Removing a company from the register can save money and reduce risk by removing an ongoing compliance burden. However, if it is not done properly then there are inherent risks involved. We handle the entire process of removing a redundant company from the company register through the striking off procedure, giving you peace of mind.
This method of removing a company is governed by section 1003 Companies Act 2006 (previously section 652a Companies Act 1985).
This process is only available if during the previous three months the company has not done any of the following:
- traded or otherwise carried on business;
- changed its name;
- made a disposal for value of property or rights that, immediately before ceasing to trade or otherwise carry on business, it held for the purpose of disposal for gain in the normal course of trading or otherwise carrying on business. For example, a company in business to sell apples could not continue selling apples during that 3 month period but it could sell the truck it once used to deliver the apples or the warehouse where they were stored:
- engaged in any other activity except one which is necessary or expedient for the purpose of:
- making an application for strike off or deciding whether to do so (which would include contacting us to discuss striking off);
- concluding the affairs of the company;
- complying with any statutory requirement.
Please note that this is not a suitable process for an insolvent company or a company that cannot pay its debts. For more information on how to strike off a company, please contact us.