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UK Company Administrative Restoration Procedures and Fees

UK Company Administrative Restoration Procedures and Fees

Unless otherwise indicated, the UK company stated in this quotation refers to a private company limited by shares formed and incorporated in UK in accordance with the United Kingdom Companies Act 2006.

The Administrative Restoration Procedures described below apply to restoration of UK companies have been struck off by Companies House, in accordance with Section 1025 and 1024 of the Companies Act 2006.

Requirements for Administrative Restoration

The most common reason to restore a dissolved company is to recover the assets which were belonged to the company have been passed to the Crown as 'Bona vacantia' (ownerless goods). The other reason is to continue trading. The applicant has to decide the applicable reason at the beginning of the process.

Application is made by a former director or a former shareholder of the company and is made within 6 years of the date of company dissolution.

The company was struck off the Register under the power of the Registrar to strike off a defunct company (section 1000 & 1001 of the Companies Act 2006) and was carrying on business or was in operation at the time of strike off.

If applicable, any outstanding documents including, but not limit to: accounts, confirmation statements, and late filing penalties are up to date and have been properly delivered to the Registrar.

If applicable, where property was vested bona vacantia, the Crown representative has signified to the Registrar in writing consent to the company's restoration.

  1. Fees and Costs

    Our service fee for handling the application for restoration is GBP 450. The fee covers our professional services and payment of official Registrar of Companies fee.

    The fees listed in our quotation will be for reference only and may be subject to change if confirmation statement filing fees and late filing penalties are applicable, or, in the circumstances, that the company needs any other course of action.

    Time to take to complete the restoration processes is around 2 weeks. Once completed, the company will be listed back to the Register.

  2. Other Possible Costs not Included in Our Professional Services

    Treasury Solicitors Fee

    If the dissolved company had any property or right need the Crown representative's written consent, the fee for the Crown representative is GBP64.  A written consent is called a Waiver Letter.

    Statutory documents Fee and Penalty

    If the dissolved company had any outstanding Confirmation Statement(s) before struck-off,  our minimum fee for preparing and filing of Confirmation Statement is GBP250.

    If the dissolved company had missed to submit any Accounts before struck-off, our minimum fee for preparing and filing Accounts is GBP200, the final fee is subject to a fee agreement.

    Companies House applies penalties for late filing of Accounts. The longer the time the Accounts was overdue, the higher the penalties will be charged. The penalties for a private company currently are:

    (a) Not more than 1 month: GBP150
    (b) More than 1 month but less than 3 months:  GBP375
    (c)   More than 3 months but not more than 6 months: GBP750
    (d) More than 6 months: GBP1,500
    (e) Late two years in a row: Doubled

    Registered Office address

    If in case your company requires to have a new registered office address, Kaizen can provide registered office address at a cost of GBP 300 per annum though the fees quoted above do not cover this service.

  3. Payment Methods

    Upon receipt of your confirmation of engagement, full payment in advance is required as once the service commenced, no refund of the service fee can be made.

    We accept cash, HKD check, TT, and credit card through Paypal. An extra handling fee of 5% will be charged if paid by Paypal. Please put our invoice number on the message section when making payment and send a copy of the remittance receipt to us for our records.

  4. Alternative Name

    If at the date of restoration the companyy's former name has been taken, it must be restored to the Register under an alternative name,  as if the application to register were a notice of change of name.

  5. Administrative Restoration Procedure

    An administrative restoration application is done through a completed application form, this form has to be signed by a former director or shareholder of the company. Any other interested party will have to apply for a court order.

    The registrar will notify the applicant of the decision to restore the company under section 1025 in writing. If the decision of the Registrar is to restore the company, the restoration will take effect from the date the notification letter is sent.

  6. Time Frame

    Normally, Companies House typically makes an application decision within 2 weeks, and informs the applicant in writing. When a company is restored to the register, it is deemed to have been in existence during the strike off period, as if dissolution had not taken place.

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