For companies that were dissolved voluntarily
For companies struck due to non-compliance
Administrative restoration is for companies that were trading when they were struck off (involuntarily) and wish to continue to trade after they are restored to the register.
The application must be made by a director or member of the company at the time it was struck off, with the following conditions:
York Place understand this filing well and can help prepare and process all the necessary documentation to ensure the application is not rejected. Our fees are £300 + VAT plus the following legal costs.
Legal costs payable to the Companies Court and the Registrar of Companies are as follows:
Court order restoration is the process to restore a company following a voluntary DS01 filing. This is the route to restore for those wishing to recover frozen assets. During the process there is the option to decide whether the company will continue to trade or be dissolved as soon as the assets are recovered.
Court order restoration is also the process for personal injury claims against a struck off or dissolved company. Court order restorations typically take 8 -12 weeks.
Our fees for restoring a company by Court Order start at £700 plus VAT and the court costs are as follows:
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The most common reason to restore the company to the register is where the limited company has been dissolved and its assets frozen by the Treasury Solicitor. Companies House may dissolve a company due to non-compliance, e.g. failure to file the company's Confirmation Statement or Accounts, or failure to contact the company at its Registered Office Address. When the company is dissolved in this way, its bank account is frozen and the assets held by the Treasury Solicitor.
This enables companies to recover a limited amount of money from the Treasury Solicitor. Dissolved companies can apply to recover up to £3,000 by applying for a Discretionary Grant. If the company has frozen assets of up to £3,500, the Treasury Solicitor will allow their fee to be deducted from this amount. This process takes approximately 3 months. Please contact us for further details.
A company may apply for an Administrative Restoration in the event that Companies House has struck it off the register under sections 1000 or 1002 of the Companies Act 2006 (i.e. for non-compliance) within the last 6 years. A company must intend to continue to trade (or hold assets) once restored by Administrative Restoration. The process requires a £64 fee to the Treasury Solicitors in return for a waiver letter and the filing of a RT01 with £100 fee to Companies House. Once the waiver letter has been obtained the process takes from 4 to 6 weeks at Companies House. Please contact us for further details.
A director or shareholder of a dissolved limited company may apply to the court to restore a company to the register within 6 years of the date of dissolution. Third parties may also apply to the court to restore the company e.g. creditors may wish to recover funds, (for further information please seek legal advice). The process involves, the Courts and the Treasury Solicitor and will take up to four months. The difference between this option and the Administrative Restoration is that the company is not obliged to continue to trade when restored, and any late accounts or returns do not have to be prepared.
If the application is successful, the company will be restored to the register and deemed to have continued in existence as if it had not been struck off. All forms filed will be available on the public record. With this process it is possible to apply to the court to restore the company for the sole purpose of recovering frozen assets and dissolve it immediately after.
Once we have received all forms and payments the restoration process takes approximately 4 months. Excluding our fees, there are the Court fee of £308 and the Treasury Solicitor's fee of £300. It does not include any fees that may be due to the Registrar for outstanding penalties and filing fees. Please contact us for further details.
It is important to take time to consider all aspects of why you want to restore your company to the register. When you call us to discuss your best options, we will ask you to confirm your full intentions - do you want to restore the company merely to recover frozen assets? Or do you need to continue to trade with the same company number? Do you need to restore the company quickly? We will discuss the most cost effective options and weigh up the timescale options with you, to ensure your full needs are met. For example, an Administrative Restoration may be the quickest option, however it may also be the most costly (e.g. taking into consideration late penalty fines, accountant fees, Companies House costs and our administrative charges).
You may benefit from opting for a Discretionary Grant or apply to the Court to restore the company for the sole purpose of recovering your assets. Costs that have not been covered here are those you may be charged by your accountant in order to bring the company filing up to date.
