A Step By Step Guide In Restoring A Dissolved Company

By Jerry Phillips


The sad reality is that there are only a few businesses that stands the test of time which last forever. Time will come that you already have to dissolved your company. Some thinks that doing it means it is already the end of journey. For those who changes their mind, restoring a dissolved company is possible.

Dissolving is what people would do when they want to, or they are forced to close their firm. This means the name of your name will be removed from the list of official register. Businesses who are not listed on the registered is considered to be non existing by the law. Presented below is a guide in restoring companies.

First, check if you are qualified to apply. Before you start applying for one, make sure that you are qualified for an administrative restoration. You will only be qualified when the reasons the company has been shut down is due to not being able to file a confirmation statement, they think that your firm is dysfunctional, failed to make a response to the law with what is the current status.

You only will be fit to apply when the person who requested to dissolve it is either a director or a shareholder at the time of disperse. If such application was requested within six years from the exact date of being dissolved. Lastly, the company was still in operation when it was decided to disperse.

The procedure you have to go through is easy, but there are still requirements some requirements you need to have. The form you will be needing is the part eight. This must be accompanied by a statement of witness with an exhibit. Make sure that the full details is present. Explain what happened to the firm and why you are trying to restore it again.

Apply for an administrative restoration in the Companies house. For the application to become successful, you need to send some items to CH. Get yourself a form RT01. The details that has to be inputted on it are the name of the dispersed firm, its registration number, statement of compliance confirming that the applicant has the right to file, and an alternative firm name, optional.

A cheque worth one hundred pounds. This is the fee for the restoration. To avoid uncertainty, a company number has to be restored and written in reverse. All your outstanding documents such as your accounts and statements of confirmation should be submitted to CH so that your records will be up to date.

Every outstanding documents correspond to a penalty. The only way to get rid of such penalties is when you pay many for it. A statutory penalty is only given when you filed your account late from the expected date given. Once everything is okay, CH will now start the process for the application you made.

Wait for a notice of restoration. This can only be received when the application was a success. Once processed, the firm will immediately appear on the register again. But, it will remain on the record that it was once dissolved. This history can be found on the website of the CH.




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