struck off a company

[Lee]

i have a company which hasnt traded for a year, and i want to close it down.
theres no creditors, just some cash in bank.

Can i just fill out a stuck off form from the companys house?
what happens to the bank acocunt? do i just close it and distribute the cash
to shareholder (me) as dividends?

thanks for your help

 

[Dave]

i have a company which hasnt traded for a year, and i want to close it down.
theres no creditors, just some cash in bank.

Can i just fill out a stuck off form from the companys house?
what happens to the bank acocunt? do i just close it and distribute the cash
to shareholder (me) as dividends?

thanks for your help

If you want to.

I'd just fill in the "Dormant Company" form and hang on to it, if it has
no bad history.

It's a lot more hassle getting a new company registered, opening a bank
account, getting Revenue forms sorted etc etc if you find that sometime
in the future you want to trade again.

 

[Peter Saxton]

If you want to.

I'd just fill in the "Dormant Company" form and hang on to it, if it has
no bad history.

It's a lot more hassle getting a new company registered, opening a bank
account, getting Revenue forms sorted etc etc if you find that sometime
in the future you want to trade again.

Yes, I always say that to my clients. People seem to imagine there's a
lot of hassle keeping a company going even if it's dormant but it only
costs 15 pounds a year and returning a pre-printed annual return as
well as a DCA form.

 

[Jeremy Westhead]

I think that if a company is struck off and it has assets, then the they
fall as "bona vacantia" and belong to the crown.

 

[Peter Saxton]

I think that if a company is struck off and it has assets, then the they
fall as "bona vacantia" and belong to the crown.

Yes, I always say that to my clients. People seem to imagine there's a
lot of hassle keeping a company going even if it's dormant but it only
costs 15 pounds a year and returning a pre-printed annual return as
well as a DCA form.

Correct

 

[Lee]

but the company has traded in the 1st year, so DCA form doesnt apply

 

[Dave]

but the company has traded in the 1st year, so DCA form doesnt apply

it does next year ;p

 

[Peter Saxton]

but the company has traded in the 1st year, so DCA form doesnt apply

Correct

Despite what the form says, you can still use it for any year it's
dormant unless there are exceptional circumstances.