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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
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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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