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Striking off a company can be an alternative to placing the company into formal insolvency when there are simply no assets in the company to fund a liquidation or the directors are unwilling or are unable to personally meet the costs of a liquidation. A Strike Off Application is not always a applicable and therefore it is always best to seek professional advice from a licensed insolvency practitioner to discuss all of the options available to the company to see if a Strike Off Application is the best course available to the directors. A Strike Off Application is not a formal insolvency process under the Insolvency Act as it is in fact a Companies House process and therefore it will never be as quick and as efficient as a formal liquidation. There are certain restrictions regarding when a company can be struck off which are basically it has not traded or changed its name in the last 3 months. Provided that the company meets all of the qualifying criteria the first step to apply for a s