There are a number of reasons why a company may want to apply to have their name struck off the register at Companies House. It may be that the only product of the business no longer has a marketplace, or the owners of the company may be retiring with no one to take over the company.

A company can apply to be struck off Companies House register if it has re-paid all its business or trading debts from the last three months. A company won’t be eligible to apply if, during the last quarter it has traded or carried on the business, changed the business name or sold property that was sold whilst trading. For instance, if a furniture company wanted to be struck off the register, it could sell the machine that was used to manufacture the furniture yet not the actual furniture, which would have been sold.

A company can’t be struck off the Companies House register if insolvency proceedings are in place, like liquidation. If arrangements are in place between the business and members or creditors, the company can’t be struck off. Applying to be struck off the register when it is not eligible is an offence which could result in a fine of £5000 if convicted in a magistrates court, or the fine may be unlimited if a jury carries out the conviction.

Once all relevant criteria are satisfied, a form DS01 must be completed and submitted to Companies House with the appropriate fee.

The Accountancy Partnership

We are a national firm of accountants that specialise in small and medium sized businesses. We have been trading since 2006 and have more than 1,000 clients across many different industries and areas of the UK.

Our staff has a wealth of experience and qualifications from the major accountancy and tax associations such as ACCA, AAT, ICPA, IFA, and FTA.

Our clients receive many benefits including:

• Unlimited help and advice throughout the year — We offer our clients unlimited ongoing support for their business. We often find that new clients have lots of questions about running a business and about how the tax system works. We have heard every possible question many times before and therefore can offer new clients the very best advice.
• Free representation in the event of a HMRC investigation — If one of our clients is selected for a HMRC investigation then we will offer representation at no additional cost. We fight our client’s corner and ensure that our clients do not pay a penny more than necessary on the conclusion of the investigation.
• Dedicated Accountant — Our clients have their own dedicated accountant in which they can contact anytime. We feel this is important because it means our accountants can get to know their clients and build good relationships. All our accountants work from our main office and we never outsource work.
• Recommendations — With every piece of work we carry out for clients we look for recommendations that can be made. These recommendations can be anything from structuring the business in the most tax efficient way to recommending an insurance quote to reduce costs for clients.
• Free business guides — When a new client joins us we send them a free business guide. These guides outline in simple terms how the tax system works along with key dates and deadlines. Most clients find the guides to be extremely useful.
• Financial advice — We have a very reputable financial advisor who helps our clients to structure their finances in a way that best suits their needs. We always look out for circumstances where we think clients can benefit from financial advice and add it to their recommendations.

Please click here for a quotation for your business. Please also feel free to contact us if you have any questions or would like further information; 0800 0430 007, info@theaccountancy.co.uk.

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Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.