How to Restore a Dissolved Company
You can apply to Companies House to restore a dissolved company through administrative restoration. Directors or shareholders can apply within 6 years. Send Companies House a completed application form and a £100 cheque. You may need a court order if you do not meet the criteria. There are time limits for administrative restoration.
Restarting a Dissolved Company
You can restore a dissolved company if it was trading before dissolution. Directors or shareholders can apply within 6 years. Send Companies House a completed form and a £100 cheque. You may need a court order if criteria are not met. The company’s assets may have passed to the Crown.
Restoring a Dissolved LLC
To reactivate a dissolved limited liability company (LLC), file paperwork, settle outstanding debts, and address the reasons for dissolution. Identify why it dissolved, file reinstatement forms, and pay fees to reopen the LLC. A dissolved LLC with unresolved issues may face lawsuits.
What Happens when a Company Dissolves?
Dissolving a UK business involves closing it down by ‘striking it off’ the register. Before dissolution, assets should be removed; otherwise, they pass to the Crown. After dissolution, a company legally ceases to exist, with assets becoming ownerless.
Restoration Process
There are two routes for restoring a dissolved company: administrative and court restoration. Administrative restoration applies to Companies House and requires an application form, overdue paperwork, fees, and meeting specific criteria. If unsuccessful, court-ordered restoration remains an option.
Involuntary Dissolution
Involuntary dissolution can force a sale to resolve a deadlock between owners. A court may dissolve the company entirely. With guidance, you can protect assets, regain opportunities, and revive your dissolved business amidst intricate proceedings.