This manual may offer comprehensive advice on how to reinstate your company in the UK, regardless of whether you had elected to strike off a firm voluntarily or were forced to temporarily clamp it down.
The guide will also discuss the typical turnaround time for your restoration process and how to ask for extra attention if your repair is denied.
What conditions make the resuscitation of your disbanded company possible?
Different justifications exist for restoring companies to the Company House registry. Former shareholders or directors may seek to revive a previously disbanded company, especially if they see the business's trading potential.
In some situations, a company in the UK may be reinstated by way of a registration made by a creditor of the firm during the time of termination.
A reinstatement is also necessary to resolve disputes if any person has a legal claim that the dissolved company is responsible for, or if they show a shared interest in an asset with the firm in question.
Within six years of the application's filing, the desired business must be operating again. In addition, the company director must confirm that the company was running and doing business at the time of dissolution.
Who has control over the process of company restoration?
Both making the choice and carrying out the restoration process will be entirely the director's or shareholder's responsibility. The court will be in charge of considering your request once a restoration request, or generally referred to as administrative, has been recorded.
Don't forget that the application needs to be sent to the appropriate authority, depending on where the company was registered.
On behalf of a company with an English or Welsh registration, a request must be sent to the London registry of the Companies Court.
In the UK, how do you begin the process of administrative restoration?
The simplest method of recovering your firm is administrative restoration because it doesn't require a court order; instead, the business can fill out the application and send it to Companies House. Directors who had to disband their companies typically employ this strategy because the potential for their enterprises to trade still exists.
A mandatory administrative restoration application (form RT01) must be completed by the director or shareholder of the company during the preparatory phase.
A check for £100 made out to Companies House and addressed to the company's owner is also required.
Keep reading: https://bbcincorp.com/offshore/articles/uk-company-restoration
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