I think we’d all like to be able to turn back the hands of time.
We all know the life cycle of a company – it gets incorporated, it lives its life with us and whether it’s ready or sometimes not, it gets struck off the register and dissolved. The end… or is it?
Is it possible to breathe life back into a company? What happens when a company wants to return from the dead, from the depths of dissolution? Does it travel to another world seeking mythical advice, longing to hear tales from a time that was long forgotten?
The not so difficult to acquire, not so mythical solution that every director seeks to bring their company back to life on the register, is indeed the process of restoration. Filled with magical powers, the restoration team at Companies House are the team that can resurrect a lifeless company, and are truly one to behold if you’re searching for the answers to the age-old question;
“What happened to my company and how do I get it back?”
This depends on how the company was dissolved.
If the company was dissolved through non-compliance, having been struck off the register due to the late filing or non-filing of documents (this could include – confirmation statement and annual accounts), administrative restoration may be applicable.
We can only accept applications to restore a company from a former director or member of a limited company or a former member of a limited liability partnership (LLP) within 6 years of the company dissolved date.
If the registrar restores the company, it is deemed to have continued in existence as if it had not been dissolved and struck off the register.
- File form RT01 along with its £100 filing fee to apply for administrative restoration.
- Bona vacantia* waiver letter. This must be obtained for any company with assets including a company bank account or property belonging to the company.
- All outstanding documents and fees required to bring the company’s filing record up to date. These documents will include the confirmation statement along with their £40 filing fee per form, and any overdue annual accounts.
The restoration team handles some of the most varied work within Companies House. We examine documents to restore the company to the register for administrative restoration, and supply the registrar’s requirements to the Government Legal Department to prepare for a court order restoration.
If you want further information, we’ll be delivering a webinar on 28 June which will focus on administrative restoration.
Register for our live webinar on Thursday 28 June 2018, 10:30am to 11am.
We’ll tell you how you can restore a company and what you need to do to have your application accepted by Companies House. We’ll look at common reject reasons and highlight what you need to do to avoid being struck off the register in the future.
We’ll also talk about any relevant fees and tell you about our late filing penalty structure.
Anyone who intends to make an application to restore a company by court order is advised to seek independent legal advice.
*A BV waiver letter is confirmation that the Treasury Solicitor will have no objection to the restoration of the company in question and will upon restoration, release any assets held by the crown, back to the company.
Our website has more information on how to apply for the waiver letter.