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Temporary suspension of company strike-off and dissolution

When a company is struck off the register at Companies House, it means that the company has been dissolved and will no longer exist, but what happens if your company strike off has been suspended?<br>In order for your application to strike off companies to be suspendedu00a0a creditor has objected to your dissolving the business and your company will therefore remain active and on the Companies House register.<br>The company will not be dissolved until another application has been made and no objections received.<br>

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Temporary suspension of company strike-off and dissolution

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  1. Temporary suspension of company strike-off and dissolution

  2. Company strike off has been suspended When a company is struck off the register at Companies House, it means that the company has been dissolved and will no longer exist, but what happens if your company strike off has been suspended? In order for your application to strike off companies to be suspended 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.

  3. Why has my company strike off been suspended? There are a number of reasons why your company’s strike-off may have been suspended. The first reason is that the Companies House may have received new information about your company that means it is no longer eligible for strike-off. Alternatively, there may be an ongoing investigation into your company that has led to the suspension of its strike-off. Finally, your company’s strike-off may have been suspended due to a change in the law or other regulatory requirements.

  4. What are your options if your compulsory strike-off action has been suspended? • The first thing you need to do is find our who suspended the action, you should make contact with Companies House directly and they will be able to tell you the nature of the objection and who made it. This is important because only then can you clear the specific impediment to your strike off being accepted.  • If you have applied to Companies House in order to voluntary strike off your company here are three main options open to you. • Re submit your application– and hope that your creditor does not object this time around. You may be lucky and your application may slip under the net, however, you should be aware that your company can be restored to the register even after it has been struck off should a creditor be able to give a valid reason for this.

  5. HMRC objection– you need to find out which taxes are outstanding and for what period as it may be several years that have accrued rather than one outstanding period. In all likelihood if HMRC are the objecting party then they will write to you outlining their objection and suggested remedies. • Small debt–  you could pay off your creditor and once this has been settled simply submit the strike off application again. As your company now does not owe anything, there is no reason for your application to be rejected. • Enter into a formal liquidation procedure– to bring about the end of your company. This will typically take the form of a Creditors’ Voluntary Liquidation (CVL).

  6. Valid reasons for objections to company strike-off • There are a number of reasons for a company strike-off procedure being rejected or suspended is if HMRC believe that the company has unpaid tax liabilities such as VAT or corporation tax. • Objections can also be raised by other interested parties such as: • Creditors who have unpaid bills with the company. • Anyone who has proof that the company has traded, or changed its name within the last 3 months. • Any interested party who was not informed by the directors of the application to strike-off the company.

  7. A company strike off is a process by which a company is removed from the register of companies and dissolved. The process is typically initiated by the company itself, but can also be instigated by creditors or the government. In some cases, the process of strike off may be suspended, meaning that it is temporarily halted and the company remains on the register. Reasons for suspension may include outstanding debts or legal disputes, or the need for the company to continue trading in order to pay off its creditors. Suspending a strike off can also be used as a way to buy more time to resolve any issues that are preventing the company from being dissolved. It is important to note that, during the suspension period, the company will still be considered as dissolved and will not have any legal capacity to trade or enter into any contract.

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