![]() This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. The legislation and strike off procedures are designed to facilitate the speedy closure of dormant companies without letting those same companies avoid their corporate responsibilities. In other words, businesses should know that the strike-off procedure can’t be used to avoid formal insolvency proceedings if these are needed. ![]() Unsurprisingly, creditors may apply to have a company put back on the register if they want to bring proceedings against them for unpaid debts. What does this mean? Well, a company selling for apples, for example, can’t sell apples during the 3-month period, because this means it’s still trading, but it can sell the delivery trucks, or the factory warehouse.
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