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Money gone to Company House

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    #11
    Given my reply above and now that its deemed 'Bona Vacantia' (exactly the same predicament I was in 8 years ago), I wound up the company and paid off all the related taxes, with alot left over but I must give you more detail.....

    The amount that got sent to the treasury solicitors from my business account (8 years ago) was alot more than £5K think 7 times or so.

    It happened as I was ill advised by a certain business account bank to keep my business account open even after I dissolved the company (which I told them was the case). Of course unknown to me, Companies House/The Treasury Solicitor then without warning or informing me "struck off" the company (expected) and the company bank account was frozen and assets freezed and seized (this was unexpected but back then this was normal) .. i.e. Bonna Vacantia ('ownerless goods') which gets transferred to the Treaury Solicitors i.e. all the money in my/your bank account.

    UK Data Ltd who helped me i.e. they had to pay a solicitor to go to the High Court and the judge ruled (its more of a formaility) that it was ok to re-open the company for a few days so that the treasury solicitor could transfer the money back to the unfrozen company account to help me retrieve my money, I could then extract the money and then re-apply to Companies House to have the limited company closed again.

    You cannot believe how greatful and relieved I was. This apparently happens alot. I even liased with a contact at the Treasury Solicitors who was very helpful and informed me of what was going on each step of the way. I phoned many City based solicitors many of which had no clue how to go about dealing with this some quoted me £600 for the whole thing with maybe more for some extras, I'm sure UK Data limited charged me something really low like £150 or £350 for the whole job
    , it was worth every penny..

    I'm not sure how helpful the Treasury Solicitor would be know given that the country is in debt and they need every penny they can get, also I'm not sure when this £3,000 maximum limit was introduced for Bona Vacantia, seems like a trap to me to get money out of people for their misfortune based on clerical errors and procedural ignorance and lack of information.

    Good luck either way....

    Comment


      #12
      Did your accountant warn you to close the bank account before the striking off application was submitted? Did he ask for bank statements to ensure it was done? If not, perhaps that's a good bargaining tool to use against any fees he would charge for handling the restoration process.[/QUOTE]

      No my accountant was useless
      She never even spoke to me on the phone, she delegated to her assistant all the time.

      Comment


        #13
        Originally posted by sbakoola View Post
        Given my reply above and now that its deemed 'Bona Vacantia' (exactly the same predicament I was in 8 years ago), I wound up the company and paid off all the related taxes, with alot left over but I must give you more detail.....

        ............

        Good luck either way....
        Thanks
        I had a look online and there are tons of solicitors that do this kind of work

        Appararently
        You can't avoid 2 fees
        Court Filing Fees £130
        Treasury Solicitor Fees £300

        and then on top the administration fees which can range from £150+vat (spiegelutrera) onwards

        Comment


          #14
          Closing company down

          Hi

          I have managed to get my funds back from the companies house.

          Please could someone advise me how to close a company down?
          I'm bound by the court order to close the company asap

          Thanks

          Comment


            #15
            Well Done.

            It's pretty straight forward.

            You just fill out a form to close the company.

            Closing / Dissolving a company (Striking-off or winding-up)

            Comment


              #16
              Originally posted by prozak View Post
              Well Done.

              It's pretty straight forward.

              You just fill out a form to close the company.

              Closing / Dissolving a company (Striking-off or winding-up)
              Thanks

              Comment

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