A second notice will be published in the Gazette, which means the company will not legally exist anymore (it will have been ‘dissolved’). If there are no objections to strike off, the company will be struck off the register once the 2 months mentioned in the notice has passed. the Belfast Gazette - for companies incorporated in Northern Ireland.the Edinburgh Gazette - for companies incorporated in Scotland.the London Gazette - for companies incorporated in England and Wales.When we receive your application, we will confirm that it has been completed correctly and publish it in the Gazette. You do not have to file final accounts with Companies House. If your company has traded, but meets the conditions, you must send your final statutory accounts and a Company Tax Return to HMRC, stating that these are the final trading accounts and that the company will soon be dissolved. Once you’ve applied for strike off, you must inform HMRC that the company has never traded and will shortly be struck off the Companies House register. If your company has never traded, the process is quite simple. This includes members (shareholders), creditors, employees and directors who did not sign the application. A copy of the application must be sent within 7 days to anyone who could be affected. Form DS01 can also be filed on paper – this usually takes longer to process.įor companies with multiple directors, more than half of the directors need to sign the application before it can be submitted. You can apply to strike off your company online, using your Companies House account and authorisation code. Any credit balance in the account and other assets will pass to the Crown - you’ll have to restore the company to get anything back. The company’s bank account will be frozen from the date of dissolution. If you do not do this, any assets of a dissolved company will be become property of the Crown because it does not have a legal owner. Employees (if any) must be treated according to the company rules, business assets disposed of, and accounts emptied. You must announce your plans to all interested parties and HM Revenue and Customs (HMRC). Before you applyīefore applying for strike off, you have certain responsibilities to close down your company properly.
If your company does not meet these conditions, you’ll have to voluntarily liquidate your company instead. has no agreements with creditors, such as a Company Voluntary Arrangement (CVA).has not traded or changed names in the last 3 months.You can apply to strike off your company, but only if it: By doing this, the company ceases to exist, and you will not need to send us any further information like your annual accounts and confirmation statement.įor a voluntary dissolution to begin, the company must meet certain conditions.
The legal term for this process is dissolution or striking off.
#STRIKE OFF LISTED MEANING HOW TO#
How to remove your company from the Companies House register Having a plan to help you to wind things up will make the process go smoothly. Even though there are good intentions to run the business, things do not always go to plan and sometimes you might have a registered company you no longer want or intend to use.įor others there may come a day when your company is no longer economically viable or there is no one to take over or to pass the company on to when you decide to retire. Some people will register a limited company with a well-intentioned desire to trade at a future date, or simply because they want to protect the business name. Once registered with Companies House, people often overlook that having a company brings legal responsibilities and information that must be filed every year, even if the company is dormant or not trading. The process for starting a limited company is relatively straightforward and our guidance will take you through everything you need to set up.
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