Restoring the dissolved company

[namb]

What visa are you on?

I am tier1 general visa

[stek]

I am tier1 general visa

You must be one of the last now without ILR, since T1 finished 04/2011 - how long do you need for ILR?

[mudskipper]

You must be one of the last now without ILR, since T1 finished 04/2011 - how long do you need for ILR?

What's the OP's immigration status got to do with the question about the company?

[tractor]

...

What's the OP's immigration status got to do with the question about the company?

I would imagine that if LTR expires, it would add extra complications to bank account ownership and the effective removal of all the obstacles involved in getting administrative restoration?

[stek]

What's the OP's immigration status got to do with the question about the company?

Nothing really - just interested since having a foreign partner its always in my mind - plus most Tier 1's have ILR now since it's been suspended, i was just intrigued. That in mind there are lots of T2's contracting illegally so it could be an issue if that was the case here.

[NickNick]

Hi Nick

Thanks for the inputs. I am trying to get the company restored before the money gets into treasury. Any idea how many days company house takes to acknowledge once AR01 and RT01 is submitted.

"A short while" according to Companies house. But that's just the confirmation that the missing annual return has been submitted correctly. It is a further "short while" before the RT01 is approved, but this is slightly longer.

However I was of the understanding that as soon as the company is dissolved, the Tresury took hold of the money. Are you saying that the money is still available in the business account? If it is and you can get at it then I'm not sure what the problem is. If it's not available to you then you will need to get the Bona Vacantia letter from the treasury and get that to the bank (along with proof that the company is restored) to get the funds restored. This will be weeks.

Again, an accountant will be better placed to advise on all this.

[tractor]

"A short while" according to Companies house. But that's just the confirmation that the missing annual return has been submitted correctly. It is a further "short while" before the RT01 is approved, but this is slightly longer.

However I was of the understanding that as soon as the company is dissolved, the Tresury took hold of the money. Are you saying that the money is still available in the business account? If it is and you can get at it then I'm not sure what the problem is. If it's not available to you then you will need to get the Bona Vacantia letter from the treasury and get that to the bank (along with proof that the company is restored) to get the funds restored. This will be weeks.

Again, an accountant will be better placed to advise on all this.

This is exactly my understanding.

[northernladuk]

The money could still be in the account available to the directors of the company.... But there is no company so no directors so no authority to do anything with it. So many people forget this and just see it as their money.

[NickNick]

The money could still be in the account available to the directors of the company.... But there is no company so no directors so no authority to do anything with it. So many people forget this and just see it as their money.

I don't think that can be the case where a company is dissolved. The funds are tranferred to the treasury when that happens (assuming the company was not registered in Lancaster or Cornwall)

Just checked and it's in the following order:
AR01 for missed annual return
Bona Vacantia to allow company to be restored
RT01 to get company restored
Then chase bank to get the funds back with proof of restored company and BV letter.