any outstanding company accounts and confirmation statements will need to be completed and filed, and if there are any late filing penalties these will also need to be paid on restoration..
If you want to restore your company solely to recover assets then the statutory documents (accounts and Confirmation Statements) do not need to be filed, and the late filing penalties do not need to be paid. Instead an undertaking will need to be given to the Courts that the company is not going to trade again, and will be dissolved as soon as the assets have been recovered.
The timescale for a Court Order restoration is 3-4 months.
Administrative Restoration – £295 plus fees (and any late filing penalties if applicable)
Court Order Restoration – £695 plus fees (and any late filing penalties if applicable)
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For more information or if you would like to go ahead with a company restoration please contact us at [email protected] or call 0161 477 8282.