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Closed company with bank funds confiscated!

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  • tractor
    replied
    ..

    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

    Leave a comment:


  • CloudWalker
    replied
    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.

    Leave a comment:


  • northernladuk
    replied
    Originally posted by TheFaQQer View Post
    That's what she said
    Story of my life that is!

    Leave a comment:


  • TheFaQQer
    replied
    Originally posted by northernladuk View Post
    Ah well.. Another one pump wonder.
    That's what she said

    Leave a comment:


  • northernladuk
    replied
    Ah well.. Another one pump wonder.

    Leave a comment:


  • darrylmg
    replied
    2.5k is less than 2.2k + 1.4k

    Doesn't this mean he's insolvent? Maybe the accountant would stop the closure anyway...

    Leave a comment:


  • northernladuk
    replied
    Question I have is did your accountant know you had applied to close your account?

    Leave a comment:


  • Clare@InTouch
    replied
    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.

    Leave a comment:


  • Jimlad12
    started a topic Closed company with bank funds confiscated!

    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.

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