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Closed company with bank funds confiscated!

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    Closed company with bank funds confiscated!

    Hi everyone,

    Apologies as the answers to my questions may be elsewhere.

    I applied for closure of my ltd company in February with approximates 2.5k in a business savers account to cover tax/accountant. I finally received a letter today from my accountant and have roughly 2.2k in corporation tax to pay and 1.4k accountant fees. Having read a couple of other threads the money in the bank may be transferred to companies house and having spoken to my bank 5 minutes ago they have started this process, although it is still in one of their holding accounts.

    If I am not able to reclaim this money what is the impact I am facing? As a ltd company I know it cannot affect my personal credit score, but would rather pay what I can to both HMRC and my accountant.

    Any help is much appreciated. Would love to have this stressful ordeal behind me and focus on my new career.

    #2
    You can apply to Companies House for an Administrative Restoration, which I believe will cost you £100. The bank should then un-freeze your funds.

    Then slap your accountant for not warning you, if indeed they didn't, and ask them to deal with closing it again.
    ContractorUK Best Forum Adviser 2013

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      #3
      Question I have is did your accountant know you had applied to close your account?
      'CUK forum personality of 2011 - Winner - Yes really!!!!

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        #4
        2.5k is less than 2.2k + 1.4k

        Doesn't this mean he's insolvent? Maybe the accountant would stop the closure anyway...
        Don't believe it, until you see it!

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          #5
          Ah well.. Another one pump wonder.
          'CUK forum personality of 2011 - Winner - Yes really!!!!

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            #6
            Originally posted by northernladuk View Post
            Ah well.. Another one pump wonder.
            That's what she said
            Best Forum Advisor 2014
            Work in the public sector? You can read my FAQ here
            Click here to get 15% off your first year's IPSE membership

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              #7
              Originally posted by TheFaQQer View Post
              That's what she said
              Story of my life that is!
              'CUK forum personality of 2011 - Winner - Yes really!!!!

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                #8
                It's so much hassle to close a company, I wonder if its better just to empty the account and pay HMRC off when they chase you.

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                  #9
                  ..

                  Originally posted by CloudWalker View Post
                  It's so much hassle to close a company, I wonder if its better just to empty the account and pay HMRC off when they chase you.
                  **If

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