Restore or setup new company options are available if you would like to keep the name of your company that has been struck off by Companies House.
Companies House actively removes company with long overdue Confirmation Statement and company accounts. It is your company director’s responsibility to make sure your company’s filings are up to date with Companies House.
Company’s registered office
Companies House would have sent multiple reminders to your company’s registered office address when your company’s confirmation statement or company accounts are overdue. The proposal to strike off would be published in the Gazette if there is still no response from you and your company be struck off eventually after couple of months.
Therefore it is very important that you keep your company’s registered office up to date and make sure mails sent to that address able to reach you.
Difference between restore or setup new company
The main differences to restore or setup new company are tabulated below:
|Company name||same name||Can be same name|
|Company registration number||Existing||New|
|Company’s filing history||Continued||Start new|
Which option is suitable for you is dependent on your business objectives.
Setup new company with the same name
Generally speaking, setup new company is often more affordable than restoring your dissolved company. If your aim is just to keep the company name and the company holds no assets and never traded before then setup new company may be the best option for you if cost is your main consideration.
Restore dissolved company
On the other hand, restore your company would be your only option if your dissolved company have been actively trading, holds assets or have contracts under its name. The reasons your company was dissolved was due to overdue company accounts or confirmation statement.
For example, if you have legally binding contracts under your dissolved company name, you must restore your dissolved company because if there is any disputes in court, new company with the same name is not exactly the same contracting party because the company registration number has changed and the company is technical a new entity and separate to your dissolved company.
Voluntary strike off
Take note that if you have voluntarily applied to strike off your company previously, you would not be able to restore your company through administrative restoration. You must apply to court.