Co. restoration after many years

by **PPaul** on Thu Jan 12, 2012 4:17 pm

A company was struck off many years ago (more than 10-15 yrs) as the company made losses and ceased to trade eventually. The owners of the company moved overseas for several years then moved back to the country. We have contacted Companies House and they suggested that we can't restore unless there is an injury claim by some party. The reason for restoration is that there are some assets registered in the company name (land and property) which the owners now realized. Therefore they either want to sell the asset from the co. or transfer to their personal name. Either way, the co. will need to be restored first. As per land registry records, the title is still in company's name.

If the company is restored, what sort of penalties will be due to CH and HMRC? CH suggested that it was a compulsory strike-off due to non-submission of documents (CH helpline could not tell which docs).

Any suggestion will be quite helpful.

by **King_Maker** on Sun Jan 15, 2012 12:55 pm

The last time I was involved in this situation was quite a few years ago.

It required an application to the High Court and cost a lot of money in legal fees etc.

Have you contacted your solicitor?