People often get confused about the procedure to restore a limited company as they assume that once a company is removed from the record register of companies house, there is no possibility of restoring it. However, that is not the case at all. You still have a chance to bring your business back to life. This depends on how your company was closed, which can decide what is the suitable method for you to restore it.

For example, administrative restoration is best for you in case your company was forcibly removed from the register of the companies house. The directors of the company have to begin this process by applying first. In another case, if the company was deliberately dissolved with the consent of directors and they aim to resume business activities through the same company, this scenario of company restoration will require a court order. Are you wondering how to go about these procedures? We have got you covered here as this guide will help you to learn the company restoration with the administrative restoration method, handling court orders and how long it takes to restore a company.

You can seek help from the expert and experienced chartered accountants at CruseBurke and accurately manage your restored limited company.

Restore Your Limited Company with the Procedure of Administrative Restoration

As mentioned earlier if a company is dissolved forcibly and now you want to resume business activities through the same limited company, Administrative restoration is the best way to restore your dissolved company. The reason for dissolving could be many like you might not submit the accounts file right on time. The method of administrative restoration is quite easy and simple to apply. All you have to do is get in touch with companies house to apply. You will be required to compare the administrative restoration form.

Moreover, you will have to provide the outstanding confirmation statement and other details of the accounts of your company to restore and complete the process successfully without any objection. One of the requirements is to send the form fee and clear other fines or penalties if due for your company. These penalties might belong to the act of not filing the accounts accurately or delayed filing of accounts. Delay in the confirmation statement fee can also be the reason for the penalty fee. Moreover, it is important to learn here that you will be able to apply for administrative restoration to restore your dissolved company only when:

• Your business activities were active until the last moment before your company was dissolved.
• You belong to the company as its director or one of the shareholders.
• Your company was removed or struck off from the register of the companies house within the past six years period.

In the case, the above-mentioned points do not belong to your reason for dissolving the company, you will have to look for the requirement of court orders to get back your company. It is important to realise the situation and reasons of your company to identify the right choice of procedures to get your company back from dissolved status.

Court Orders to Restore the Company

In case a company was deliberately dissolved with the shared consent of the directors and its shareholders, there will be a requirement of the court orders if you intend to restore your dissolved limited company. After dissolving the company, there can be multiple reasons to restore a limited company. This can include the following:

• Claims against the business of your company.
• Reinstate your business for company restoration
• In case there has been covered a swift growth in the relevant market, the directors are now interested to recommence the trade through the limited company.

How Much Time is Required?

Normally there is little time between filing for the restoration through court orders and finally, restoring your dissolved company. Once the process and the details submitted are proven to be updated, they will proceed with the interim date. These details could include financial statements and business accounts. If all the process goes well as required and are accurate, generally it takes four months to restore a company.

Moreover, Administrative restoration will require the assistance of your accountant, however, in the case of court orders, you can seek help from a solicitor.

The Bottom Line

Now that you have gathered a fair amount of information about the restored limited company, we can say that the process of restoration of a company is quite simple and easy, however, you will have to focus on the process to identify which method will be required to restore your company. This depends on the reason why the company was dissolved in the first place. After patience of months, the process is done only when the submitted details are accurate and updated. We hope the few minutes of reading have helped you to develop a better understanding.

Are you wondering about the restored limited company? Feel free to ask us any questions and get consultation services at CruseBurke by calling us at 02086868876.

Disclaimer: All the information provided in this article on How to Restore Your Dissolved Limited Company including texts and graphics in general. It does not intend to disregard any of the professional advice.