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By Jerry Phillips


The sad reality is that there are only a few businesses that stands the test of time which last forever. Time will come that you already have to dissolved your company. Some thinks that doing it means it is already the end of journey. For those who changes their mind, restoring a dissolved company is possible.

You see, there are two ways on how to do this. The first one is through administrative. This applies when your organization have failed in filing for a document in time which is the reason for the struck off, now you want to correct that. The second way is through restoration from a court order.

The first thing that you have to do is check whether you are qualified for an application for restoration or not. There are only certain circumstances that will make you qualified for one. Some of those are you were not able to file for a confirmation statement or the law considers your firm as dysfunctional.

You only will be fit to apply when the person who requested to dissolve it is either a director or a shareholder at the time of disperse. If such application was requested within six years from the exact date of being dissolved. Lastly, the company was still in operation when it was decided to disperse.

The procedure you have to go through is easy, but there are still requirements some requirements you need to have. The form you will be needing is the part eight. This must be accompanied by a statement of witness with an exhibit. Make sure that the full details is present. Explain what happened to the firm and why you are trying to restore it again.

Apply for an administrative restoration in the Companies house. For the application to become successful, you need to send some items to CH. Get yourself a form RT01. The details that has to be inputted on it are the name of the dispersed firm, its registration number, statement of compliance confirming that the applicant has the right to file, and an alternative firm name, optional.

A cheque worth one hundred pounds. This is the fee for the restoration. To avoid uncertainty, a company number has to be restored and written in reverse. All your outstanding documents such as your accounts and statements of confirmation should be submitted to CH so that your records will be up to date.

Every outstanding documents correspond to a penalty. The only way to get rid of such penalties is when you pay many for it. A statutory penalty is only given when you filed your account late from the expected date given. Once everything is okay, CH will now start the process for the application you made.

You do not have to present the documents right away. You are only going to give it on the specif date which is indicated on the claiming form. Then, all you need to do now is wait for its approval. Most importantly. Ensure that all the steps are followed correctly to avoid delays happening.




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