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Archive for August, 2018

Proposed changes to limited company strike-off from Companies Register

In March 2018, the Department for Business, Energy & Industrial Strategy (BEIS) published a consultation document on insolvency and corporate governance. Among other proposals, they are looking into providing greater powers of investigation into the conduct of directors of dissolved companies following strike-off.

Strike off is the process by which a company is removed from the register at Companies House.  It ceases to exist as a legal entity and any assets it still owns at the date of dissolution go to the Crown as “bona vacantia” (property with no legal owner).

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