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DO YOU HAVE A COMPANY TO BE RESTORED?
We offer a high quality and efficient company restoration service throughout England & Wales. Changes to company restoration procedures and timescales were introduced by the Companies Act 2006. Our experience can help you to achieve the most suitable and cost effective solution for restoring your company.
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Administrative Restorations
Administrative Restorations were introduced on 1st October 2009 by the Companies Act 2006. If a company has been struck-off by the Registrar of Companies, usually for failing to file Accounts or Annual Returns, it may be eligible for an Administrative Restoration.
Administrative Restorations do not involve an application to the Court but do require that all outstanding Companies House filings are made and any late filing penalties are paid in full before the company can be restored, and confirmation that the company was trading at the time of strike-off and will continue to trade after restoration.
It is also necessary to apply for Crown Representative waiver, as all the assets of a struck-off company vest in the Crown. If that company wishes to continue in business, it’s not as simple as just incorporating a new company – the original company must be restored. Otherwise, purporting to deal with any assets of a struck-off company – e.g. debts due, stock, leases, premises or even goodwill – may be an offence. We have long experience of quickly and efficiently obtaining Crown Representative waivers without which Administrative Restorations are not possible.
For administrative restorations our guaranteed fixed fees start at only £135 plus disbursements.
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Court Restorations
Company restoration by Court Order is required when the company itself has applied to be struck off, or is not eligible for an administrative restoration or wishes to be restored for a limited purpose and will be struck off again.
Sometimes companies themselves apply to be struck off but neglect to first transfer out assets held by the company, such as bank balances or title to property. It may also come to light that an asset such as overpaid VAT, a dividend in a liquidation or a long delayed insurance claim payout is due. In such cases a company will usually want to be restored to the register. We also have experience restoring companies for the purpose of pursuing personal injury claims or for recovery of post-liquidation assets. We work closely with solicitors for court restorations.
For standard company restorations our fixed fees start at only £399 plus disbursements. This usually takes 8-10 weeks.
We can often restore a company in as little as 20-25 working days in urgent matters. We agree a reasonable expedited application fee in those cases, guaranteed in advance in all cases.
If required we can also make an application on behalf of a restored company to recover assets from Bona Vacantia.
Call the Company Restoration team on 020 7504 1299 for further details of costs, timescales and who can apply for a Court restoration.
Crichtons has a wealth of expertise in restoring companies to the Register, quickly and cost-effectively. We arrange all court applications in the High Court (Companies Court) London as that is the quickest location.