Application to strike-off company

Application to strike-off company

Didn't find your answer?

Does anyone have experience of what happens to the assets of a company when it is struck off? Companies House state that any remaining assets pass on to the Crown. In practice, does this actually happen? I am (voluntarily) helping a very small company that has ceased trading and has a computer as its only remaining asset. The only director has taken it in exchange for the loans, which will remain unpaid at the time of striking off. I appreciate any advice anyone may have to give.
Clarity Acc

Replies (3)

Please login or register to join the discussion.

avatar
By User deleted
17th Jun 2008 11:30

Agreed
If there were assets they are bona vacantia "vacant goods" and go the crown. They will not bother with small amounts, which is £4,000 and less.

Thanks (0)
avatar
By carnmores
17th Jun 2008 09:19

Euan is correct
if there are any assets they have to be released by the Treasury Solicitor acting for the Duchy of Cornwall

Thanks (0)
Euan's picture
By Euan MacLennan
16th Jun 2008 15:47

No assets left
If the director has accepted the computer as a repayment in kind of some of his loan to the company prior to the striking off, the company will have no assets left, just a liability for the balance of the director's loan.

Thanks (0)