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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.

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.

Can I stop a compulsory strike off?

You can let the company be formally closed and removed from the official register. If you want to accept the strike off and close your company but have outstanding debts and/or assets, you'll need to follow the legal dissolution route of Company Liquidation.

How long does it take to strike off a limited company UK?

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 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.

form ds01

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When can I use Form DS01?

A DS01 form is used to formally dissolve a limited company and remove its name from the Companies House register, which means it will no longer legally exist.

How do I get a DS01 form?

A DS01 is the form you will have to submit if you want to dissolve your limited company. The form can be obtained from Companies House, filled in by hand, and posted. You can also complete this process entirely online through the Companies House website.

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.

Is striking off the same as dissolving?

To dissolve a company, which is also known as 'dissolution' or 'striking off', is a way of closing down a limited company by removing its name from the official register held at Companies House. Once the name is struck off the register, the company no longer legally exists.

Can a company be struck off?

A voluntary strike off is when a director applies to dissolve the company. This will usually be when they have no more reason to run the company\u2060\u2014for example, if they want to retire, or they want to end one company to focus on other projects.

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