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Many
companies are struck-off by the Registrar of Companies and the first
the directors know about it is when the company bank account or other
assets are frozen! The most common reason is usually for failing to
file Annual Returns or Accounts. Frequently companies themselves apply to be
struck-off, but overlook transferring credit balances from their bank
accounts first, or forget about other assets.
All the
assets of a struck-off company vest in the Crown
(known as bona vacantia), so if that company
wishes to continue in business, unfreeze a bank account or there is
property it wants to keep or retrieve, it's not as simple as just
incorporating a new company - the original company must be restored to
the Companies House register.
Businesslegal
makes many company restoration applications each
year to restore dissolved and struck off companies to the Register,
quickly and cost-effectively. We deal with both administrative restorations
and restoration by court order.
If you wish to make an
immediate enquiry or instruct us please go to our UK company restoration enquiry form.
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