When are dissolved companies removed from the Companies House register?
A company dissolution is the process of closing a company and removing it from the Companies House register. While the dissolution process typically lasts around three months, many wonder how long it takes for the company to be officially removed from the register. Let’s explore this in detail.
Types of dissolution
Voluntary dissolution
Company directors may choose to dissolve a company for several reasons. In some cases, a company never fully takes off or fails to reach its potential. In other cases, a company may have thrived but has now come to the end of its lifecycle. Regardless of the reason, the directors can submit the ‘Strike off a company from the register (DS01)’ form to Companies House to initiate the dissolution.
Involuntary dissolution
Alternatively, Companies House may decide to close a company when it fails to meet its filing obligations, such as submitting the confirmation statement, annual accounts, or tax returns. If a company falls behind on these important duties, Companies House has the authority to involuntarily dissolve the company.
When is company information removed from the register?
Once the dissolution process is complete, Companies House will retain the company’s information for an additional 20 years. After this period, the company’s records are either transferred to The National Archives or destroyed, as per The National Archives’ guidelines.
By understanding these processes, company directors can ensure they follow the proper steps, whether dissolving voluntarily or responding to an involuntary dissolution.
Do you need help with a company dissolution?
If you’ve decided to close down your limited company, our company dissolution service is here to assist you every step of the way.
We understand that this can be a stressful time, and our goal is to make the process as smooth as possible. We’ll guide you through each stage, ensuring all necessary documents are properly prepared and submitted. Once the application is accepted, we’ll notify you promptly.
FAQs About dissolved companies and the Companies House Register
Are dissolved companies removed from the Companies House register?
Yes, when a company is dissolved, it is removed from the Companies House register. However, the company’s information remains available for 20 years after dissolution.
How long does it take for a company to be officially removed from the register?
The dissolution process typically takes around three months, after which the company’s name is officially removed from the register.
What happens to a dissolved company’s records?
Companies House retains the company’s records for 20 years following dissolution. After this period, the records are either transferred to The National Archives or destroyed, following the guidelines of The National Archives.
What is the difference between voluntary and involuntary dissolution?
Voluntary dissolution occurs when the directors choose to close the company, while involuntary dissolution happens when Companies House forces the closure due to the company failing to meet its filing obligations.
What happens if a company doesn’t file annual accounts?
Failure to file annual accounts can lead to involuntary dissolution by Companies House. Regular filing of confirmation statements and tax returns is also essential to maintain a company’s standing.
Do you have any other questions?
We’ve covered both voluntary and involuntary dissolution processes, including how and when the company’s information is retained on the public register. If you’re thinking of dissolving your company, it’s important to understand the timeline and potential consequences.
For more details, check out the Startxpress Help Center and Startxpress Blog.
If you have any more questions or need further assistance, feel free to reach out to us via support@startxpress.io. Our team is here to support you every step of the way.
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