Updated: 29th January 2021
If you have made the decision to strike off your company by submitting the DS01 form to Companies House, you may find your request blocked. This is typically because you have outstanding creditors who stand to lose the money your company owes them should your company be struck off and removed from the register. This could be a supplier chasing an unpaid invoice, or HMRC wanting to collect unpaid tax. A company has two months from the date your strike off application is advertised to submit their objection. If Companies House holds up their objection then your application for strike off will be suspended, and your company will remain active.
In this situation there are three main options open to you.
A licensed insolvency practitioner will ensure the company is closed down in the correct way. Following the liquidation, you do not need to worry about creditors petitioning for your company to be reinstated, instead you can rest assured that the company has been formally shut down and you can move on.
If you are considering closing down your company, you should make it a matter of priority to contact a licensed insolvency practitioner who can give you the help and advice you need to make the best decision for you and your company. Real Business Rescue has a nationwide team of licensed insolvency practitioners who can talk you through your options and help you decide on your next move. With 100 offices stretching from Inverness down to Exeter, Real Business Rescue can offer unparalleled director advice across the UK. Call our expert team today to arrange a free no-obligation consultation.
28th July 2021
The number of UK companies in positions of ‘significant financial distress’ were up 24 per cent at the end of the June 2021, as compared to the same point of last year.Read More
22nd July 2021
The Confederation of British Industry (CBI) has called for an “immediate rethink on self-isolation rules” to help businesses manage their workforces as the economy reopens and recovers.Read More