Share this content
7

Can you do an Administrative Restoration...

... twice for the same company?

Didn't find your answer?

Client has 2 co’s, A and B, but only 1 bank account in the name of A. 

Coho do a compulsive dissolution of A, so bank account is frozen. New bank account opened for B. We do an Admin Resto to unfreeze A’s bank. All fine so far. I’ve just noticed that CoHo have done another compulsive dissolution of A. Fine in its self, except whilst we’re preparing the accounts for B, the client has admitted that she didn’t actually withdraw the funds from the unfrozen A bank account. 

Will CoHo let us do another Administrative Restoration on A again, to re-unfreeze the bank account?

Replies (7)

Please login or register to join the discussion.

avatar
By zarar
02nd Sep 2019 02:44

Best to call and ask them

Thanks (1)
avatar
By bernard michael
02nd Sep 2019 09:52

Why is the client upsetting CH twice ??

Thanks (0)
Replying to bernard michael:
avatar
By Mr_awol
02nd Sep 2019 09:55

bernard michael wrote:

Why is the client upsetting CH twice ??

I think clients are either scared of CoHo, and try to avoid upsetting them, or have complete disregard for The Registrar and try to upset them as much (and as often) as possible.

Thanks (0)
avatar
By Mr_awol
02nd Sep 2019 09:53

Nothing in S1024 seems to prevent you doing it again.

Gov guidance (yes, I know, but it's all I can find) says that "If the registrar restores the company it is deemed to have continued in existence as if it had not been dissolved and struck off the register." If this is true, and everything continues as if the company had never been dissolved, then presumably there'd be no legal reason not to do it again. In that case, the only issue you might have is whether the treasury solicitor would be willing to sign off on it twice - I don't know what their criteria are.

Thanks (0)
Replying to Mr_awol:
Psycho
By Wilson Philips
02nd Sep 2019 10:58

Mr_awol wrote:
In that case, the only issue you might have is whether the treasury solicitor would be willing to sign off on it twice - I don't know what their criteria are.

I agree that is likely to be the sticking point - if I were in the TS office I think that I'd be responding along the lines of "You obviously don't want the cash so I'll pass it on to someone (Liz) who might be more appreciative."
Thanks (2)
avatar
By carnmores
18th Sep 2019 14:09

Companies House is going down the pan, they take ages to reply and then absolve themselves from all responsibility. They only seem to be interested in their wretched monthly newsletter which is completely useless. Some bright spark obviously thinks they know about social media. They should stick to the important tasks and csrry these out properly

Thanks (0)
avatar
By The Dullard
18th Sep 2019 14:26

To lose one parent is unfortunate. To lose both parents is careless. - Oscar Wilde

Thanks (0)
Share this content