Companies house strike off

Companies house strike off

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Client created a second limited company which hasnt traded and was never formally engaged by myself.  Clients primary trading company is my client.

Client hasnt completed annual return for second company so companies house has petitoned for company to be struck off.  Only asset is £100 in bank account.  My advice to client was to let me complete annual return and write to companies house to request a halt to petiion action.  Dormat accounts and CT return would follow and any request to companies house to dissolve company done at this time.

Client view is that company not really needed after all (venture not going ahead as planned) so let them strike it off meaning no professional costs incurred and proivdes solution for the client.

This doesnt sit easy with myself, i would prefer to do things the right way but perhaps i am naive and inexperinced.  I have never been in this positon before hence the post for guidance as how best to advice my client.  It is my understanding that all assets are transferred to Crown and you need to formally make application for their return, which in this case wouldnt be worth it.

Others views apprecited and perhaps i am missing something more.

Thanks in advance.      

Replies (3)

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By cparker87
29th Apr 2016 00:14

let it go
I'd say just let it go

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By johngroganjga
29th Apr 2016 05:19

No reason not to follow client's instructions. But one vital thing you don't mention and you must not forget to advise him about is that he should close the bank account and take back the cash without delay.

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By cruz
29th Apr 2016 07:15

Thanks for the prompt responses - very much appreciated - John you make an extremely vaild point which came to me after posting my question, email was duly sent to client last night confirming same.

 

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