Previous accountant closed the company via voluntary dissolution. Client had about £500 which has now passed to the crown.
Is it worth the hassle for £500? What will be the process/anyone has any experience of this or dealt in past.
Replies (18)
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Per Companies House:
"If the company was dissolved voluntarily (form DS01 filed by a director of the company), it cannot apply to be administratively restored and must use the ‘court order restoration’ route."
Tell the client to make a negligence claim against the previous accountant.
The OP doesnt say that the company was closed in error so may not be the accountants fault? Although there is a mention of "previous accountant" to be fair.
I had a similar situation where a client requested us to close a company that hadnt traded for a number of years and we spefically told them the bank would be frozen but "didnt have time" to transfer the approx £200 that was sitting in the bank accont.
Fees and costs to restore the company are likely to exceed £500.... Have a look online and you will see what the likely court costs are before adding in any professional fees
Then I would suggest he has no one to blame but himself, and it simply isn't worth the hassle to get the £500 back.
Forget it and move on.
Unlikely to be worthwhile.
It's only possible to restore with Companies House if the company was trading when it was dissolved. There's a £100 fee and you have to submit all accounts up to date and pay all of the late filing charges.
If it wasn't trading, then that means a court order and presumably the costs rack up accordingly
Scenario:
"Don't forget to withdraw the residual funds from the company bank account. No hurry, you've got 3 months."
"3 months, not 3 days? Phew, I can relax."
3 months later
"[***]."
heh, which is why in my standard closing a letter I put "do this in strict order"
And number "close bank account" above "send in DS01"
Relax...the government needs that £500 to pay for Brexit/NHS/Next aircraft carrier/overrun on HS2/ and.....
MTD!
So your post should say that you have a new client who had a company which you don't act for and who failed to follow their accountant's advice. I have no idea why you are blaming the previous accountant.
What are you doing for this new client?
you can do it yourself but you may be opening a can of worms, costs approx Treasury Solicitor £60 CH restoration fee £100 your fees ? if the company is no longer needed probably not worth the bother tell the director to do it himself if he wishes
Not worth the hassle in my view. He will need to pay to reinstate it, then dissolve it again...!