Strike Out Company Permit For Free

The duration of an active proposal to strike off varies, but a minimum of two months. This begins from the date the DS01 form is submitted and accepted by Companies House. During this period, Companies House will send out various notifications and warnings.

Once a company strike off form has been filed, the company can no longer trade, sell company assets or become involved in any other business activities. For all intents and purposes, your business is closed. If your company is found liable for the above, you could face severe penalties.

When it comes to Creditors' Voluntary Liquidations, the process of placing the company into a CVL can take as little as 14 days. However, completing the liquidation is a process that will often take between 6-24 months depending on the size of the firm and its individual circumstances.

The reasons why Companies House may strike off a company are usually that the company has failed to comply with certain legal requirements, including but not limited to: Failure to submit timely accounts. Failure to submit an annual confirmation statement. Failure to pay fees or penalty fees.

The compulsory strike off process is usually initiated by Companies House in response to a failure to file accounts or an annual confirmation statement. A notice will be published in the Gazette declaring that the company will be struck off in three months and removed from the Companies House Register.

Why Would a Company be Struck Off? Failing to submit your annual confirmation statement (Form CS01) Failing to file accounts on time. Failing to notify Company House about a change to your official regsitered office address.