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Voluntarily Close Your Company with Xact+ Accountants
Striking off a limited company involves formally dissolving the business, resulting in its removal from the Companies House register. Once struck off, the company ceases to exist legally, and its assets become the property of the Crown.
Once a company is struck off:
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It ceases to exist as a legal entity.
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Any remaining assets become the property of the Crown.
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Outstanding debts are not automatically discharged, and creditors may pursue directors personally if they believe there was misconduct.
Yes, a struck-off company can be restored to the register under certain circumstances, such as:
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By court order, typically upon application by a creditor or shareholder.
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Through administrative restoration, if the company was struck off by the registrar and meets specific criteria.
Restoration must usually be applied for within six years of the dissolution.
A company can apply for voluntary strike-off if, in the previous three months, it has not:
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Traded or carried on business
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Changed its name
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Engaged in activities other than those necessary for making the application, settling debts, or complying with statutory requirements
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Been threatened with liquidation
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Had any agreements with creditors, such as a Company Voluntary Arrangement (CVA)
If these conditions are not met, the company may need to pursue voluntary liquidation instead.
After submitting the application:
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Companies House will publish a notice in The Gazette, announcing the proposed dissolution.
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If no objections are raised within two months, the company will be struck off the register.
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A final notice will be published in The Gazette, confirming the company’s dissolution.
To apply for strike-off, the company must:
- Deliver final accounts or tax return.
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Complete and submit Form DS01 to Companies House, signed by a majority of the directors.
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Pay the applicable fee (£33 online or £44 for a paper application).
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Notify all ‘notifiable parties’ (e.g., creditors, employees, shareholders) within seven days of submitting the application.
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