Share this content
0
526

Bank Frozen - Company Struck Off

Previous Accountant closed the company

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

Please login or register to join the discussion.

07th Dec 2018 14:55

You can try going for administrative restoration. The procedure is here.

https://www.gov.uk/restore-dissolved-company

Thanks (0)
avatar
By jcace
to scalloway
07th Dec 2018 23:20

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."

Thanks (0)
07th Dec 2018 15:33

Tell the client to make a negligence claim against the previous accountant.

Thanks (0)
to Tim Vane
07th Dec 2018 15:48

Tim Vane wrote:

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.

Thanks (0)
avatar
By jcace
07th Dec 2018 15:57

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

Thanks (0)
By A_non
07th Dec 2018 16:08

previous accountant told the man to remove funds but he didn`t.
Its not worth the hassle pursing for £500 i suppose.

Thanks (0)
to A_non
07th Dec 2018 23:36

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.

Thanks (0)
avatar
07th Dec 2018 16:47

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

Thanks (0)
07th Dec 2018 16:55

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

"[***]."

Thanks (1)
to andy.partridge
07th Dec 2018 17:51

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"

Thanks (0)
avatar
07th Dec 2018 18:52

Relax...the government needs that £500 to pay for Brexit/NHS/Next aircraft carrier/overrun on HS2/ and.....

MTD!

Thanks (0)
avatar
By zarar
08th Dec 2018 03:12

Not worth it, if it was closed via DS01 form it's a court restore and the treasury / court fees alone would be more than this

Thanks (0)
avatar
By Matrix
08th Dec 2018 07:51

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?

Thanks (1)
to Matrix
08th Dec 2018 11:02

That crossed my mind too.

Thanks (0)
avatar
08th Dec 2018 10:54

The last restoration I did through the Courts cost £1500. So I wouldn't bother for £500

Thanks (0)
08th Dec 2018 11:46

It's not worth it, but for future reference...

https://www.fcls.co.uk/corporate-law/company-restorations/

Thanks (0)
avatar
08th Dec 2018 12:16

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

Thanks (0)
11th Dec 2018 12:05

Not worth the hassle in my view. He will need to pay to reinstate it, then dissolve it again...!

Thanks (0)
Share this content