Company Strike Off Proposal – Next Steps & Legal Advice

Active Proposal to Strike Off – What It Means & What to Do

When a company has an active proposal to strike off, it means that it is in the process of being removed from the Companies House register. This can happen voluntarily or involuntarily, and it has serious implications for business owners, creditors, and stakeholders.

What Is an Active Proposal to Strike Off?

A strike off refers to the process of closing a company and removing it from official records. The proposal can be:

• Voluntary – Initiated by the company directors when they no longer wish to continue trading.
• Involuntary – Initiated by Companies House if the company fails to meet legal requirements, such as not filing accounts.

Once a company is struck off, it ceases to exist as a legal entity, meaning it can no longer trade, own assets, or engage in business activities.

Why Might a Company Face an Active Strike Off?

1. Failure to File Accounts or Confirmation Statements – If a company does not file required documents, Companies House may take action.
2. No Business Activity – A dormant or inactive company may be struck off if directors apply for voluntary dissolution.
3. Directors’ Decision – Owners may decide to close the company if it’s no longer needed.
4. Non-Payment of Taxes – HMRC can request a company’s removal for unpaid taxes.

How to Check If a Company Has an Active Proposal to Strike Off

You can check a company’s status by visiting the Companies House website and searching for the business name. If an active proposal to strike off is in place, it will be listed under the company’s records.

What to Do If Your Company Has an Active Proposal to Strike Off

• If You Want to Stop the Strike Off:

  • File outstanding accounts or confirmation statements to get back in compliance.
  • Contact Companies House to object to the dissolution if needed.
  • Inform creditors and stakeholders to ensure no disputes arise.

• If You Want the Strike Off to Proceed:

  • Ensure all business debts are settled before the company is removed.
  • Transfer or close bank accounts, as they will be frozen once the company is struck off.
  • Distribute any remaining assets, as they may become bona vacantia (property of the Crown) if left unclaimed.

How Fraser Bond Can Help

If you need guidance on handling a company strike-off or ensuring your property-related business is compliant, Fraser Bond offers expert consultancy services. We help investors, landlords, and business owners navigate legal and financial processes efficiently. Contact us today for professional advice on business structuring and property investments.