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If
the reason for restoring the company is to continue
business and stay on the Register then this cheaper
option is available.
Since
1st October 2009 the Companies Act 2006 it has been
possible to make application directly to Companies House
and not to the court. It only applies to companies wishing
to continue trading after restoration and an undertaking
must be given to this effect. Typically this form of
restoration applies for example to a company that was
dissolved because its accounts or annual return were
not filed.
Administrative
Restoration for a struck off or dissolved company can
only be used where:
(1)
the company was carrying on business, or in operation
at the time of dissolution
(2)
the company has been struck off under sections 1000
or 1001 (power of registrar to strike off defunct company)
[VIEW ACT]
(3)
the application is made within a period of 6 years after
the date of dissolution
(4)
the Crown has signified consent (Bona Vacantia issue)
(5)
the company has delivered all the necessary documents
to bring the company up to date, i.e. all outstanding
documents at the time of dissolution and any that have
fallen due during the period of dissolution, and paid
any relevant penalties under Section 453 or corresponding
earlier provisions (civil penalty for failure to deliver
accounts) that were outstanding at the date of dissolution
or striking off
Effect
of administrative restoration
The
general effect of administrative restoration to the
register is that the company is deemed to have continued
in existence as if it had not been dissolved or struck
off the register.
COSTS
Administrative
Company Restoration Cost
Our fees
£199 (inc)
Bona Vacantia fee
£79
Companies House fee
£100
Total
£417.80
Notes
(1)
Any former director or shareholder of a company dissolved
under section 652 of Companies Act 1985 or section 1000
of the Companies Act 2006 can apply.
(2)
Companies that were struck off the Register due to a
voluntary application made by the directors cannot make
application.
(3)
Outstanding accounts and annual returns must be filed,
even for dormant or non-trading companies.
(4)
Late filing penalties (if applicable) must be paid to
Companies House with the application.
(5)
The timescale for company administration is approximately
4-5 weeks
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