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If your strike off application has been suspended, this means a creditor has objected to your dissolving the business and your company will therefore remain active and on the Companies House register. The company will not be dissolved until another application has been made and no objections received, or you take steps to have the company placed into liquidation.
If you have made the decision to strike off your limited company by submitting the DS01 form to Companies House, you may find your request blocked or suspended. 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.
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Start The 60 Second TestIn this situation there are three main options open to you.
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Whether your company is solvent or insolvent, there are a number of ways to bring your business to a close. Speak to a member of the Real Business Rescue team today to understand your options.
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If your company is struggling with unmanageable debts, squeezed cash flow, or an uncertain future, you are far from alone. We speak to company directors just like you every single day, and we are here to give you the help and advice you need.
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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. Call our expert team today to arrange a free no-obligation consultation.
Still unsure whether liquidation is right for your company? Don't worry, the experts at Real Business Rescue are here to help. Our licensed insolvency practitioners will take the time to understand the problems your company is facing before recommending the best course of action going forward based on your own unique circumstances.
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