The Process Of Restoring A Dissolved Company

By Jerry Phillips


Deciding to have a business is not something that can be done easily. You really have to wight out your options whether you should really do it or not and if you truly are ready for it. That is because, you would not know whether your limited company will be able to last longer and it might eventually dissolve. However, restoring a dissolved company is still possible.

Dissolving companies is a process done to close down a limited company. This removes the name of firm from the official register. Once it will be removed, your firm no longer exist legally in the eyes of the law. The following below is a step by step guide on how will you be able to restore the company back.

Let's start with restoration by court order. The good thing about this is, it is available to those who can legally claim against the disintegrated company. Specifically, individuals who were creditors during the time it was strike off. Also, those who had a contractual relationship with the firm before it reaches its end.

The court only restores when you meet at least only one condition of the three. It was only dispersed due to wind up. Considered to be dissolved under the administration. When your organization was not able to follow the right administration rule and decides to make do your own.

Do not lost hope when none of the conditions presented above are met, there is still another way. That is by filing through court order. There is a twist into this. The only individuals eligible are those who are from other party and not a former shareholder or a director. In other words, the creditors. They also have the higher chance of approval for petition.

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 containing a hundred pound. The hundred pound is the total fee for restoring. Then, prepare your outstanding documents. When every document is ready, submit them to CH. When they have all the necessary documents, all your records will now be pulled back and kept up to date.

Take note that there would be a fee for the restoration aside from the provision of undertakings which are signed. By now, you may have already noticed that there are quite a few of payments you need to make. With this, make sure to save some money so during the process you will not be having troubles paying for it.

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.




About the Author:



Grab The Post URL

URL:
HTML link code:
BB (forum) link code:

Leave a comment

  • Google+
  • 0Blogger
  • Facebook
  • Disqus

0 Response to "The Process Of Restoring A Dissolved Company"

Post a Comment

comments powered by Disqus