Court Order Restoration
Companies or LLPs have to apply to apply for a court order restoration if they were dissolved voluntarily. Court Order restorations are a more expensive and lengthy process however, if you do not intend to trade after you have restored the company, the Court may waive outstanding penalties. The following criteria must be met:
1. In most cases a court attendance is not required. In situations where attendance is required we will arrange for a solicitor or barrister to represent you and an additional fee price will be agreed in advance.
2. If the Company or LLP is to resume trading all of the outstanding Annual Accounts and Annual Returns are required to be filed and late-filing penalties paid.
3. If the restoration of the Company is simply to recover assets or release monies held in a frozen bank account it will not be necessary to file outstanding Accounts and Returns.
4. Court Order Restorations are a long process and can take up to 15 weeks
5. Any interested third party, such as a creditor or investor can apply to have a company restored.
6. Application must be made within six years of the date the company or LLP was struck off.
7. The original company name may not be available if another company or LLP has registered a similar name. A dissolved company does not have priority and will need to change its name.
The costs involved in a Court Order Restoration are detailed below:
