A Beginner’s Guide to Strike Off Company Status: Simplifying the Process with Microvista

Strike off company refers to the process of officially closing down a company that is no longer in business.

The process of Strike off Company can be simplified as follows:

  1. Check eligibility: Ensure that the company is eligible to be struck off by verifying that it is not trading, has no assets or liabilities, and has not conducted business for a specified period of time.
  2. Inform stakeholders: Notify all stakeholders, including directors, shareholders, creditors, and employees, of the intention to strike off the company.
  3. File a notice: File a notice of strike off with Companies House and advertise it in the London Gazette, a government-owned newspaper.
  4. Wait for objections: Wait for a period of time to see if any objections are raised by stakeholders.
  5. Apply for striking off: If no objections are raised, apply for strike off by submitting a formal request to Companies House.
  6. Dissolve the company: If the request is approved, the company will be officially dissolved and struck off the Companies Register.

It is important to note that the process may vary depending on the jurisdiction and the specific circumstances of the company. Seeking legal advice is recommended for a more comprehensive understanding of the process and requirements.

If you want to check to strike off company status contact Microvista Technologies now.

Companies that are not eligible for Strike off:

Companies that are not eligible for strike off are those that are:

  • Currently under liquidation or winding up process.
  • Engaged in ongoing legal proceedings or disputes.
  • Under investigation by government agencies.
  • Having outstanding government dues or taxes.
  • Have not filed their financial statements and/or annual returns with the Registrar of Companies (RoC).

In general, companies that are active and in good standing with the relevant authorities are eligible for strike off. However, the eligibility criteria for strike off may vary depending on the jurisdiction.