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REREG 30 -Private to Public Solvency Statement - Declaration of Solvency section 39

REREG 30 -Private to Public Solvency Statement - Declaration of Solvency section 39 2026

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The document is a Solvency Statement required under Section 39 of the Companies Act 2014, declaring that the directors of a private company have assessed its financial situation and believe it can pay its debts. It outlines the intention to reduce capital upon re-registration as a public limited company and includes provisions for winding up within 12 months if necessary.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Company Number in the designated field. This is crucial for identifying your company.
Next, fill in the Company Name accurately as it appears on official documents.
In the declaration section, input the full names and addresses of all directors. Ensure that this information is complete and correct.
Review the statement regarding the company's ability to pay its debts. Choose between options (a) or (b) based on your situation, deleting the one that does not apply.
Date the statement appropriately by filling in the day, month, and year.
Finally, ensure all directors sign where indicated. You can easily add signatures using our platform’s signature feature.

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What do you mean by declaration of solvency?

A declaration of solvency is a formal, written declaration, made by the majority of the directors of a company stating that in the directors opinion, the company is solvent. Solvency refers to a state in which a debtor is financially sustainable, and can therefore pay all debts as and when they become due and payable.

Who prepares the Declaration of solvency?

A Declaration of Solvency is a statutory declaration made by the directors of a company, stating that they have thoroughly reviewed the companys financial situation and believe that the company is solvent.

How to get a declaration of solvency?

You make the declaration to the solicitor, who swears the declaration. It is a criminal offence to make a false declaration. The declaration is an assurance to the Lender and/or Buyer that the transaction will not be reversed. Gifted transactions require a declaration to be made in front of a solicitor.

What is a declaration of solvency?

A declaration of solvency is a legal document which must be signed by a majority of the directors of a company prior to it being placed into a Members Voluntary Liquidation procedure.

Why do I need a declaration of solvency?

A declaration of solvency is required when entering a members voluntary liquidation. It is a sworn declaration that states that the business in question can afford to pay off all creditor debts. Directors must consider any interest that will be accrued during this time.

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What is an example of a declaration of solvency?

I am transferring the Property from {FULLNAME} to {FULLNAME} of {HOMEADDRESS} nil consideration. The transaction is not for the avoidance of any creditors as I am solvent and able to meet my debts and commitments within the meaning of the Insolvency Act 1986.

REREG 30 -Private to Public Solvency Statement - Declaration of Solvency section 39 2026

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What do you mean by declaration of solvency?

Who prepares the Declaration of solvency?

How to get a declaration of solvency?

What is a declaration of solvency?

Why do I need a declaration of solvency?

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