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How can I stop my first gazette notice for compulsory strike off?

There are two ways a company can be stuck off the register at Companies House, either voluntarily should the directors decide they have no further use for the company, or alternatively a third party could petition for its compulsory dissolution.

What does it mean when a company applies to be struck off?

Striking off is the process by which a limited company is removed or 'struck off' the Companies House Register. Once the company is removed from the register, it ceases to exist and can no longer trade, make payments or sell assets.

How long does it take to strike off a company?

It takes at least three months for a limited company to be struck off the Companies House register. Once the completed DS01 form has been submitted and assuming all the details are correct, Companies House will send acknowledgement of Active Proposal to Strike Off status in the post.

What happens when a company is struck off?

Company strike off \u2013 sometimes known as dissolving a company \u2013 is an informal way of closing down a limited company which is no longer required. This could be because the company has ceased trading, the director is approaching retirement, or simply because the directors have no desire to continue running the business.

What is DS01?

Form DS01 is used to formally dissolve or strike-off an unwanted company, which means its name will be removed from the Companies House register and it will no longer legally exist.

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How long does it take to strike off a company?

It takes at least three months for a limited company to be struck off the Companies House register. Once the completed DS01 form has been submitted and assuming all the details are correct, Companies House will send acknowledgement of Active Proposal to Strike Off status in the post.

Why would a company want to be struck off?

If the company has debts it cannot afford to repay i.e. it's insolvent, you might feel like a compulsory strike off is an effective way to close the company down without having to repay its debts.

What is DS01?

Form DS01 is used to formally dissolve or strike-off an unwanted company, which means its name will be removed from the Companies House register and it will no longer legally exist.

What is DS01 form?

A DS01 form is used to voluntarily dissolve a limited company. It is sent to Companies House, and if accepted, results in strike off from the Register of Companies. Prior to sending form DS01, the company needs to meet certain eligibility criteria: It must not have traded for three months.

How do you strike off a company that has never traded?

Luckily, it is quite simple to close your limited company if it is dormant or has never traded. You will simply need to fill out form DS01, which is the application to strike off.

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How can I stop my first gazette notice for compulsory strike off?

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