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The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Striking Off !
Post Info TOPIC: Striking Off !
Julie


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Striking Off !
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Hi All,

Just a quick question which I hope someone can shed some light on .....

Why would a Limited company voluntarily elect to be `struck off` ?

Julie

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Shamus


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Hi Julie,

Where a company has insufficient funds to pay it's creditors but cannot afford to go into liquidation.

There's a very long and interesting thread (11 pages!) with some conflicting advice and lots of serious debate on this very subject over on UK Business Forums. Take a look at this link.

http://www.ukbusinessforums.co.uk/forums/showthread.php?t=89458

If your becoming involved in one of these cases then it's certainly worth reading through from start to finish.

good luck,

Shaun.





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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
adi2402


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other reasons that come to mind:

The company was set up for a purpose that never came to fruition;

The comapny has ceased its trade that;

owners retiring;

business/trade merged into another;

changed trade from a company to and llp / partnership / sole trade.

I've wound up a fair few for the reasons above.

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Forgive the typo's I generally do not proof read. Just lazy I guess!
Julie


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Many thanks for your replies .... Shaun, will get a cuppa and sit down to read that thread !

The Company has been operating for a number of years, they sub out work to me and just by chance I was checking out one of my other clients on Companies House and I typed in their name and was surprised to see the entry for First Gazette / Strike Off !

Thanks again,

Julie

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ADAS


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Out of interest how can you tell if it's a voluntary election?

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Tony

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Julie


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Because it states `First Gazete Notice for Voluntary Strike-Off` on the notice posted against the Company on Companies House webpage. 


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AICB


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In the case of a client, he held a franchise. When the franchisor was bought out and the new owner dissolved the franchise, he was left with a plc which didn''t have a business any more. Voluntary strike-off is where he's going next.



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