This manual may offer comprehensive advice on how to restore your company in the UK, regardless of whether you had chosen to strike off a firm deliberately or were forced to temporarily clamp it down.
The guide will also discuss how long it typically takes to finish your restoration process and how to ask for extra attention if your repair is denied.
What situations qualify your dissolved company for restoration?
For a variety of reasons, companies may be reinstated in the Company House registry. Former shareholders or directors may want to resurrect their previously disbanded company, especially if they perceive the business's trading potential.
In some situations, a company in the UK may be reinstated through a registration made by a creditor of the firm during the time of termination.
A reinstatement is also necessary to resolve disputes if there is someone who supposedly has a legal claim against the dissolved firm or exhibits a shared interest in an asset with the company in issue.
The restored business must be open within six years of the application's filing. Additionally, the company director must confirm that the operation was active and trading at the time of dissolution.
Who is in charge of the company's rehabilitation process?
The decision and execution of the restoration procedure shall be made solely by the Director or Shareholder of the Company. The court will be in charge of reviewing your request once a restoration request, or generally known as administrative, has been recorded.
Remember that depending on where the company was registered, the application must be submitted to the appropriate authority.
An English- or Welsh-registered business should submit a request to the Companies Court registry in London.
How may administrative restoration be initiated in the UK?
The quickest way to restore your business is through administrative restoration because it doesn't require a court order for the business to fill out and submit the application to Companies House. Directors who had to dissolve their companies when they still had prospects for trade do so frequently.
The director or shareholder of the company will have to complete form RT01, the mandatory administrative restoration application, during the preparation phase.
Also required is a cheque for £100 made out to Companies House and signed by the proprietor of the company.
Continue reading, source: https://bbcincorp.com/offshore/articles/uk-company-restoration
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