This is our most popular package with UK non-trading companies, and includes:
The preparation and submission all necessary forms to strike-off of your company from Companies House;
The government fee for incorporation is included in the price of this package;
The dissolution of a limited company usually takes as little as four to six months from the time that your application and payment are received by Coddan.
A private company that is not trading may apply to the Registrar to be struck off the register. It can do this if the company is no longer needed.
The procedure is not an alternative to formal insolvency proceedings where these are appropriate, as creditors are likely to prevent the striking off.
A private company can apply to be struck off if, in the previous three months, it has not:
Traded or otherwise carried on business;
Changed its name;
For value, disposed of property or rights that, immediately before it ceased to be in business or trade, it held for disposal or gain in the normal course of its business or trade;
Engaged in any other activity except one necessary or expedient for making a striking-off application, settling the company's affairs or meeting a statutory requirement. However, a company can apply for striking off if it has settled trading or business debts in the previous three months.
Company Restorations
£ 250.00
Restoring a proposal to struck off limited company to the Register (if a company is still in dissolution).
You may apply for this service if your company is still undergoing the dissolution process with the Companies House.
Our £250.00 fee covers the application for company restoration to the Register.
Late filing penalties are not included into our fees for the restoration service.
This usually takes between 1-2 weeks from the time of application to the complete restoration of the company.
If your company has been dissolved, and there are assets or monies in the company's name, you will need to take prompt action to have the company restored to the Register.
On dissolution of the company any assets remaining in its name passed to the Crown.
Therefore the company's members and directors must not attempt to use any of its assets e.g. a company bank account.
Contrary to popular myth the formation of a new UK limited company with the same name as the struck off or dissolved company is not an alternative to restoration of a company to the Register.
It will be a different company - a new company formation is exactly that - a new company registration - and the assets of the previously dissolved company will remain beyond your reach unless the proper procedures are followed for restoration to the Register at Companies House.
If you trade prior to being restored to the Register there can be serious legal repercussions, including personal liability for company debts and a host of contractual and other legal issues.
Restoration of a Company
£ 1,250.00
Restoration of a company (standard service - if a company has been dissolved already).
This usually takes between 6-8 weeks from the time of application to the complete restoration of the company.
Our fees for this service are: £450.00, Court fees & disbursements: £480.00, Companies House legal fees: £320.00. Total: £1,250.
Contrary to popular myth the formation of a new UK limited company with the same name as the struck off or dissolved company is not an alternative to restoration of a company to the Register.
It will be a different company - a new company formation is exactly that - a new company registration - and the assets of the previously dissolved company will remain beyond your reach unless the proper procedures are followed for restoration to the Register at Companies House.
If you trade prior to being restored to the Register there can be serious legal repercussions, including personal liability for company debts and a host of contractual and other legal issues.
Restoration of a Company
£ 1,850.00
Restoration of a company (standard service - if a company has been dissolved already).
We can somewhat speed up the process of a restoration by giving it high priority and attending the various requirements in person, rather than relying on postal return.
This option will take approximately 3 weeks from the time of completed documents to the complete restoration of the company.
Our fees for this service are: £950.00, Court Fees & disbursements: £580.00, Companies House legal fees: £320.00. Total: £1,850.
Contrary to popular myth the formation of a new UK limited company with the same name as the struck off or dissolved company is not an alternative to restoration of a company to the Register.
It will be a different company - a new company formation is exactly that - a new company registration - and the assets of the previously dissolved company will remain beyond your reach unless the proper procedures are followed for restoration to the Register at Companies House.
If you trade prior to being restored to the Register there can be serious legal repercussions, including personal liability for company debts and a host of contractual and other legal issues.
Late filing penalties were introduced in 1992 to encourage directors of limited companies to file their accounts on time because they must provide this statutory information for the public record. Section 242A of the Companies Act 1985 says that penalties will be imposed on any company that delivers its accounts to Companies House after the period allowed for filing. ("Statutory" means by law).
WHAT IF I AM FILING MY COMPANY'S FIRST ACCOUNTS?
If you are filing your company's first accounts and they cover a period of more than 12 months, they must be delivered to the Registrar within 22 months of the date of incorporation for private companies and 19 months for public companies.
Important Links
Coddan is one of the foremost and most economical providers of limited companies formation and new business entity registration services in the UK. Coddan is a leading company set-up agent that has expertise in off the shelf companies, ready-made companies, own name company formation as well as company search, credit checking, company secretarial, accounting and bookkeeping, tax advice & charity registration. Simple cost effective limited company set-up. No paper forms to complete, all information provided electronically. Coddan offer a range of services for business, including business company set-up, virtual office services, mailing address, and company secretarial services.
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HOW CAN I AVOID PENALTIES?
Allow enough time to ensure that your accounts reach the Registrar within the period allowed in the Companies Act. First-class post is not guaranteed so if the filing deadline is looming, then please consider guaranteed methods of delivery that will ensure that your accounts arrive on time. Remember: the Registrar will not waive a penalty if your accounts are delayed in the post. To help you file on time:
Mark your diary or calendar to remind you in good time of the filing deadlines. Read the filing reminders Companies House send to your registered office. If appropriate, instruct your accountants in good time and remind them of the need to prepare and deliver your accounts on time.
Our team is available to ensure your company complies with all the requirements of Companies House. We can help with:
Maintaining statutory registers. Preparing minutes of directors' and shareholders' meetings. Preparing and filing Annual Returns. Document preparation covering a wide range of requirements e.g. written or elective resolutions. Preparation of annual general meetings. Preparation of dividend vouchers and minutes. Allotments and transfers of shares. The provision of a registered office. At our disposal we have a state of the art database, which ensures that our service is cost effective, efficient and readily accessible to you.
You will be relieved of these administrative and compliance burdens, giving you more time to concentrate on the business of managing your company. Keep us informed of any changes and we will do the rest. If you do so, our service will ensure you avoid the consequences of non-compliance i.e. penalties, prosecution or your company being struck off the register. We will ensure your company is in the best possible administrative shape should you want to sell, obtain credit or attract investors.
WHAT IF COMPANIES HOUSE REJECTS MY ACCOUNTS AS INCORRECT?
Companies House cannot accept accounts until they meet the requirements of the Companies Act. If, for example, a signature is missing, they will be returned for amendment. This may result in a late filing penalty if the corrected accounts are delivered late.
HOW WILL I KNOW WHEN A PENALTY IS DUE?
If accounts are delivered late, an invoice is issued automatically to your registered office address.
WHAT WILL HAPPEN IF THE PENALTY IS NOT PAID?
The penalty will be referred to collection agents. If it remains unpaid, legal action may be taken which could result in a County Court judgment or a Sheriff Court decree against your company.
WHAT HAPPENS IF A COMPANY IS RESTORED TO THE REGISTER?
f a company is restored to the Register after being struck off and dissolved, then it is regarded as having continued to exist as though it had never been struck off. Accounts filed - including those covering periods while the company was dissolved - will be subject to late filing penalties.
DO LATE FILING PENALTIES APPLY TO ANY OTHER DOCUMENTS?