I have been approached by an individual who has previously run a company which is now dissolved.
Recently he has received a cheque (about £900) from the Inland Revenue who apparently didn't know earlier that this was due back.
As such he now has a cheque which he cannot cash - do I have to have the company restored? and if so is it financially worth it?
thank you
Rachel
Replies (4)
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Sometimes
We've found that the (former) Inland Revenue are reasonably happy to reissue the cheque on a written request, but the former HMCE just say hard luck!
An approach
Return the cheque to the Revenue with a letter, and ask them to replace it with one payable to the shareholder.
I've done this a couple of times when the Revenue drags its heels over tax repayments for defunct companies.
NeilW
It's bona vacantia
Company restoration is quite costly with over £300 of court fees just to get started.
The government department responsible for property of dissolved companies is the Treasury Solicitor's bona vacantia section. They can be quite helpful in resolving such problems and have extensive guidance on the government website.