Dissolution & Restoration
Murphy Thompson Moore LLP specialise in all aspects of company dissolution and restoration and can guide our Clients through these complex procedures.
We prepare and file all of the necessary paperwork and liaise with Companies House, the Courts and the Government Legal Depart ment on your behalf, to minimise delays.
Dissolution
When a company has been struck off t he register or formally wound up, it ceases to exist as a legal entity and loses assets within its name. For example, funds held within bank accounts and land. Any assets owned by the company will automatically vest in the Crown, or t he Duchy of Cornwall or Lancaster, depending on t he location of t he company’s Registered Office.
In order to recover such assets, the company must either be restored to the register or, for smaller amounts, shareholders may request a discretionary grant.
Personal injury claimants may also need to restore a company in order to claim against the company’ s insurance policy.
Restoration
There are two ways to restore a company –
1) Court Application
2) Administrative Restoration under the current Companies Act 2006.
Enquiries about the restoration of dissolved companies should be directed to our Company Secretarial Department by calling us on 0161 835 2080.
| Suitable when | The company has been formally wound up or applied for voluntary strike-off or has to be restored to pursue a personal injury claim. |
| Time Limit | Six years or unlimited for personal injury claims. |
| MTM Service Includes | All application documents and subsequent paperwork |
| MTM Fees/Charges | £595 + VAT |
| Court Fees | £280 |
| Government Legal Department costs | £300 |
| Companies House Fees | Possible filing and penalty fees incurred. |
| Other possible costs | Solicitor’ s Court attendance; Duchy Cornwall or Lancaster |
| Suitable when | The company has failed to file Its accounts and annual returns resulting in strike-off. |
| Time Limit | Six years |
| MTM Service Includes | All required documents |
| MTM Fees/Charges | £295 +Vat |
| Court Fees | n/a |
| Government Legal Department costs | £64 |
| Companies House Fees | £100+any annual return and late accounts penalties |
| Other possible costs | Duchy of Cornwall or Lancaster fees £150+Vat |
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