Can you Strike Off a Limited Company with a Bounce Back Loan?

 

 

 

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Can you strike off a limited company with a bounced back loan? Just wanted to let you know that we're getting lots of calls on a daily basis from directors for our advice on whether or not you can strike a company off that has an outstanding bounce back loan. Well, the answer's pretty simple. No, you can't. You can't strike a limited company off. That's got an outstanding bounce back loan, as the bank will automatically put in on an objection to that and suspend the strike of application, meaning you'll be back at square one.

So the only way that you can close the limited company that has the outstanding bounce back loan is through a formal process of liquidation. So it's really important to understand. So you make the right decision for yourself and the business and protect yourself from any wrongdoing as a director.

So if you would like any free and confidential advice regarding this, please give ourselves a call myself Chris or any of the Real Business Rescue team on the number below, or simply click on the link.