closing a company

[lucy1]

Hi I was just wondering can anyone help me find the answer.

How do companies house know your bank details in order to freeze them when striking off a company?

[Louisa@InTouch]

Hi Lucy,

Companies House are not aware of your bank details. However when your company is going to be struck off the register, Companies House advertise this in the London Gazette.

The banks will then review the London Gazette and freeze any funds within the business accounts.

[BolshieBastard]

Hi I was just wondering can anyone help me find the answer.

How do companies house know your bank details in order to freeze them when striking off a company?

If closing a company, make sure you withdraw all monies from company accounts before this process starts and place it in your personal account.

Make sure you meet any company financial obligations out of this.

[ChimpMaster]

If closing a company, make sure you withdraw all monies from company accounts before this process starts and place it in your personal account.

Make sure you meet any company financial obligations out of this.

This will be seen as a loan then, won't it?

And if you are closing a company down and applying for ER, then isn't is the Liquidator's responsibility to control the funds and place them into your personal account when authorized?

[tractor]

...

This will be seen as a loan then, won't it?

And if you are closing a company down and applying for ER, then isn't is the Liquidator's responsibility to control the funds and place them into your personal account when authorized?

It depends how and why you are closing it. If it is for ER then yes, the MVL route is the right way and the Liquidator will deal with it but I am sure you have to make your requirements known to them.

If you are closing it for other reasons, then you can easily do it yourself and it will either come under PAYE/Dividends but not as a loan. IANAL or Acct. What is clear though is that if you do not remove the remaining funds after all creditors have been paid and before Co House finalise it, the money and all assets will become bona vacantia and become the property of the Crown. You may get it back but it's inconvenient and will cost you.