First Gazette Notice For compulsory strike off, First Gazette Notice For Compulsory Strike Off, HBG Advisory

Same Day - Initial "FREE" advice -In total Privacy online - Confidentiality Assured

Covid-19 affecting your business? Same-day Rescue & Recovery Options Available.

Free Director Advice & Support TODAY.

Our Licensed Insolvency Practitioners offer Confidential Safe Advice online.

First Gazette Notice For Compulsory Strike Off

Book a Virtual Meeting - Free Confidential Advice
If you need help understanding the best way forward for your company, we can provide confidential free initial advice. You can book a free virtual meeting or call us on 0800 612 5448.

First gazette-notice-for-compulsory-strike-off

Received a “First Gazette notice for compulsory strike-off”?

Q: May, a company that has received a First Gazette notice for compulsory strike-off to, still trade up to finally being struck off?

A: YES. Though, it must then not buy anything on any form of credit. The directors remain open to criticism, if not exposure to being personally liable.

Notices published in the Gazette announce the date of striking companies off the register at Companies House. The company then legally ceases all activity, including any form of trading.

A formal strike-off requires the recipient company to have three months notice before proceeding with removing the company from the register. Usually directly related to accounts of the company not filed and or tax not paid.

Two scenarios exist which instigate this scenario:

  • The directors voluntarily determine the company no longer required; 
  • Other parties may then wish to petition for the companies compulsory dissolution.  Usually prompted by Companies House. Due to failure to file accounts for the company or update annually, the confirmation statement of the company. The strike-off request published in the Gazette then prompts a two-month period, allowing objections to be raised. If none forthcoming, the company shall be struck off the register. At companies house.

What action remains required once the company has been served a first Gazette notice for compulsory strike-off?

Suppose your company has been issued with a notice for compulsory strike-off. Then, your response depends on your intentions for the future of the company, if any.

If you no longer require the company, perhaps allowing the company to be struck off serves a purpose.

However, your company may have an objection if debts exist within the company.

Alternatively, suppose you want your company to remain active. You will need to request that striking off is ceased by filing a suspension application to Companies House.

Success may then depend on why your company then received a notice?

How to inform HMRC of company strike off

Advise HMRC of the strike by sending a CT600 and final accounts enclosed with a letter confirming the undertakings of both shareholders and directors.

Suspending strike-off applications?

In addition to directors and shareholders, the creditors of the company, especially HMRC, may also oppose if owed money.

The companies creditors may consider objecting to the application if they remain unpaid. Allowing an application to pass unchallenged results in the company struck off the companies house registrar. So then you will not have an opportunity to recover monies owed.

So should the strike-off objection succeed, then your company will remain live, and trade on?

Suppose I personally have assets left in my company?

Company assets remaining in the company once dissolved will be deemed ‘bona vacantia‘ (Vacant Goods) and are property of the crown, as the company now has no legal entity status.

Suppose you personally have assets in your company. Therefore, assuming you would require ownership back? Then you should file an objection. In that case, you will be keen to extract these to retain ownership of them. Subject to the success of your objection! Your company remains on the registrar to arrange legal separation of the asset. Ensure you seek legal advice, ensuring the assets remain retained without the company having any title over it. Perhaps consider a Members Voluntary Liquidation (MVL) as the process of extraction.

An MVL allows claiming Business Asset Disposal Relief(Formerly known as Entrepreneurs Relief). Using a licensed insolvency practitioner while ensuring tax clearance.

For further help when receiving a “First Gazette Notice For compulsory strike-off”.

Please contact HBG Advisory for a “FREE” initial talk on:

  • Freephone 0800 612 5448 Open: 8 am to 8 pm, seven days a week. CLOSED CHRISTMAS DAY ONLY
  • Or arrange a VIRTUAL meeting safe and private in your own home or place of work.
  • Web chat on the bottom right of our webpage
  • Complete a contact form for the same day response.

Confidentiality Assured, Always

First Gazette Notice For compulsory strike off, First Gazette Notice For Compulsory Strike Off, HBG Advisory
First Gazette Notice For compulsory strike off, First Gazette Notice For Compulsory Strike Off, HBG Advisory
First Gazette Notice For compulsory strike off, First Gazette Notice For Compulsory Strike Off, HBG Advisory
First Gazette Notice For compulsory strike off, First Gazette Notice For Compulsory Strike Off, HBG Advisory
Business Recovery & Rescue.
FREE Insolvency Advice
Sourcing New Funding

    Get Help Today
    1. Name: (*)
    2. Company Name:
    3. Telephone: (*)
    4. Email:
    5. Message:

    *Required Fields

    CALL TODAY FOR
    EXPERT CONFIDENTIAL ADVICE

    0800 612 5448

    Further Reading